Subject Property

The apartments at 244 S. Occidental Boulevard represent a rare investment opportunity to acquire a 14-unit apartment community in Koreatown.  Built in 1956, this 11,569 sq ft. building is comprised of two-stories over gated tuck-under parking, soft-story retrofit has been completed by the owner. This is a fantastic Koreatown location on a double-wide street and center median which offers great curb appeal.  The unit mix features 11 one-bedroom / one-bath units, 2 two-bedroom / one-bath units and 1 large two-bedroom
/ two-bath unit. Tenants benefit from its fantastic central location with a Walk-Score ® of 96 (Walker’s Paradise), and Transit Score of 82 (Excellent Transit). Large units, great unit mix, on-site parking and low cost per square foot create tons of upside in rents for the next owner to realize.

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Property Details

Address

City

APN

Year Built

Square Feet

Lot Square Feet

Zoning

Units

244 S. Occidental Boulevard

Los Angeles, CA 90057

5155-013-007

1956

11,569

9,751

LAR4

14

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