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.
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
