Under contract
Active Under Contract
343 S Occidental Boulevard
Los Angeles CA, 90057
$2,880,000
$281.86 per sqft
Under contract
Active Under Contract
10,218 sqft
Residential
Built in 1949
Listed by Aram Gaboudian with Keller Williams Realty Downey 626-242-8197
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 is 12.5 GRM and about a 5.4 cap. Proforma rents indicate $29,000/mo or ($348,000/yr) at 8.2 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.
24406887
MLSⓇ ID
June 25, 2024
Listed
February 4, 2025
Updated
Map
343 S Occidental Boulevard
Los Angeles CA, 90057
Interior Features
Total Stories
2
Appliances
Disposal
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Wall Furnace
Exterior/Building Features
Lot Size
0.28 Acres
Other Property Details
Area Name
C42 - Downtown L.A.
Days on Market
221
Garage
No
Parking
Carport, One Space, Uncovered
Parking Total
13
View
No
County
Los Angeles
Pool
No
Zoning
LAR4
Listing History
Date | Event | Price |
|---|---|---|
2/1/2025 | Under contract | — |
1/11/2025 | Price change | $2,880,000 -10% |
Listing Contact: 562-334-1500
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Data last updated on 2/4/2025 at 7:40 PM UTC