1069 N Oxford Avenue
Property Overview
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.
Home Details
- Property type
- Residential Income
- Year built
- 1959
- Living area
- 7,796 sq ft
- Lot size
- 9,019 sq ft
- Parking
- 13 spaces
- Days on market
- 33
- MLS status
- Active
- Zoning
- LARD1.5
Features & Amenities
Parking
- Driveway
Community, Schools & Utilities
Utilities
- Heating
- None
- Cooling
- None
Location & Neighborhood
Frequently Asked Questions About 1069 N Oxford Avenue
Property type: Residential Income
What clients say
“Reza was the best agent we have ever worked with.”Russell & Susan McQueen
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