248 S Occidental

Los Angeles, CA 90057

$3,900,000 Est. $19,721/mo

Active 1 day on market

Listed By Young HongDRE #01967916

New Star Realty & Investment

213-820-0218

Tom Schulze · Broker

Your inquiry will go to Tom Schulze, who is not the listing agent for this property.

Lot Size
9,945 sqft
Year Built
1962
Property Type
Residential income
Property Subtype
Apartment
Garage Spaces
24
Pool
No
Days on Market
1 day
Prime Investment Opportunity in Los Angeles! This 21-unit apartment building offers an exceptional investment opportunity in a highly sought- after area. The property features a well-rounded mix of spacious units, including 19 one-bedroom apartments, one two-bedroom unit, and a unique three-bedroom penthouse on the rooftop with its own private outdoor space, perfect for commanding top-tier rents. Located in a high-demand neighborhood, the building enjoys a strong occupancy rate and a steady stream of rental income. Tenants benefit from the convenience of nearby shopping, dining, and public transportation, enhancing the appeal of the property for long-term renters. With considerable potential for value-add improvements and rent growth, this asset offers a lucrative opportunity for investors seeking both stable cash flow and future appreciation. Don’t miss the chance to capitalize on this prime investment opportunity!

Estimate a monthly payment

—/mo

Principal and interest only. Property taxes, insurance and any HOA dues are not included and will increase this amount.

Estimates only, for your own planning. Not a loan offer, a pre-qualification, or a quote from any lender.

Features

Interior Features

Laundry
  • Common Area

Exterior Features

Lot
  • Twenty One To Twenty Five Units Acre

Market insights

Computed from CRMLS data for Los Angeles.

Property history

No prior MLS sale records.

Based on information from California Regional Multiple Listing Service, Inc. as of October 5, 2026 at 8:45 PM PDT and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Any amount of compensation or commission stated is made only to participants of CRMLS or an MLS that has entered into a datashare agreement with CRMLS.

Where it is