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325 S Occidental Blvd, Los Angeles, CA 90057
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325 S Occidental Blvd Los Angeles, CA 90057

$3,640,000 Sold Price as of 08/16/2022
  • 10 Beds
  • 20 Baths
  • 11,384 Sq.Ft.
Sold
$3,640,000 Sold Price as of 08/16/2022 Refinance Your Mortgage
Map preview of 325 S Occidental Blvd, Los Angeles, CA 90057

Property Overview: 325 S Occidental Blvd Los Angeles, CA has 10 bedrooms, 20 bathrooms, 11,384 living square feet and 13,109 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Priced at $187,500 per unit, we are pleased to present this value-add, twenty-unit (20) unit investment opportunity located at 325 S. Occidental Blvd., a grand tree lined street with a center median. This building is located in the Rampart Village neighborhood of Los Angeles, which is adjacent to Koreatown to the West, Silver Lake to the North and Downtown Los Angeles to the East. The Koreatown submarket remains one of the strongest rental submarkets in the city. This is a great opportunity for a value-add investor, as the rents are approximately 50% below market. This two-story, 11,384 square foot, garden style apartment building was built in 1949. The building is situated on a 13,108 square foot LARD4-1 zoned parcel. The property consists of ten (10) studio units and ten (10) one bedroom & one bath units. One unit will be delivered vacant. The residents have a wide range of amenities close by such as restaurants, shopping, medical clinics, and recreation areas such as MacArthur Park and Lafayette Park. The property's central location has access to the 101, 110 and 10 freeways. The property being is sold in its As-Is, Where-Is condition

Listed by D. Timothy Byrne | BRE #01186465 | Compass
Last checked: 1 minute ago | Last updated: April 16th, 2024 | Source CRMLS | DOM: 55

Home details

Lot Sq. Ft
13,109
HOA Dues
$0/mo
Year built
1949
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22167537
City
Los Angeles
County
Los Angeles
Time on Site
750 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 20
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $925
  • Total Rent: $9,255
  • Pro Forma/Market Rent: $14,500
Unit Breakdown 2
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,088
  • Total Rent: $10,887
  • Pro Forma/Market Rent: $17,950
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.11%
  • Gross Rent Multiplier: 15.2
  • Gross Scheduled Income: --
  • Net Operating Income: $152,992
  • Gross Operating Income: $245,336
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 325 S Occidental Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 11
  • Has Parking
  • Parking Features: Carport
Property Information
  • Total # of Units: 20
  • Parcel Number: 5155009004
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Just South of 3rd Street, West of La Fayette Park Pl
View more facts & features

Local Los Angeles Agent

Sale History for 325 S Occidental Blvd

Last sold for $3,640,000 on August 16th, 2022

  • August, 2022

  • Aug 16, 2022

    Date

    Sold

    CRMLS: 22167537

    $3,640,000

    Price

  • Jun 7, 2022

    Date

    Active

    CRMLS: 22167537

    $4,150,000

    Price

  • January, 2007

  • Jan 11, 2007

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 325 S Occidental Blvd

Assessed Value (2020): $382,973
Year Land Value Improved Value Assessed Value
2020 $105,790 $277,183 $382,973

Home Value Compared to the Market

This property vs the competition

325 S Occidental Blvd sold on August 16, 2022 for 192.39% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $327.21 per/sqft which puts the price per square foot 58.63% lower than the current median sale per square foot for the city of Los Angeles.

About 325 S Occidental Blvd

Detailed summary of property

325 S Occidental Blvd is a multi family that recently sold in Los Angeles, CA 90057. This multi family property offered 10 bedrooms, 20 bathrooms, roughly 11,384 living square feet, and sits on an approximately 13,109 square foot lot. 325 S Occidental Blvd was first listed on ArdentRealEstateGroup.com on June 14, 2022. The homeowner sold the property for $3,640,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 192.39% higher than the current median priced home. Local homes that are currently for sale include 1050 S Park View St, 811 Kodak Dr and 2506 W Sunset Blvd. While the average home in Los Angeles, CA is selling in 100 days, 325 S Occidental Blvd has a days on market of 55 days. There are currently 3938 homes for sale in the Los Angeles real estate market and 2648 of them are single family homes while 1176 of them are condos and 106 are townhomes. For more information on this home for sale at 325 S Occidental Blvd Los Angeles, CA 90057 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 325 S Occidental Blvd

Public county record property details
Beds
--
Baths
--
Year built
1949
Sq. Ft.
11,384
Lot Size
13,108
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5155-009-004

The source for these homes facts are from public records.

90057 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$680,000
Median List Price/Sq.Ft.
$557
Median Sold Price
$390,000
Median Sold Price/Sq.Ft.
$488
Total Inventory
17
Median Sale to List Price %
100%
Avg Days on Market
22
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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