343 South Occidental Boulevard
$3,198,000
1
2
10,218
10,218
$313
Description
18 unit low rise garden style apartment building for sale with tremendous upside of 53% to peak proforma in one of the few remaining pockets in Los Angeles that hasn't seen big growth...yet. A short drive off the 101 and the Silver Lake Blvd exit is 343 S Occidental Blvd. The location is Silver Lake a few blocks to the north and Koreatown a few blocks to the east. 10 of the units are one bed one bath, 8 are studios. Rents were last raised February 2024. Current rents are $18,936/mo ($227,236/yr)....18 unit low rise garden style apartment building for sale with tremendous upside of 53% to peak proforma in one of the few remaining pockets in Los Angeles that hasn't seen big growth...yet. A short drive off the 101 and the Silver Lake Blvd exit is 343 S Occidental Blvd. The location is Silver Lake a few blocks to the north and Koreatown a few blocks to the east. 10 of the units are one bed one bath, 8 are studios. Rents were last raised February 2024. Current rents are $18,936/mo ($227,236/yr). Highest 1 bed unit is $1700/mo. Highest studio is $1500/mo. February 2025 rents at 4% increase gets to a 4.8 cap & 13.5 GRM. Proforma rents indicate $29,000/mo or ($348,000/yr) at 8.3 cap & 9.2 GRM. All units are occupied and rents are current. Laundry is on site. There are 13 parking spaces with the potential to add more. Soft story retrofit completed in 2019.
- Listed by Aram Gaboudian • DRE #01493911 • Brokerage DRE #01364089 • Keller Williams Downtown LA
Property Details for 343 South Occidental Boulevard
Zoning
LAR4
Parcel Number5155009006
Total Units18.0
Living Area10218
Source Living AreaAssessor
AreaDowntown L.A. (C42)
Vacancy Rate0
Lot Size Area12243
LISTING UPDATED: 08/28/2024 03:54 PM
Property Details for 343 South Occidental Boulevard
Status | Active |
---|---|
MLS # | 24-406887 |
Days on Market | 148 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Residential Income |
Year Built | 1949 |
Lot Size | 0.28 AC / 12,243 SF |
County | Los Angeles County |
Building Information for 343 South Occidental Boulevard
Stories2Residences-Year Built1949Building Size-Lot Size0.28 AC / 12,243 SF
Property Information for 343 South Occidental Boulevard
Property History for 343 South Occidental Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 343 South Occidental Boulevard
Taxable ValueLand$1,020,000Additions$2,109,500Total$3,129,500
Tax Record2024$39,290 ($3,274 / month)
Home Facts
Total Finished SqFt10,218 SqFtAbove Grade Finished SqFt10,218 SqFtLot Size12,243 SqFtStyleMulti-Family Res (5+ Units)Year Built1949ZoningLAR4CountyLOS ANGELESAPN5155-009-006
Schools near 343 South Occidental Boulevard
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Commonwealth Avenue Elementary School PublicK to 5 | ||
Virgil Middle School Public6 to 8 | ||
Contreras Learning Center-School Of Social Justice Public9 to 12 | ||
Academic Leadership Community School Public9 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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