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
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
What can I afford?
Understand what home price range makes sense for your budget.
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 $328/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: 11/17/2024, 12:20:55 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.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$16K
Per Month
Principal & Interest
$15.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$9,654
Powered By
Advertisement
NMLS#3030
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.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
6
/10
Commonwealth Avenue Elementary School
215 S Commonwealth Ave
Distance between this listing and this school0.32 miles
Public District Grades 1-5
6
/10
Charles White Elementary
2401 Wilshire Blvd
Distance between this listing and this school0.49 miles
Public District Grades 1-5
6
/10
Dr. Sammy Lee Medical and Health Science Magnet
3600 Council St
Distance between this listing and this school0.58 miles
Public Magnet Grades KG-5
Nearby Schools
3
/10
Camino Nuevo Charter Academy #2
3400 W 3rd St
Distance between this listing and this school0.39 miles
Public Charter Grades KG-8
5
/10
Citizens of the World Charter School Silver Lake
110 N Coronado St
Distance between this listing and this school0.42 miles
Public Charter Grades KG-8
6
/10
Rise Kohyang Middle School
3020 Wilshire Blvd Fl 2
Distance between this listing and this school0.50 miles
Public Charter Grades 6-8
Nearby Schools
4
/10
New Village Girls Academy
147 N Occidental Blvd
Distance between this listing and this school0.33 miles
Public Charter Grades 9-12
9
/10
Rise Kohyang High School
600 S La Fayette Park Pl Fl 3
Distance between this listing and this school0.33 miles
Public Charter Grades 9-12
2
/10
Harold Mcalister High (Opportunity)
611 S Carondelet St
Distance between this listing and this school0.43 miles
The neighbors living near this home have an average income of $36,132. Most Los Angeles, CA residents have annual incomes less than $35k. The majority of families are single, no kids. The majority of residents in this area have post secondary degree education.
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 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.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
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.
Los Angeles, CA housing market in October 2024 saw over 598 listings sold above listed price, more than 191 sold at listed price and over 753 sold below. The number of homes for sale in Los Angeles, CA increased by 11.2% between September 2024 and October 2024. Listings spent 38 days on the market in October 2024, and had a median list price of $1,023,474 during the same period.
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. 
Major League Soccer (MLS)
Major League Soccer (MLS)
Art Museums
Music Concerts
Banana Republic
Bloomingdales
H&M
Jack In The Box
Starbucks
Chipotle
Toyota
Audi
Volkswagen
Jazz
News
Rhythmic Contemporary Hits