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13-Bedroom Residential Income - 1069 N Oxford Avenue, Los Angeles, CA

$1,870,000

1069 N Oxford Avenue, Los Angeles, CA

1069 N Oxford Avenue, Los Angeles, CA 90029 - $1,870,000 · 13 bd 13 ba Multi-Family Home for Sale, photo 1 1069 N Oxford Avenue, Los Angeles, CA 90029 - $1,870,000 · 13 bd 13 ba Multi-Family Home for Sale, photo 2 1069 N Oxford Avenue, Los Angeles, CA 90029 - $1,870,000 · 13 bd 13 ba Multi-Family Home for Sale, photo 3 1069 N Oxford Avenue, Los Angeles, CA 90029 - $1,870,000 · 13 bd 13 ba Multi-Family Home for Sale, photo 4 1069 N Oxford Avenue, Los Angeles, CA 90029 - $1,870,000 · 13 bd 13 ba Multi-Family Home for Sale, photo 5
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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 $1,645/month against market rents of $2,150$2,717 and one unit carrying 66% upside to market. Offered at $1,870,000 ($187,000/unit | $239.87/SF) with a 6.43% in-place cap rate, the real story is what's underneath a 10.37% pro forma cap and 16.04% cash-on-cash return as rents normalize through turnover.

Property details

Bedrooms
13
Bathrooms
13
Square feet
7,796
Year built
1959
Property type
Residential Income
Lot size
9,019 sqft

Location

1069 N Oxford Avenue • Los Angeles, CA 90029

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Listed by

Taylor Avakian · Lyon Stahl Investment Real Estate, Inc.

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Listing courtesy of Lyon Stahl Investment Real Estate, Inc.. Information deemed reliable but not guaranteed.

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