$2,660,000
SOLD MAR 21, 2025
-- Bed
-- Bath
10,218 Sq Ft
0.28 Acres

Recently Sold

$260 Per Sq Ft

17% Below List Price

220 Days on Market

About This Home

As of March 2025

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.

Last Agent to Sell the Property

Aram Gaboudian

Keller Williams Los Angeles License #01493911 Listed on: 06/25/2024

Keller Williams Los Angeles

Last Buyer's Agent

Ray Vak

Joshua Nouri License #01439509

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1949

Lot Details

  • 0.28 Acre Lot

Parking

  • 13 Parking Spaces

Interior Spaces

  • 10,218 Sq Ft Home
  • 2-Story Property

Community Details

  • 18 Units

Listing and Financial Details

  • Assessor Parcel Number 5155-009-006

Property Details

Home Type

Multi-Family

Year Built

Built in 1949

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 10218
  • Lot Acreage: 0.2812
  • Stories: 2
  • Year Built: 1949
  • Number Of Photos: 11
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Price Per S Q F T: 281.86

Garage/Parking

  • Total Parking: 13

Lot Info

  • Assessor Parcel Number: 5155-009-006
  • Lot Size Area: 12243

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 12.50
  • Number Of Units: 18
  • Total Annual Expense: 81780
  • Type Of Units: attached
  • Vacancy Rate: 0

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Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2025 03/21/25 Sold $2,660,000 -7.6% $260 / Sq Ft
01/31/2025 01/31/25 Pending -- -- --
01/11/2025 01/11/25 Price Changed $2,880,000 -9.9% $282 / Sq Ft
06/25/2024 06/25/24 For Sale $3,198,000 -- $313 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

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Map

Source: The MLS

MLS Number: 24-406887

The MLS

APN: 5156-015-027