CA > Los Angeles
Los Angeles, CA 90057,343 S Occidental Blvd
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Los Angeles, CA 90057,343 S Occidental Blvd
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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Donny Piwowarski

Donny Piwowarski

+1(209) 740-1004
$ 2,880,000
Est. payment /mo
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Active Under Contract

343 S Occidental Blvd Los Angeles, CA 90057

10,218 SqFt

UPDATED:

02/01/2025 03:34 PM

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 10,218 sqft

Price per Sqft $281

MLS Listing ID 24-406887

Year Built 1949

Lot Size 0.281 Acres

Acres 0.2812

Property Sub-Type Multi-Family

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 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.

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

Virtual Tour https://youtu.be/X7uPxkJpByw

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Realty Downey
agent

Donny Piwowarski

Broker | License ID: 01444374

+1(209) 740-1004

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