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975 S Oxford Ave

Los Angeles, CA 90006
  • $11,950,000
  • STATUS: Active
  • ON SITE: 37 Days
  • MLS #: 22-146001
UPDATED: 181 min ago
$11,950,000
  • 0
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 24,204
    SQFT
  • $494
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1920
County:
Area:

School Ratings & Info

Description

APN's: 5080-008-006, 5080-008-007, 5080-008-008. 975-985 Oxford Ave is a unique investment opportunity to purchase 3 adjacent buildings totaling 60 apartment units. The assets are located in the heart of Koreatown on the corner of S Oxford Ave and Monette Pl providing easy access to Downtown LA and Hollywood. The three buildings total 24,204 SF and features a unit mix of 60 singles, the majority have been recently renovated with vinyl plank flooring, recessed lighting, new stainless-steel appliances, and updated kitchens and bathrooms. At the asking price, the property is being offered with minimal deferred maintenance required and strong in-place cash flow at a 4.53% CAP rate on current income. Additionally, there is a RUBS program in-place and community laundry offering investors significant additional income. High Walk Score of 97, close proximity to schools, employment, and transit options, this location makes it convenient for residents to commute throughout the city even without a vehicle. Koreatown is one of the densest neighborhoods in Los Angeles, with about 120,000 people. With an estimated $1 billion invested in the development of Koreatown since the early 2000s and various development projects taking place, Koreatown remains one of the best areas to invest in.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-20T23:43:00.543. 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. Properties may or may not be listed by the office/agent presenting the information.
www.searchdesertrealestate.com/homes/127662031
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975 S Oxford Ave Los Angeles, CA 90006

  • Price: $11,950,000
  • Status: Active
  • On Site: 37 Days
  • Updated: 181 min ago
  • MLS #: 22-146001
0
Beds
0
Baths
0
½ Baths
N/A
Acres
24,204
SQFT
$494
$/SQFT
1920
Built
Neighborhood:
Mid-Wilshire
County:
Los Angeles
Area:
Mid-Wilshire
Property Description
APN's: 5080-008-006, 5080-008-007, 5080-008-008. 975-985 Oxford Ave is a unique investment opportunity to purchase 3 adjacent buildings totaling 60 apartment units. The assets are located in the heart of Koreatown on the corner of S Oxford Ave and Monette Pl providing easy access to Downtown LA and Hollywood. The three buildings total 24,204 SF and features a unit mix of 60 singles, the majority have been recently renovated with vinyl plank flooring, recessed lighting, new stainless-steel appliances, and updated kitchens and bathrooms. At the asking price, the property is being offered with minimal deferred maintenance required and strong in-place cash flow at a 4.53% CAP rate on current income. Additionally, there is a RUBS program in-place and community laundry offering investors significant additional income. High Walk Score of 97, close proximity to schools, employment, and transit options, this location makes it convenient for residents to commute throughout the city even without a vehicle. Koreatown is one of the densest neighborhoods in Los Angeles, with about 120,000 people. With an estimated $1 billion invested in the development of Koreatown since the early 2000s and various development projects taking place, Koreatown remains one of the best areas to invest in.
Exterior Features

Lot Size Area 19087 Other Structures None Parking Garage None Pool Description None Pool YN No Spa None Spa YN No Total Parking 0

Interior Features

Baths Total 60.00 Cooking Appliances OvenCooktop - Gas Cooling Window Unit(S)Other Equipment Range/OvenRefrigerator Heating Natural Gas Laundry Community

Property Features

Gross Income 940243 Gross Operating Income 893231 Like Units1 60 Net Operating Income 541680.00 Number Of Buildings 3 Number Of Units 60 Sale Type Standard Source Living Area Other Source Lot Size Area Other Total Annual Expense 351551 Type Of Units Apartments Year Built Source Other

Listing provided courtesy of Neema Ahadian DRE#01346750 of Marcus & Millichap.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-20T23:43:00.543. 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. Properties may or may not be listed by the office/agent presenting the information.
 
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