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$ 1,950,000
Est. payment /mo
Price Dropped by $150K
1069 N Oxford AVE Los Angeles, CA 90029
13 Beds
13 Baths
7,796 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 7,796 sqft
Price per Sqft $250
MLS Listing ID 26850059
Bedrooms 13
HOA Y/N No
Year Built 1959
Lot Size 9,016 Sqft
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.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD1.5
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Total Parking Spaces 13
Building
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5536023021
Special Listing Condition Standard
Listed by Taylor Avakian Lyon Stahl Investment Real Estate, Inc. #02060040
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