$10,000 Closing Credit¹
#RS24108799, Jian Chen, Listing Office: Home Paradise Realty Group Inc
#SR25042067·
Listing Office: New Star Realty & Investment·
Listing Agent: Young Hong·
Listing Office Phone: 213-820-0218
$5,250,000 List price
248 S Occidental Blvd Los Angeles, CA 90057
0.2 acres
Condo
Property details
About 248 S Occidental Blvd
Prime Investment Opportunity in Los Angeles! This 21-unit apartment building offers an exceptional investment opportunity in a highly sought-after area. The property features a well-rounded mix of spacious units, including 19 one-bedroom apartments, one two-bedroom unit, and a unique three-bedroom penthouse on the rooftop with its own private outdoor space, perfect for commanding top-tier rents. Located in a high-demand neighborhood, the building enjoys a strong occupancy rate and a steady stream of rental income. Tenants benefit from the convenience of nearby shopping, dining, and public transportation, enhancing the appeal of the property for long-term renters. With considerable potential for value-add improvements and rent growth, this asset offers a lucrative opportunity for investors seeking both stable cash flow and future appreciation. Don’t miss the chance to capitalize on this prime investment opportunity!
Highlights
Home typeCondominium
StatusActive
Lot size0.2283 Acres
Year built1962
MLS #SR25042067
Garage24 spaces
Summary
- MLS Number: SR25042067
- MLS Name: CRMLS
- Office Name: New Star Realty & Investment
- Office Phone: (213) 820-0218
- Listing Agent: Young Hong
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 3/4/2025, 3:20:54 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$5,250,000
248 S Occidental Blvd
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Apr 18, 2005 | Home Sold | $1,072,010 |
| Jun 04, 1996 | Home Sold | $561,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $2,568,337 | $33,188 |
| 2023 | $2,518,096 | $32,581 |
| 2022 | $2,468,840 | $31,135 |
| 2021 | $2,420,550 | $30,663 |
| 2020 | $2,389,793 | $29,782 |
| 2019 | $2,342,935 | $29,576 |
| 2018 | $2,296,996 | $28,916 |
| 2017 | $2,251,958 | $28,916 |
History based on county public records data.
Nearby schools
6
Commonwealth Avenue Elementary School
Public District 1-5
0.3 mi
•215 S Commonwealth Ave
6
Charles White Elementary
Public District 1-5
0.5 mi
•2401 Wilshire Blvd
6
Dr. Sammy Lee Medical and Health Science Magnet
Public Magnet KG-5
0.6 mi
•3600 Council St
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $31,533. Typical income of Los Angeles, CA residents is less than $<35k annually. Residents typically live in single, no kids family. Residents of this area typically have high school diploma education.
How much money do the neighbors make?
56%
<35k
43%
35k-100k
1%
100k-200k
0%
200k+
What level of education do the neighbors have?
No High School
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
57%
Single, No Kids
11%
Single, with Kids
18%
Married, No Kids
14%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
12%
<11 yrs old
6%
12-17 yrs old
33%
18-34 yrs old
42%
35-64 yrs old
7%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Foot Locker
Ross Dress For Less
Where do the neighbors go to eat?
Boston Market
Little Caesars
Popeyes
What do the neighbors drive?
Honda
Dodge
Nissan
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 248 S Occidental Blvd
This home is located at 248 S Occidental Blvd in Los Angeles, CA and zip code 90057 in the Central LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since February 26, 2025 and is currently priced at $5,250,000.
Over 212 listings were sold over their listed price in February 2025 in Los Angeles, CA. In the same period over 280 listings were sold below the listed price and 105 listings were sold for the listed price. In February 2025 in Los Angeles, CA there were 10.8% more homes for sale than in January. The median list price of listings available in February 2025 was $989,396, while the average time on the real estate market was 44 days.
From Rocket Homes Real Estate and based on county public records data.