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    131 S Occidental Blvd

    Los Angeles, CA 90057
    • $3,650,000
    • STATUS: Active
    • ON SITE: 114 days
    • ID#: 20-616160
    UPDATED: 34 min ago
    $3,650,000
    • 18
      BEDS
    • 0.32
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 11,220
      SQFT
    • $325
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:

    School Ratings & Info

    Description

    Pool Patio Apartments represents an opportunity to acquire a value-add investment located near some of Los Angeles hottest neighborhoods, such as Koreatown, Echo Park and DTLA. 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. Three of the units will be delivered vacant upon close of escrow. 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 33% below market value for nicely remodeled units in the area. Property amenities include a large community pool, 8 tandem parking spots, an 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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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-03T16:42:56.413. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.trulinerealty.com/homes/108730179
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    131 S Occidental Blvd Los Angeles, CA 90057

    • Price: $3,650,000
    • Status: Active
    • Updated: 34 min ago
    • ID#: 20-616160
    18
    Beds
    0
    Baths
    0
    ½ Baths
    0.32
    Acres
    11,220
    SQFT
    $325
    $/SQFT
    1956
    Built
    Neighborhood:
    Downtown L.A.
    County:
    Los Angeles
    Area:
    Downtown L.A.
    Property Description
    Pool Patio Apartments represents an opportunity to acquire a value-add investment located near some of Los Angeles hottest neighborhoods, such as Koreatown, Echo Park and DTLA. 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. Three of the units will be delivered vacant upon close of escrow. 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 33% below market value for nicely remodeled units in the area. Property amenities include a large community pool, 8 tandem parking spots, an 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
    Exterior Features

    Lot Size Area 14139 Other Structures None Parking Garage TandemGatedSide By Side Pool Description FencedIn GroundCommunity Pool YN Yes Spa None Spa YN No Total Parking 8 View Description None View YN No

    Interior Features

    Baths Total 16.00 Common Walls Attached Cooling Wall Unit(S) Equipment RefrigeratorRange/OvenGarbage Disposal Flooring Mixed Heating Wall Laundry CommunityLaundry Area

    Property Features

    Assessed Total Value 2899554 Gross Income 261214 Gross Operating Income 254684 Like Units1 3 Like Units2 1 Like Units3 1 Like Units4 2 Like Units5 1 Like Units6 1 Net Operating Income 166299.00 Number Of Buildings 1 Number Of Units 16 Sale Type Standard Security Features Gated Source Living Area Assessor Source Lot Size Area Vendor Enhanced Total Annual Expense 88385 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lar4

    Listing provided courtesy of Kenny Stevens DRE#01090251 of Compass.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-12-03T16:42:56.413. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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    TruLine Realty
    8644 Wilshire Blvd. Suite 204
    Beverly Hills CA, 90211