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Stabilized Hollywood Building with Upside 852 N Oxford Ave 8 Unit Apartment Building $2,095,000 ($261,875/Unit) Los Angeles, CA 90029
Investment Highlights
- Solid 5.5% existing cap rate with upside to 6.6%
- ADU plans previously RTI, providing head start for large additional unit
- Walkable Hollywood location near Transit and Studios
Executive Summary
Attractive 8-unit Hollywood apartment asset currently operating at a 5.5% cap rate with a clear, low-execution path to a 6.6% pro forma cap through operational improvements. Ideally located just north of Melrose Avenue in a high-demand, walkable rental pocket near major employment centers, transit, hospitals, and significant ongoing development. Multiple tenants pay separate parking fees that are not subject to rent control and are currently below market, offering immediate NOI upside. Former RTI ADU plans (expired but easily re-approved), and a large basement create additional potential for future rental or storage income (buyer to verify). Excellent curb appeal, well-maintained common areas, and a scalable operational profile. A rare opportunity to acquire a small-scale Hollywood asset with real cash flow today and multiple built-in value-add levers.
Property Facts
| Price | $2,095,000 | Apartment Style | Low-Rise |
| Price Per Unit | $261,875 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| No. Units | 8 | Building Size | 5,017 SF |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1923 |
| Zoning | LAR1 - restricted Density Multiple Dwelling | ||
| Price | $2,095,000 |
| Price Per Unit | $261,875 |
| Sale Type | Investment |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 5,017 SF |
| No. Stories | 2 |
| Year Built | 1923 |
| Zoning | LAR1 - restricted Density Multiple Dwelling |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Range
- Tub/Shower
- Freezer
Site Amenities
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | - |
| 1+1 | 4 | - | - |
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5535-027-004 | Improvements Assessment | $536,344 |
| Land Assessment | $979,058 | Total Assessment | $1,515,402 |
Property Taxes
Parcel Number
5535-027-004
Land Assessment
$979,058
Improvements Assessment
$536,344
Total Assessment
$1,515,402
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Stabilized Hollywood Building with Upside | 852 N Oxford Ave
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