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 gets to a 4.8 cap & 13.5 GRM. Proforma rents indicate $29,000/mo or ($348,000/yr) at 8.3 cap & 9.2 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.
Property Details
Property Features
Property Information:
Year Built: 1949
Stories: 2
Living Area: 10,218 SqFt
Listing Office:
Office Name: Keller Williams Downtown LA
Office Phone: (213) 797-7000
Listing Agent: Aram Gaboudian
Interior Features
Interior Information:
Appliances: Disposal
Exterior Features
Parking Information:
Parking: Carport, One Space, Uncovered
Lot Features
Lot Information:
Lot Size: 0.28 Acres
Utilities
Utilities Information:
Heating: Wall Furnace
School Info
Assigned Schools Information:
Belmont Senior High School, Public District Grades 9-12
Contreras Learning Center-Academic Leadership Community, Public District Grades 9-12
Contreras Learning Center-Los Angeles School of Global St, Public District Grades 9-12
Virgil Middle School, Public District Grades 6-8
Studio, Public District Grades 6-8
Commonwealth Avenue Elementary School, Public District Grades KG-5
Melrose Avenue Elementary School, Public Magnet Grades KG-6
Academy For Enriched Sciences, Public Magnet Grades 1-5
Other
Directions Information:
Directions: 3rd & Occidental
Price Information
Listing Price Info
Price Summary:
List Price: $3,198,000
Price Per SqFt: $313/SqFt
Tax Information:
Annual Amount: $12,507
Tax Year: 2021
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Housing Market Comparison
See how this home compares to others in Los Angeles, CA.
This property is $2.1M more than the Median Sold Price and $327/SqFt less than other homes in Los Angeles, CA.
Based on homes sold in the last 12 months
MLS Details
MLS Information:
MLS Name: CRMLS
MLS Number: #24406887
Listing Office:
Office Name: Keller Williams Downtown LA
Office Phone: (213) 797-7000
Listing Agent: Aram Gaboudian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available. Data displayed may be a portion of, and not a complete set of all listings published in the MLS. Last updated on: 9/26/2024, 5:21:02 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Tax History
YEAR
PROP. TAX
ASSESSMENT
2021
$12,507
$923,075
2020
$12,169
$910,443
2019
$11,987
$892,592
2018
$11,711
$875,091
2017
$11,711
$857,933
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
6
/10
Commonwealth Avenue Elementary School
215 S Commonwealth Ave
Distance between this listing and this school0.32 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school3.80 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school22.34 miles
Public Magnet Grades 1-5
Middle School
5
/10
Virgil Middle School
152 N Vermont Ave
Distance between this listing and this school0.64 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.68 miles
Public District Grades 6-8
High School
3
/10
Belmont Senior High School
1575 W 2nd St
Distance between this listing and this school1.08 miles
Public District Grades 9-12
3
/10
Contreras Learning Center-Academic Leadership Community
322 Lucas Ave
Distance between this listing and this school1.39 miles
Public District Grades 9-12
2
/10
Contreras Learning Center-Los Angeles School of Global St
322 Lucas Ave
Distance between this listing and this school1.39 miles
Public District Grades 9-12
Assigned Schools
6
/10
Commonwealth Avenue Elementary School
215 S Commonwealth Ave
Distance between this listing and this school0.32 miles
Public District Grades KG-5
9
/10
Melrose Avenue Elementary School
731 N Detroit St
Distance between this listing and this school3.80 miles
Public Magnet Grades KG-6
9
/10
Academy For Enriched Sciences
6170 Lockhurst Dr
Distance between this listing and this school22.34 miles
Public Magnet Grades 1-5
Assigned Schools
5
/10
Virgil Middle School
152 N Vermont Ave
Distance between this listing and this school0.64 miles
Public District Grades 6-8
4
/10
Studio
2211 W Avenue 30
Distance between this listing and this school3.68 miles
Public District Grades 6-8
Nearby Schools
6
/10
Rise Kohyang Middle School
631 S Commonwealth Ave
Distance between this listing and this school0.39 miles
Public Charter Grades 6-8
Assigned Schools
3
/10
Belmont Senior High School
1575 W 2nd St
Distance between this listing and this school1.08 miles
Public District Grades 9-12
3
/10
Contreras Learning Center-Academic Leadership Community
322 Lucas Ave
Distance between this listing and this school1.39 miles
Public District Grades 9-12
2
/10
Contreras Learning Center-Los Angeles School of Global St
322 Lucas Ave
Distance between this listing and this school1.39 miles
The neighbors living near this home have an average income of $36,132. The most common annual income of people living in Los Angeles, CA is less than $35k. The most common type of family is single, no kids. The most common level of education of people living in this area is post secondary degree.
All data provided by Home Junction and Claritas
Frequently Asked Questions About 343 S Occidental Blvd
What is the listing price of this property?
The listing price of 343 S Occidental Blvd property is $3,198,000.
What type of property is this?
The property 343 S Occidental Blvd is a house located in Los Angeles, California, 90057.
Is this property for sale now?
Active Listing: 343 S Occidental Blvd is For Sale (Active/New) which means the seller is accepting offers.
What are the assigned schools for this property?
The assigned schools for 343 S Occidental Blvd are: Commonwealth Avenue Elementary School: GreatSchools Rating 6/10Melrose Avenue Elementary School: GreatSchools Rating 9/10Academy For Enriched Sciences: GreatSchools Rating 9/10Virgil Middle School: GreatSchools Rating 5/10Studio: GreatSchools Rating 4/10Belmont Senior High School: GreatSchools Rating 3/10Contreras Learning Center-Academic Leadership Community: GreatSchools Rating 3/10Contreras Learning Center-Los Angeles School of Global St: GreatSchools Rating 2/10
What is the annual property tax for this property?
According to the records, the last property tax for 2021 is $12,507 (source: MLS/based on county public records data).
What is the square footage of this property?
The property 343 S Occidental Blvd is 10,218 SqFt (source: MLS/tax record).
Which year was this property built?
The year of construction for 343 S Occidental Blvd is 1949.
Interested in 343 S Occidental Blvd? Let's connect.
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This home is located at 343 S Occidental Blvd in Los Angeles, CA and zip code 90057 in the Central LA neighborhood. This 10,218 square foot home, which was built in 1949, sits on a 0.28 acre lot. It has been listed on Rocket Homes since June 26, 2024 and is currently priced at $3,198,000.
Over 668 listings were sold over their listed price in August 2024 in Los Angeles, CA. In the same period over 728 listings were sold below the listed price and 213 listings were sold for the listed price. The number of listings in Los Angeles, CA increased by 7.2% between July 2024 and August 2024. The median list price of listings available in August 2024 was $1,013,623, while the average time on the real estate market was 34 days.
From Rocket Homes Real Estate and based on county public records data.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. 
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