248 S Occidental Los Angeles, CA ^$ 4,600,000

248 S Occidental

^$ 4,600,000

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Recently Listed

248 S Occidental

Los Angeles, CA, 90057

^$ 4,600,000

Studio Baths2.0 Sq 18,654

Monthly Estimate*

^$ 28,698

Listed by New Star Realty & Investment

248 S Occidental, Los Angeles, CA 90057 - Image 1

248 S Occidental, Los Angeles, CA 90057 - Image 2

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Studio

Multi-Family Home for sale in Los Angeles, CA

for $4,600,000 with 2 full baths. This 18,654 square foot home was built in 1962 on a lot size of 0.2283.

High-Performing 21-Unit Asset in Prime Los Angeles — CAP 6% and First Time on the Market in 20 Years! This rare offering delivers strong in-place income with a solid 6% CAP rate in one of Los Angeles’ most desirable rental markets. The property features a balanced and attractive unit mix: nineteen one-bedroom units, one two-bedroom unit, and a standout three-bedroom rooftop penthouse with its own private outdoor space—ideal for commanding premium rents. Located in a high-demand neighborhood, the building enjoys consistently strong occupancy and stable rental income, supported by immediate access to shopping, dining, and public transit. With room for value-add upgrades and rent growth, this asset offers both steady cash flow and significant long-term upside. Don’t miss this rare chance to acquire a high-yield property in a top-tier Los Angeles location!

Multi-Family Active

Price

^$ 4,600,000

Bedrooms

Studio

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.2283

Year Built

1962

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SR25268861

Days on Market

Features

General

Sewer Public Sewer

Garage Spaces 24

Pool Features None

Year Built 1962

Property Subtype Apartment

Gross Income 41000

Community Features Sidewalks

County Los Angeles

Net Operating Income 145127

Operating Expense 265057

Insurance Expense 16700

New Construction false

Property Type Residential Income

Contingency None

Garage Y/N true

Special Listing Conditions Standard

Status Active

Directions 3rd St & Occidental Bl

City Los Angeles

Entry Location 1

Senior Community Y/N false

Number Of Units Total 21

MLS Area 699 - Not Defined

Lot Size Units Square Feet

Lot Size Square Feet 9945

Listing Terms Cash Cash to New Loan 1031 Exchange

Property Attached Y/N false

Land Lease Y/N false

Electric Expense 0

Fuel Expense 0

Trash Expense 10783

Water Sewer Expense 22929

Additional Parcels Y/N false

Rent Control Y/N true

Building Area Units Square Feet

Standard Status Active

Year Built Source Assessor

Tax Lot 18

Property Sub Type Additional Apartment

Interior

Total Stories 4

Common Walls No Common Walls

Laundry Features Common Area

Entry Level 1

Exterior

Lot Features 21-25 Units/Acre

Water Source Public

Total Parking 24

Lot Size Area 9945

Number of Buildings 1

Building Area Total 18654

Lot Size Acres 0.2283

Private Pool false

Lot Size Source Assessor

Number of Separate Water Meters 1

Number of Separate Gas Meters 21

Number of Separate Electric Meters 21

* Excluded Features

List By

New Star Realty & Investment

Broker

younghong@newstarrealty.com

Affordability Calculator

$28,698

Per Month

Monthly Principal & Interest: $28,698
Monthly Property Taxes: --
Monthly Home Insurance: --

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Interest Rate

Yearly Property Taxes

Yearly Home Insurance

Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$1,903,492

Percent of Sale Price 59%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

4827338 Elementary School

4827337 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
12/9/2025	$4,600,000	-5.93%	Price Down
12/2/2025	$4,890,000		Listed Price

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248 S Occidental, Los Angeles, CA, 90057 is a Multi-Family Home for sale at $4,600,000 with 18,654 sqft and a lot size of 0.2283. 248 S Occidental is a studio with 2.0 baths and was built in 1962. The property's zip code is 90057 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 12/18/2025. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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248 S Occidental

Multi-Family Home for sale in Los Angeles, CA

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