A white building at 131 s occidental blvd, with large windows and a sign, surrounded by trees and parked cars on a sunny day.

Closed Listing

16 Units by Koreatown Sold at 14.16 GRM

131 s occidental blvd

sold in

Rampart Village

16

Number of Units

1956

Year Built

11,220

SF

Square Footage

14,139

SF

Lot Size

LAR4

Zoning

131 S Occidental Blvd, Los Angeles, CA 90057

About the Property

131 S Occidental Blvd represents an opportunity to acquire a value-add investment located near some of Los Angeles hottest neighborhoods, such as Koreatown, Echo Park and DTLA. The 11,220 two-story building sits on a 14,139 SF lot, and is comprised of (2) two-bedroom and one bath units and (14) one-bedroom and one bath units. Three of the units will be delivered vacant upon close of escrow. Several of the spacious units (avg. 700 SF per assessor) have been upgraded to include hardwood floors, granite countertops, new tubs and tiled walls/floors. 131 S. Occidental offers a significant value-add opportunity to potential investors, as current rents are approximately 33% below market value for nicely remodeled units in the area. Property amenities include a large community pool, 8 tandem parking spots, an on-site laundry facility, and the units have been individually metered for gas and electricity. Additionally, the well-maintained property has had seismic retrofitting completed

16

Number of Units

1956

Year Built

11,220

SF

Square Footage

14,139

SF

Lot Size

LAR4

Zoning

Price P/ Unit

$214,656

Price p/ Sq. ft.

$306

Proforma Cap Rate

7.41%

Contact

Sales agent

A modern building at 131 s occidental blvd, with large windows, a tree in front, and parked cars along the street.
A modern building at 131 s occidental blvd, with large windows, a tree in front, and parked cars along the street.
A modern building at 131 s occidental blvd, with large windows, a tree in front, and parked cars along the street.
A modern building at 131 s occidental blvd, with large windows, a tree in front, and parked cars along the street.
A tranquil poolside view of 131 s occidental blvd, surrounded by greenery, with a modern building in the background.
A tranquil poolside view of 131 s occidental blvd, surrounded by greenery, with a modern building in the background.
A tranquil poolside view of 131 s occidental blvd, surrounded by greenery, with a modern building in the background.
A tranquil poolside view of 131 s occidental blvd, surrounded by greenery, with a modern building in the background.
A clear swimming pool at 131 s occidnetal blvd, surrounded by greenery and apartments on a sunny day.
A clear swimming pool at 131 s occidnetal blvd, surrounded by greenery and apartments on a sunny day.
A clear swimming pool at 131 s occidnetal blvd, surrounded by greenery and apartments on a sunny day.
A clear swimming pool at 131 s occidnetal blvd, surrounded by greenery and apartments on a sunny day.
A modern building at 131 s occidnetal blvd, with balconies overlooks a lush green area and a swimming pool.
A modern building at 131 s occidnetal blvd, with balconies overlooks a lush green area and a swimming pool.
A modern building at 131 s occidnetal blvd, with balconies overlooks a lush green area and a swimming pool.
A modern building at 131 s occidnetal blvd, with balconies overlooks a lush green area and a swimming pool.

MEET THE TEAM

We make your life easier

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.