343 S Occidental Boulevard Los Angeles, CA 90057
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.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyLos Angeles
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site27 Days
- MLS StatusActive
- MLS ID Number24406887
- Home Size Source Assessor
- Year Built1949
- Lot Size0.2811 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Parking CarportParking SpaceUncovered
- Parking Spaces 13
- Number of Stories 22
- Acreage 0.2811
- Zoning LAR4
- Listing Conditions Standard
Interior Features
- Heating Wall Furnace
- Appliances Disposal
Community Features
- Senior Community No
- MLS Area C42 - Downtown L.A.