
Closed Listing
16 Units by Koreatown Sold at 14.16 GRM
131 s occidental blvd
sold in
Rampart Village
Sold At
$
3,434,500
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
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$214,656
Price p/ Sq. ft.
$306
Proforma Cap Rate
7.41%




Contact
Sales agent
Related Listings
MEET THE TEAM