- 6 Beds
- 4 Baths
- .23 Acres
- 56 DOM
248 S Occidental
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!
Essential Information
- MLS® #SR25268861
- Price$4,500,000
- Bedrooms6
- Bathrooms4.00
- Acres0.23
- Year Built1962
- TypeResidential Income
- Sub-TypeApartment
- StatusActive
Community Information
- Address248 S Occidental
- Area699 - Not Defined
- CityLos Angeles
- CountyLos Angeles
- Zip Code90057
Amenities
- Parking Spaces24
- # of Garages24
- PoolNone
Interior
- # of Stories4
Exterior
- Lot DescriptionTwentyOneToTwentyFiveUnitsAcre
Additional Information
- Date ListedDecember 1st, 2025
- Days on Market56
Listing Details
- AgentYoung Hong
- OfficeNew Star Realty & Investment
Price Change History for 248 S Occidental, Los Angeles, (MLS® #SR25268861)
| Date | Details | Change |
|---|---|---|
| Price Reduced from $4,600,000 to $4,500,000 | ||
| Price Reduced from $4,890,000 to $4,600,000 |
Young Hong, New Star Realty & Investment.
Based on information from California Regional Multiple Listing Service, Inc. as of January 26th, 2026 at 9:56am PST. 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.