248 S Occidental
Los Angeles, CA 90057
6
Bed
4
Bath
9,945Sqft(Lot)
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 chanc
Property Details
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Map
What's Nearby
Nearby Areas
Features
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Building Information
Year Built: 1962Building Area Total: 18654Pool Features: NonePrivate Pool: No
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Lot Information
Main Square Feet: 9945 Lot Size Acres: 0.2283 Lot Size Source: Assessor Lot Size Square Feet: 9,945 Lot Description: TwentyOneToTwentyFiveUnitsAcre
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Listing Price Information
Listing Price: $4100000Original Price: $4890000Cash, CashToNewLoan, Exchange1031
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Tax Information
Parcel Number: 5155013008 Tax Lot: 18
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Parking Information
Parking Total: 24Garage Information
Has Garage: Yes Garage Space: 24
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Location Information
Direction: 3rd St & Occidental Bl WaterSource: Public
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 210 S La Fayette Park P.., Los Angeles, CA, 90057 | $319,000 | 1 | 1 | 476 | 476 SqFt |
| 244 S La Fayette Park #.., Los Angeles, CA, 90057 | $519,000 | 2 | 2 | 942 | 942 SqFt |
| 400 S La Fayette Park #.., Los Angeles, CA, 90057 | $519,000 | 2 | 2 | 1,228 | 1,228 SqFt |
| 400 S La Fayette Park P.., Los Angeles, CA, 90057 | $424,000 | 1 | 1 | 886 | 886 SqFt |
| 400 S La Fayette Park #.., Los Angeles, CA, 90057 | $399,500 | 1 | 1 | 886 | 886 SqFt |
| 421 S La Fayette Park P.., Los Angeles, CA, 90057 | $340,000 | 1 | 1 | 715 | 715 SqFt |
| 421 S La Fayette Park #.., Los Angeles, CA, 90057 | $299,999 | 1 | 1 | 800 | 800 SqFt |
| 421 S La Fayette Park P.., Los Angeles, CA, 90057 | $299,000 | 1 | 1 | 715 | 715 SqFt |
| 421 S La Fayette Park P.., Los Angeles, CA, 90057 | $329,000 | 1 | 1 | 715 | 715 SqFt |
| 435 S La Fayette Park P.., Los Angeles, CA, 90057 | $622,000 | 2 | 2 | 1,355 | 1,355 SqFt |
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ByOwner last updated this listing 07/26/2026 @ 16:24
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