$3,750,000 131 S Occidental Boulevard Los Angeles, CA

MLS: 20616160   Type: Income   County: Los Angeles   City: Los Angeles   Area: Downtown L.a.   Zip: 90057     Stories: 2

Mortgage $17,606 /mo

Beds

Baths

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Sqr Footage

Acres

Built

0

0

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0.32

1956

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. One of the one-bedroom 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 38% 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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Price History

8/10/2020 Listed $3,750,000

Appliances Disposal, Refrigerator
Directions Heading west on 3rd Street, please take a right turn onto S. Occidental Blvd. The subject property is located towards the end of the block (before Beverly Blvd.)
Heating Wall Furnace
Listagentaor Beverly Hills/Greater LA
Listing Agent Kenny Stevens - BRE#01090251
Listing Agent State License 01090251
MLS Area C42 - Downtown L.A.
Parking Features Tandem Garage, Gated, Side by Side
Pool Features Fenced, In Ground, Community
Private Pool No
Security Features Gated Community
Senior Community Y/N No
Source System CRMLS
Spa Features None
Special Listing Conditions Standard
Total Units 16
View None
Zoning LAR4

Interior Features

Appliances Y/N Yes
Heating Y/N Yes
Laundry Features Community
Laundry Y/N Yes
Total Stories 2

Exterior Features

Lot Size Acres 0.3200
Lot Size Area 14139.0000
Lot Size Square Feet 14139.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes
Spa No

Property Schools



Direct Link:

https://www.jvalenrealestate.com/property/25-20616160-131-S-Occidental-Boulevard-Los-Angeles-CA-90057

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Property vs Zip Code Avg (90057)

Price 3.75M Avg 3.50M

Acres 0.32 Avg 0.19

Visits 24 Avg 34

Days on Site 41 Avg 100

Walkscore® 89 Avg 89

Data Provided by Walkscore ® not using MLS data

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Listing Provided Courtesy Of: Kenny Stevens with Compass.




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Location & Address

J Valen RE Team

Los Angeles, CA
310-231-6864
888-879-7812