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248 S Occidental, Los Angeles CA 90057
248 S Occidental, Los Angeles CA 90057
California>Los Angeles>Rampart Village

248 S OccidentalLos Angeles, CA 90057

For Sale

$4,600,000

Smart Buyer Rebate $46,000

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!

Listed by Young Hong

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License #01967916

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New Star Realty & Investment

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213-820-0218

Last updated December 09, 2025

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Source: CRMLS #SR25268861

Listing Facts

  • TypeMulti-family
  • NeighborhoodRampart Village
  • Days on Prevu10

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

12/09/2025
Price Decreased
$4,600,000
12/01/2025
Listed by New Star Realty & Investment
$4,890,000

Property Details for 248 S Occidental

Association

Amenities

  • Community Features: Sidewalks

Exterior

Construction

  • Number Of Units Total: 21
  • Stories Total: 4
  • Year Built: 1962
  • Common Walls: No Common Walls
  • Entry Level: 1
  • Entry Location: 1

Measurements

  • Building Area Total: 18,654
  • Building Area Units: Square Feet
  • Lot Features: 21-25 Units/Acre
  • Lot Size Acres: 0.22
  • Lot Size Area: 9,945
  • Lot Size Source: Assessor
  • Lot Size Square Feet: 9,945
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Gross Income: $41,000.00
  • Operating Expense: $265,057.00

Taxes

  • Parcel Number: 5155013008

Other

Location

  • Tax Lot: 18

Parking

Parking

  • Garage Spaces: 24
  • Garage: Yes
  • Parking Total: 24

Utilities

Equipment

  • Laundry Features: Common Area
  • Sewer: Public Sewer
  • Water Source: Public

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There is bedrooms in this multi-family home at 248 S Occidental.

Does this multi-family home have parking?

Yes, there are 24 parking spaces available for 248 S Occidental.

How does 248 S Occidental compare to other multi-family homes in Rampart Village?

This multi-family home is listed 69% above the average price for multi-family homes in Rampart Village and has been on the market for 89 less days than the typical home in this area.

248 S Occidental is a -bedroom multi-family home for sale in Los Angeles CA 90057. Listed on Prevu for 10 days at $4,600,000. This includes a recent price decrease of $290,000. This home is located in Rampart Village. The median listing price for multi-family homes in this area is $959,000. Property amenities include parking. Explore more multi-family home listings in Los Angeles.

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 Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.