Overview
- Apartment
- 24
- 1962
Description
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 penthouse with its own private outdoor space—ideal for commanding premium rents.
Located in a high-demand neighborhood, the building enjoys consistently strong occupancy and stable rental income, supported by immediate access to shopping, dining, and public transit. With room for value-add upgrades and rent growth, this asset offers both steady cash flow and significant long-term upside.
Don’t miss this rare chance to acquire a high-yield property in a top-tier Los Angeles location!
Address
Open on Google Maps- Address Occidental
- City Los Angeles
- State/county Los Angeles
- Zip/Postal Code 90057
Details
Updated on January 8, 2026 at 7:07 am- Property ID: HZSR25268861
- Price: $4,500,000
- Garages: 24
- Year Built: 1962
- Property Type: Apartment
- Property Status: ResidentialIncome
- Listed by: Young Hong
- DRE #: 01967916
- Contact Mail: younghong@newstarrealty.com
- Brokered by: New Star Realty & Investment
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