
343 S Occidental Blvd Los Angeles, CA 90057
Westlake NeighborhoodAbout This Home
As of March 202518 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
Keller Williams Los Angeles License #01493911 Listed on: 06/25/2024

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
Similar Homes in Los Angeles, CA
Home Values in the Area
Average Home Value in this Area
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 |
Tax History Compared to Growth
Agents Affiliated with this Home
-
Seller's Agent in 2025
Aram Gaboudian
Keller Williams Los Angeles
(626) 242-8197
1 in this area
27 Total Sales
-
R
Buyer's Agent in 2025
Ray Vak
Joshua Nouri
(310) 902-4347
1 in this area
7 Total Sales
Map
Source: The MLS
MLS Number: 24-406887

APN: 5156-015-027
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