$3,900,000
+$100,000248 S Occidental, Los Angeles CA 90057
Multi-Family (21 Units)
Property type
185 days
On market
$209
Price per sqft
24 cars
Garage
1962
Year built
9,945 sqft
Lot size
Open Houses
Overview
High-Performing 21-Unit Asset in Prime Los Angeles — CAP 6% and First Time on the Market in 20 Years! This rare offering delivers strong in-place income with a solid 6% CAP rate in one of Los Angeles’ most desirable rental markets. The property features a balanced and attractive unit mix: nineteen one-bedroom units, one two-bedroom unit, and a standout three-bedroom rooftop...
Listing provided by: Young Hong DRE #01967916, New Star Realty & Investment
Listing updated: May 26, 2026 at 05:37am.
Last checked: Jun 2, 2026 at 07:30am
Source: CRMLS #SR25268861
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 19 | 1 | 1 | — | $1,500 | $348,274 | $33,100 | Unfurnished |
| 1 | 2 | 1 | — | $2,469 | $29,627 | $2,800 | Unfurnished |
| 1 | 3 | 2 | — | $3,300 | $39,600 | $3,300 | Unfurnished |
# of Buildings: 1
# of Units Total: 21
Separate Electric Meters: 21
Separate Gas Meters: 21
Separate Water Meters: 1
Rent Control: Yes
Financial Snapshot
Gross Rent Multiplier
94.7x
List Price / Annual Gross Rent
Cap Rate
3.72%
NOI / List Price
Gross Scheduled Income: $41,200
Operating Expense: $265,057
Net Operating Income: $145,127
Annual Operating Expenses
Electric: $0
Fuel: $0
Insurance: $16,700
Professional Management: $12,000
Trash: $10,783
Water / Sewer: $22,929
Interior
Laundry: Common Area
Entry Location: 1
Exterior
Property Attached: No
Stories Total: 4
Common Walls: No Common Walls
Lot Features: Twenty One To Twenty Five Units Acre
Pool: None
Water Source: Public
Sewer: Public Sewer
Garage and Parking
Garage Spaces: 24
Parking Total: 24
Lot Information
Land Lease: No
Common Interest: CommunityApartment
Parcel #: 5155013008
Additional Parcels: No
Tax Lot: 18
Community
Senior Community: No
Community Features: Sidewalks
Nearby Schools
Nearby schools around the 248 S Occidental, Los Angeles, CA 90057. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$3,120,000
Total Interest
$3,979,388
Total Payment
$7,099,388
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$23,933
per month
Property History for 248 S Occidental
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90057.
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