CA > Los Angeles
Los Angeles, CA 90057,343 S Occidental Blvd
Los Angeles, CA 90057,343 S Occidental Blvd
Los Angeles, CA 90057,343 S Occidental Blvd
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John Matukas

John Matukas

+1(323) 377-4961
$3,198,000
Est. payment /mo
10,218 SqFt
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UPDATED:

11/25/2024 11:59 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,218 sqft

Price per Sqft $312

MLS Listing ID 24-406887

Year Built 1949

Lot Size 0.281 Acres

Acres 0.2812

Property Description

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.

Location

State CA

County Los Angeles

Area Downtown L.A.

Zoning LAR4

Rooms

Other Rooms Other

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment Garbage Disposal

Exterior

Parking Features Carport, Parking Space, Uncovered

Garage Spaces 13.0

Building

Story 2

Level or Stories Two

Others

Special Listing Condition Standard

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Listed by Keller Williams Downtown LA

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John Matukas

+1(323) 377-4961

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