Your email has been sent.
203 N Oxford Ave 0.16 Acres of Residential Land Offered at $1,890,000 in Los Angeles, CA 90004
INVESTMENT HIGHLIGHTS
- 27 of the 30 units are market rate, with 3 units set aside for Extremely Low-Income households per TOC requirements
- 24 one-bedroom and 6 two-bedroom units, optimized to maximize rent per square foot and appeal to a broad tenant base.
- 18 total parking spaces across a two-level garage
- Shovel Ready: Permits ready to issue for a fully entitled TOC Tier 3 project
- 7-story, 30-unit multifamily development which includes 6-level of residential with parking
- One mile from Paramount Studios and the 101 Freeway — Near Beverly Blvd-Western Ave Transit Corridor
EXECUTIVE SUMMARY
The planned development includes six levels of residential over a ground-level parking garage and one level of subterranean parking, offering a total of 18 parking spaces. There are no relocation costs. The project benefits from reduced parking requirements under TOC guidelines.
The unit mix—24 one-bedroom units and 6 two-bedroom units—is designed for maximum efficiency and rental performance. Three units are designated as Extremely Low-Income, supporting TOC entitlement benefits, while the remaining 27 units will be delivered at market rate. The location commands premium rents, with new construction in the area achieving rates north of $4.00 per square foot.
With a price per buildable door of just $63,000 and a land price of approximately $263.78 per square foot, this offering represents one of the most cost-effective shovel ready opportunities in a high-demand submarket. There are no relocation costs.
Strategically located near Koreatown and Hollywood—just one mile from Paramount Studios and the 101 Freeway—the site boasts a Walk Score of 90+ and excellent access to the Beverly Blvd-Western Ave Transit Corridor.
This is a rare opportunity for developers to acquire a shovel-ready site in one of Los Angeles’ most dynamic and transit-rich corridors.
PROPERTY FACTS
| Price | $1,890,000 | Property Subtype | Residential |
| Sale Type | Investment | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 0.16 AC |
| Property Type | Land | No. Stories | 2 |
| Zoning | R4 TOC Tier 3 - R4 TOC Tier 3 | ||
| Price | $1,890,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 0.16 AC |
| No. Stories | 2 |
| Zoning | R4 TOC Tier 3 - R4 TOC Tier 3 |
1 LOT AVAILABLE
Lot
| Price | $1,890,000 | Lot Size | 0.16 AC |
| Price Per AC | $11,495,161.69 |
| Price | $1,890,000 |
| Price Per AC | $11,495,161.69 |
| Lot Size | 0.16 AC |
±7,162.6 square foot parcel zoned R4 and TOC Tier
DESCRIPTION
Maher Commercial Realty is pleased to present an exceptional multifamily development opportunity at 203 N. Oxford Ave, located in the vibrant heart of Los Angeles. Zoned R4 and TOC Tier 3, this ±7,162.6 square foot parcel will be delivered with Ready-to-Issue (RTI) permits for the construction of a 7-story, 30-unit multifamily building totaling 31,545 square feet. The planned development includes six levels of residential over a ground-level parking garage and one level of subterranean parking, offering a total of 18 parking spaces. The project benefits from reduced parking requirements under TOC guidelines. The unit mix—24 one-bedroom units and 6 two-bedroom units—is designed for maximum efficiency and rental performance. Three units are designated as Extremely Low-Income, supporting TOC entitlement benefits, while the remaining 27 units will be delivered at market rate. The location commands premium rents, with new construction in the area achieving rates north of $4.00 per square foot. With a price per buildable door of just $63,000 and a land price of approximately $263.78 per square foot, this offering represents one of the most cost-effective shovel ready opportunities in a high-demand submarket. Strategically located near Koreatown and Hollywood—just one mile from Paramount Studios and the 101 Freeway—the site boasts a Walk Score of 90+ and excellent access to the Beverly Blvd-Western Ave Transit Corridor. This is a rare opportunity for developers to acquire a shovel-ready site in one of Los Angeles’ most dynamic and transit-rich corridors.
Presented by
203 N Oxford Ave
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.