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

$3,198,000
  • 10 Beds
  • 18 Baths
  • 10,218 Sq.Ft.
For Sale
$3,198,000 Get Pre-Qualified

Map preview of 343 S Occidental Blvd, Los Angeles, CA 90057

Property Overview: 343 S Occidental Blvd Los Angeles, CA has 10 bedrooms, 18 bathrooms, 10,218 living square feet and 12,243 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Aram Gaboudian | BRE #01493911 | Keller Williams Downtown LA
Last checked: 11 minutes ago | Last updated: July 12th, 2024 | Source CRMLS | DOM: 23
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Home details

Lot Sq. Ft
12,243
HOA Dues
$0/mo
Year built
1949
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24406887
City
Los Angeles
County
Los Angeles
Time on Site
22 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 18
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,197
  • Total Rent: $1,197
  • Pro Forma/Market Rent: $1,700
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $965
  • Total Rent: $965
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 13.5
  • Gross Scheduled Income: --
  • Net Operating Income: $154,544
  • Gross Operating Income: $236,325
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 343 S Occidental Blvd

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Kitchen Information
  • Has Appliances
  • Disposal
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 13
  • Has Parking
  • Parking Features: Carport, Parking Space, Uncovered
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 18
  • Parcel Number: 5155009006
  • Year Built Source: Assessor
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 3rd & Occidental
View more facts & features

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Sale History for 343 S Occidental Blvd

View property's historical transactions
  • June, 2024

  • Jun 25, 2024

    Date

    Active

    CRMLS: 24406887

    $3,198,000

    Price

Tax History for 343 S Occidental Blvd

Assessed Value (2020): $913,643
Year Land Value Improved Value Assessed Value
2020 $249,917 $663,726 $913,643

Home Value Compared to the Market

This property vs the competition

343 S Occidental Blvd is listed 166.5% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $312.98 per/sqft which puts the price per square foot 59.51% lower than the median price per square foot for the city of Los Angeles.

About 343 S Occidental Blvd

Detailed summary of property

343 S Occidental Blvd is a multi family located in Los Angeles, CA 90057 and is currently for sale. This multi family property offers 10 bedrooms, 18 bathrooms, roughly 10,218 living square feet, and sits on an approximately 12,243 square foot lot. 343 S Occidental Blvd was first listed on ArdentRealEstateGroup.com on June 26, 2024. The homeowner is currently asking $3,198,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 166.5% higher than the median priced home. Local competing homes currently for sale include 743 S Berendo St, 1050 S Park View St and 743 N Occidental Blvd. While the average home in Los Angeles, CA is selling in 101 days, 343 S Occidental Blvd has a days on market of 23 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 343 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 343 S Occidental Blvd

Public county record property details
Beds
--
Baths
--
Year built
1949
Sq. Ft.
10,218
Lot Size
12,243
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5155-009-006

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.
$544
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%)

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Related Resources to 343 S Occidental Blvd

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.