$4,500,000
248 S Occidental
Los Angeles, CA, 90057
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!
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!
Property Details
Price:
$4,500,000
MLS #:
SR25268861
Status:
Active
Beds:
0
Baths:
0
Type:
Single Family
Subtype:
Apartment
Neighborhood:
699notdefined
Listed Date:
Dec 1, 2025
Total Sq Ft:
18,654
Lot Size:
9,945 sqft / 0.23 acres (approx)
Year Built:
1962
Schools
Interior
Laundry Features
CM
Exterior
Community Features
SDW
Parking Spots
24
Financial
Get Out There, A Simply Outgoing Approach to Life. James Outland Jr. is one of those rare people who simply has an outgoing approach to life. No matter the activity… from dune buggy riding to skydiving to motorcycling to riding the local Pismo Beach waves… James Outland Jr. approaches life with a “just get out there and do it” kind of attitude. A zest for Life. James’ zest for life is obviously apparent in his many exciting hobbies. In his spare time, he loves riding dune buggies or hi…
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Current real estate data for Single Family in Los Angeles as of Feb 12, 2026
6,267
Single Family Listed
69
Avg DOM
520
Avg $ / SqFt
$1,492,406
Avg List Price
Community
- Address248 S Occidental Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90057
Similar Listings Nearby
Property Summary
- 248 S Occidental Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90057. It is listed for $4,500,000 and features 0 beds, 0 baths, and has approximately 0 square feet of living space, and was originally constructed in 1962. The average price per square foot for Single Family listings in Los Angeles is $520. The average listing price for Single Family in Los Angeles is $1,492,406. To schedule a showing of MLS#sr25268861 at 248 S Occidental in Los Angeles, CA, contact your James Outland agent at 8057482262.
Courtesy of New Star Realty & Investment. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than James Outland include the name of the listing broker. Neither the listing company nor James Outland shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 248 S Occidental
Los Angeles, CA