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$2,660,000
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Property Description
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 is 12.5 GRM and about a 5.4 cap. Proforma rents indicate $29,000/mo or ($348,000/yr) at 8.2 GRM. All units are occupied and rents are current. Laundry is on site. There are 13 parking spaces with the potential to add more. Soft story retrofit completed in 2019.
Full Property Details
Full Property Details for 343 S Occidental Blvd
General
- Sold For: $2,660,000
- Status: Closed
- Type: Multi-Family
- Source: CLAW
- MLS ID: 24-406887
- Added to Site: 571 day(s) ago
Additional Information
- Other Features: Other
Parking
- Garage Description: Carport, Parking Space, Uncovered
Location
- Area: Downtown L.A.
- County: Los Angeles
- Driving Directions: 3rd & Occidental
Heating & Cooling
- Cooling Type: Wall Unit(s)
- Heating Type: Wall
Structural Information
- # Buildings: 1
- Stories/Levels: 2
- Square Feet: 10,218
- Sq. Ft. Source: Assessor
- Year Built: 1949
- Year Built Source: Assessor
Unit Information
- Units in Complex: 18
- Unit Type: 2106, 2107
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 1
Additional Structures
- Other Structures: Other
Lot Features
- Lot Size (Acres): 0.2812
- Lot Size: 12243
- Lot Size Source: Assessor
- Zoning: LAR4
Financial Considerations
- Price Per Sq. Ft.: $281.86
- Assessment Year: 1949
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5155-009-006
Listed by Keller Williams Realty Downey, Aram Gaboudian
Sold by Joshua Nouri, Ramin Vakilzadeh
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Schools
Schools serving 343 S Occidental Blvd
School District:Los Angeles Unified School District
| Name | Grades | Distance |
|---|---|---|
Commonwealth Avenue Elementary School 215 South Commonwealth Avenue, Los Angeles, CA 90004 | 1-5 | 0.3 mi |
Virgil Middle School 152 North Vermont Avenue, Los Angeles, CA 90004 | 6-8 | 0.6 mi |
Belmont Senior High School 1575 West 2nd Street, Los Angeles, CA 90026 | 9-12 | 1.2 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 343 S Occidental Blvd
Date
Details
Price
Change
Source
3/21/2025
Sold
$2,660,000
-7.64%
MLS
1/11/2025
Price Reduced
$2,880,000
-9.94%
MLS
6/25/2024
Listed
$3,198,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
343 S Occidental Blvd, Los Angeles, CA 90057 (MLS# 24-406887) is a Multi-Family property that was sold at $2,660,000 on March 21, 2025. Want to learn more about 343 S Occidental Blvd? Do you have questions about finding other Multi-Family real estate for sale in Downtown L.A.? You can browse all Downtown L.A. real estate or contact a Coldwell Banker agent to request more information.

