1069 N Oxford Ave 10 Unit Apartment Building $1,950,000 ($195,000/Unit) 5.93% Cap Rate Los Angeles, CA 90029

1069 N Oxford Ave is a 10-unit multifamily value-add opportunity offered at $1,950,000 ($195,000/unit | $250.13/SF) near Larchmont Village — one of Los Angeles' most supply-constrained and renter-driven submarkets. Built in 1959 on a 9,017 SF lot, the property features a balanced mix of seven one-bedroom/one-bath and three two-bedroom/two-bath residences, each averaging 780 SF across 7,796 SF of building area. With all ten units currently occupied and generating $16,121 in monthly gross rent, the asset delivers immediate cash flow from close of escrow at a 5.93% in-place cap rate and a 1.24x debt service coverage ratio. Current rents average $1,612 per unit against market rents of $2,150–$2,717 — a 44% average discount representing approximately $77,000 in annual NOI growth achievable entirely through natural tenant turnover, with no capital improvement program required. One unit currently sits 66% below market rent — the single largest upside opportunity in the portfolio. Subject to the Los Angeles Rent Stabilization Ordinance, the incoming owner captures rent increases systematically at each vacancy — building toward stabilization one turnover at a time. At full market rents, NOI grows from $115,666 to $192,980, delivering a 9.90% pro forma cap rate, a 7.00 GRM, and a 14.48% cash-on-cash return on conventional financing. The property's separately metered electric and gas shift utility costs to residents, keeping pro forma expenses at just 27.04% of EGI — well below typical multifamily benchmarks. With 13 on-site parking spaces in a dense urban corridor where parking commands a premium, the asset is well-positioned for long-term occupancy stability and rent growth.