1069 N Oxford Avenue, Los Angeles, CA 90029
- $1,950,000
- 13
- BD
- 13
- BA
- 7,796
- SqFt
- List Price
- $1,950,000
- Price Change
- ▼ $150,000 1784756444
- Status
- ACTIVE
- MLS#
- 26850059
- Year Built
- 1959
- Bedrooms
- 13
- Bathrooms
- 13
- Living Sq. Ft
- 7,796
- Lot Size
- 9,019
- Acres
- 0.21
- Days on Market
- 39
- Property Type
- Multifamily
- Stories
- Multi Level
Property Description
1069 N Oxford Ave | 10-Unit Value-Add Multifamily near Larchmont Village. 1959-built asset totaling 7,796 SF on a 9,017 SF LARD1.5 lot, one block from the Hancock Park border in one of Los Angeles' most renter-driven submarkets. The property features a (7) 1-bed / 1-bath and (3) 2-bed / 2-bath unit mix averaging 780 SF with 13 on-site parking spaces a premium amenity in this dense urban corridor. Every unit is currently occupied and every unit is below market, with in-place rents averaging $1,612/month against market rents of $2,150$2,717 and one unit sitting 66% below market. Offered at $1,950,000 ($195,000/unit | $250.13/SF) with a 5.93% in-place cap rate, the real story is what's underneath a 9.90% pro forma cap and 14.48% cash-on-cash return as rents normalize through turnover.
Additional Information
- Heat
- None
- Cooling Description
- None
- Attached Structure
- Detached
- Number Of Units Total
- 10
Listing courtesy of Listing Agent: Taylor Avakian (taylor@lyonstahl.com) from Listing Office: Lyon Stahl Investment Real Estate, Inc..
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