Address
131 S Occidental Boulevard Los Angeles, CA
Price
$ 3,750,000
Property Attributes
  • ML#20616160
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaDowntown L.A.
  • Zip90057
  • Style
  • Price$ 3,750,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.32 Acres
Listing Provided Courtesy Of:
Kenny Stevens with Compass.
Property Description

Pool Patio Apartments represents an opportunity to acquire a value-add investment located near some of Los Angeles hottest neighborhoods, such as Koreatown, Echo Park and DTLA. The 11,220 two-story building sits on a 14,139 SF lot, and is comprised of (2) two-bedroom and one bath units and (14) one-bedroom and one bath units. One of the one-bedroom units will be delivered vacant upon close of escrow. Several of the spacious units (avg. 700 SF per assessor) have been upgraded to include hardwood floors, granite countertops, new tubs and tiled walls/floors. 131 S. Occidental offers a significant value-add opportunity to potential investors, as current rents are approximately 38% below market value for nicely remodeled units in the area. Property amenities include a large community pool, 8 tandem parking spots, an on-site laundry facility, and the units have been individually metered for gas and electricity. Additionally, the well-maintained property has had seismic retrofitting completed

Price History
8/10/2020 Listed $3,750,000

General Features

Appliances Disposal, Refrigerator
Directions Heading west on 3rd Street, please take a right turn onto S. Occidental Blvd. The subject property is located towards the end of the block (before Beverly Blvd.)
Heating Wall Furnace
Listagentaor Beverly Hills/Greater LA
Listing Agent Kenny Stevens - BRE#01090251
Listing Agent State License 01090251
MLS Area C42 - Downtown L.A.
Parking Features Tandem Garage, Gated, Side by Side
Pool Features Fenced, In Ground, Community
Security Features Gated Community
Source System CRMLS
Spa Features None
Special Listing Conditions Standard
Total Units 16
View None
Zoning LAR4

Interior Features

Appliances Y/N Yes
Heating Y/N Yes
Laundry Features Community
Laundry Y/N Yes
Total Stories 2

Exterior Features

Lot Size Acres 0.3200
Lot Size Area 14139.0000
Lot Size Square Feet 14139.00
Lot Size Units Square Feet
Number of Buildings 1
Parking Y/N Yes

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Master On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Zip Code Average in 90057

Price
AVG $3.5M
$3.75M
Visits
AVG 35
25
Year Built
AVG 1946
1956
Walkscore
AVG 89
89
Data Provided by Walkscore ® not using MLS data