Description
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
Location
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Listing Agent: D. Timothy Byrne Courtesy of: Compass The real estate listing information is provided by California Regional MLS, Inc. and/or CARETS® for the 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 or leasing. Any information relating to a property referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS, Inc. and/or CARETS®. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns the web site. Information is deemed reliable but not guaranteed, and consumer is responsible for verifying the accuracy of all information. Copyright © California Regional MLS, Inc. and/or CARETS®. All Rights Reserved. Updated: 11th August, 2022 11:36 PM (UTC)
