$3,198,000
- Beds
- Unknown
- sq ft
- 10,218
343 S Occidental Blvd, Los Angeles, CA 90057
343 S Occidental Blvd
Los Angeles, CA 90057
- 95 days on market
18 unit low rise garden style apartment building for sale with tremendous upside of 53% to peak proforma in one of the few remaining pockets in Los Angeles that hasn't seen big growth...yet. A short drive off the 101 and the Silver Lake Blvd exit is 343 S Occidental Blvd. The location is Silver Lake a few blocks to the north and Koreatown a few blocks to the east. 10 of the units are one bed one bath, 8 are studios. Rents were last raised February 2024. Current rents are $18,936/mo ($227,236/yr). Highest 1 bed unit is $1700/mo. Highest studio is $1500/mo. February 2025 rents at 4% increase gets to a 4.8 cap & 13.5 GRM. Proforma rents indicate $29,000/mo or ($348,000/yr) at 8.3 cap & 9.2 GRM. All units are occupied and rents are current. Laundry is on site. There are 13 parking spaces with the potential to add more. Soft story retrofit completed in 2019.
Details
Property type
Lot size
0.2811 acres
Price per sq ft
$313
Year built
1949
HOA
No
Price History
06/25/2024
CLAW #24406887
Listed
$3,198,000
+287.64%
09/08/2017
CRMLS #316009653
Sold
$825,000
Schools & Community
Neighborhood:
Westlake
Elementary school:
Unknown
Middle school:
Unknown
High school:
Unknown
Status: Active
Tomo last checked: 09/28/2024 at 5:55 PM
Listing updated: 08/28/2024 at 4:09 PM
Listed by: Aram Gaboudian, Keller Williams Downtown LA Phone #: (213) 797-7000
MLS: CLAW #24406887
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