1069 N Oxford Ave
LOS ANGELES, CA 90029

Property

Ownership: For Sale
Bedrooms: 13 BR
Bathrooms: 13
Area: 9019 sq ft
Lot Size: 0.2 Acres

Financials

Price:$2,100,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Lyon Stahl Investment Real Estate, Inc.

1069 N Oxford Ave 13BR La

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 $1,612/month against market rents of $2,150$2,717 and one unit sitting 66% below market. Offered at $2,100,000 ($210,000/unit | $269.37/SF) with a 5.42% in-place cap rate, the real story is what's underneath a 9.10% pro forma cap and 12.79% cash-on-cash return as rents normalize through turnover.

CLAW

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.