343 S Occidental Boulevard, Los Angeles, CA 90057
Property
Sold March 2025
Listing Agent: Aram Gaboudian (DRE #01493911) · Listing Office: Keller Williams Los Angeles · Contact: 626-593-7560 · Bought with: Ramin Vakilzadeh · Joshua Nouri · MLS #24406887 · Source: CRMLS
About this property
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 is 12.5 GRM and about a 5.4 cap. Proforma rents indicate $29,000/mo or ($348,000/yr) at 8.2 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.
Listing description from the March 2025 sale, as reported to CRMLS.
Sale history