Property Details

Price $3,650,000

Year Built 1956

# of Units 16

Price P/ Unit $228,125

Sq. ft. 11,220 SF

Price p/ Sq. ft. $325

Current Cap Rate 4.12%

Proforma Cap Rate 6.90%

Lot Size 14,139 SF

Zoning LAR4

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131 S. Occidental Boulevard
Los Angeles, CA 90057

About The Property

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. 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 43% below market value for nicely remodeled units in the area. Property amenities include a large community pool, 8 tandem parking spots, a coinless 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.

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