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42 Units | 2022 New Construction | RSO-Exempt 660 N Oxford Ave 42 Unit Apartment Building For Sale Los Angeles, CA 90004



Investment Highlights
- 2022-Vintage Class A Asset with Immediate Lease-Up Upside - Currently 52% occupied, Solaire Oxford provides the ability to lease 20 remaining units.
- Solaire Oxford Unit Mix is a Leasing Advantage - Limited-supply 3-, 4-, and 5-bedroom floorplans provide an advantage as homebuyers are priced out.
- $0 Deferred Capital Day One - Built in 2022, Solaire Oxford offers a clean physical profile with no required unit renovations or legacy RSO burden.
- Middle Market New Construction/RSO Exempt - RSO-exempt new construction offers exposure to rent growth without legacy rent-control constraints.
- Located in Fast-Emerging Melrose Hill - Two blocks west of Melrose and Western, the Property's 97 Walk Score provides access to dining and retail.
- Double-Digit Rent Growth Projected for East Hollywood - East Hollywood is projected to generate 15.67% rent growth over the next five years.
Executive Summary
Solaire Oxford is a 42-unit Class A multifamily community located in the heart of Melrose Hill, one of Los Angeles’ fastest-evolving neighborhoods and a market gaining national attention after being featured by the New York Post as one of L.A.’s hottest walkable art and dining destinations. Completed in 2022 and designed by The Albert Group Architects, Solaire Oxford delivers a bold, contemporary residential experience, featuring cutting-edge design, high-end finishes, in-unit laundry, large-format floorplans, rooftop and courtyard gathering spaces, and on-site parking, offering investors the rare opportunity to acquire a best-in-class asset at a significant discount to replacement cost and the potential to achieve value-add returns through completion of the lease-up.
Anchored by its proximity to Paramount Studios and situated within commuting distance of Hollywood’s broader media and entertainment employment corridor, Melrose Hill draws a deep, professionally employed renter base with the income profile to support sustained rent growth and long-term appreciation. Yet despite its emergence as a premier live-work destination in the urban core, yields have not yet caught up to the quality of the submarket, creating a compelling entry point for investors.
**Please fill out the Confidentiality Agreement and email the listing agent the executed document to gain access to the OM.
Anchored by its proximity to Paramount Studios and situated within commuting distance of Hollywood’s broader media and entertainment employment corridor, Melrose Hill draws a deep, professionally employed renter base with the income profile to support sustained rent growth and long-term appreciation. Yet despite its emergence as a premier live-work destination in the urban core, yields have not yet caught up to the quality of the submarket, creating a compelling entry point for investors.
**Please fill out the Confidentiality Agreement and email the listing agent the executed document to gain access to the OM.
Data Room Click Here to Access
- Confidentiality Agreement
Property Facts
| Sale Type | Investment | Lot Size | 0.31 AC |
| No. Units | 42 | Building Size | 49,982 SF |
| Property Type | Multifamily | Average Occupancy | 52% |
| Property Subtype | Apartment | No. Stories | 7 |
| Apartment Style | Mid-Rise | Year Built | 2022 |
| Building Class | B | Parking Ratio | 0.48/1,000 SF |
| Zoning | C2-1 | ||
| Sale Type | Investment |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Building Class | B |
| Lot Size | 0.31 AC |
| Building Size | 49,982 SF |
| Average Occupancy | 52% |
| No. Stories | 7 |
| Year Built | 2022 |
| Parking Ratio | 0.48/1,000 SF |
| Zoning | C2-1 |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Balcony
- Washer/Dryer
- Heating
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Tub/Shower
- Views
- Wi-Fi
- Deck
- Freezer
- Patio
Site Amenities
- 24 Hour Access
- Business Center
- Controlled Access
- Furnished Units Available
- Grill
- Media Center/Movie Theatre
- Package Service
- Recycling
- Wi-Fi
- Roof Terrace
- Bicycle Storage
- Car Charging Station
- Elevator
- Lounge
- Multi Use Room
- Private Bathroom
- Key Fob Entry
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 9 | - | 320 - 388 |
| 3+2 | 6 | - | 876 - 1,079 |
| 3+3 | 4 | - | 1,133 - 1,135 |
| 4+3 | 2 | - | 1,223 |
| 4+4 | 11 | - | 1,135 - 1,264 |
| 5+4 | 6 | - | 1,439 |
| 5+5 | 4 | - | 1,491 |
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Very walkable
80/100
Exceptionally drivable
100/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5521-003-052 | Improvements Assessment | $9,200,673 |
| Land Assessment | $5,120,120 | Total Assessment | $14,320,793 |
Property Taxes
Parcel Number
5521-003-052
Land Assessment
$5,120,120
Improvements Assessment
$9,200,673
Total Assessment
$14,320,793
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42 Units | 2022 New Construction | RSO-Exempt | 660 N Oxford Ave
