Back to Search Nalren

$11,000,000

FOR SALE
Active

1110 1124 S Oxford Street

Los Angeles, CA

MLS# GD26235059

Apartment
5 days on marketNalren refreshed

Listing Agent

Kirk Garabedian

Listing Agent

Keller Williams R. E. Services

DRE #: 01216376

(818) 298-8810

Brokerage: Keller Williams R. E. Services

Property Details

N/A

Bedrooms

N/A

Bathrooms

N/A

Square Feet

2021

Year Built

0.75 acres

Lot Size

N/A

Price/Sq Ft

32

Garage Spaces

N/A

HOA

Apartment

Property Type

Description

Exceptional investment opportunity to acquire the Oxford & 11th Street Portfolio, consisting of 24 residential units within 12 duplex buildings situated on three separate assessor parcels in Los Angeles. The portfolio encompasses approximately 35,240 square feet of building area on 32,677 square feet of land, featuring 108 rentable bedrooms and 48 on-site parking spaces, providing a ratio of two parking spaces per residential unit. All three parcels are offered exclusively as one portfolio and must be purchased together; individual parcel sales will not be considered. The portfolio consists of: (1) 1110–1116 S. Oxford Avenue (APN 5080-013-051), featuring 8 units within 4 duplex buildings, approximately 11,920 SF of improvements on 10,941 SF of land, with 16 parking spaces; (2) 1118–1124 S. Oxford Avenue (APN 5080-013-052), featuring 8 units within 4 duplex buildings, approximately 11,920 SF of improvements on 10,921 SF of land, with 16 parking spaces; and (3) 3122–3128½ W. 11th Street (APN 5080-013-053), featuring 8 units within 4 duplex buildings, approximately 11,400 SF of improvements on 10,815 SF of land, with 16 parking spaces. The portfolio currently generates approximately $527,000 in annual scheduled rental income at approximately 40% leased-bedroom occupancy, presenting significant upside through lease-up and rental optimization. At 100% occupancy and projected market rents, annual rental income is estimated to reach $1,422,000. The portfolio offers a potential stabilized NOI of $997,750, representing a 9.07% pro forma capitalization rate at the $11,000,000 portfolio asking price. This offering presents a compelling value-add investment opportunity with substantial income growth potential. Sale is contingent upon the concurrent purchase and closing of all three parcels. All property information, square footage, unit and bedroom counts, parking, occupancy, income, expenses, permitted uses, and financial projections are approximate and subject to independent verification.

Facts & Features

Interior

Laundry Features
In-Unit Laundry

Exterior

Private Pool
No

Building

Year Built
2021
Building Area Total
35,240
Levels
Three Or More
Stories Total
4

Utilities

Sewer
Public Sewer
Water Source
Public

Parking

Garage Spaces
32
Parking Total
48

Community / HOA

HOA
No
Association Fee
$0

Similar Listings

Recent sales near 1110 1124 S Oxford Street

Closed sales reported in 90006, nearest first, last 12 months. All recent sales in Los Angeles →