975 S Oxford AVE

LOS ANGELES, CA, 90006

$11,950,000

$493 per ft²
$11,950,000
$493 per ft²
Active
Active
 - For Sale
baths
60 Baths
carpenters-square
24,204 ft²
property_type
Multi-family
calendar
Built 1920
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.
MLS® ID:
22-146001
Listed:
4/3/22
Updated:
7/3/22

Interior Features

Kitchen Appliances
Oven, Cooktop - Gas
Total Bedrooms
0
Total Bathrooms
60
Laundry Description
Community
Cooling
Window Unit(s), Other
Heating
Natural Gas

Exterior/Building Features

Lot Size
0.44 acres lot

Other Property Details

Garage
No
Parking
None
View
N
County
Los Angeles
Pool
No
Pool Description
None
Total Stories
2

 

Courtesy of Neema Ahadian, Marcus & Millichap

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Rory Posin shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2022 Combined L.A./Westside MLS. All rights reserved.

Data last updated 7/3/22

Contact