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975-985 S Oxford Ave
Los Angeles, CA 90006
Oxford I · Multifamily Property For Sale
·
60 Units
Investment Highlights
- 975-985 Oxford Ave is a unique investment opportunity of three adjacent buildings on the corner of S Oxford Ave and Monette Pl
- Strong cash flow at a 4.53% CAP rate on current income with minimal deferred maintenance & community laundry
- Rare opportunity to acquire a sizeable asset with proven renovation program and market rent located in one of the strongest rental submarkets
- 60 single units, 56 of them have been renovated with vinyl plank flooring, recessed lighting, new stainless-steel appliances, updated kitchens / bath
- Secure, gated entry for all buildings; RUBS program in-place for an investor to be reimbursed for operating expenses
- High Walk Score of 97, close proximity to schools, employment, and transit options, this location makes it convenient for residents to commute
Property Facts
| No. Units | 60 | Lot Size | 1.59 AC |
| Property Type | Multifamily | Building Size | 65,204 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1920 |
| Zoning | R4-2, Los Angeles | ||
| No. Units | 60 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 1.59 AC |
| Building Size | 65,204 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1920 |
| Zoning | R4-2, Los Angeles |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Property Manager on Site
- Security System
- Vintage Building
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 60 | - | 400 |
Property Taxes
| Parcel Numbers | Improvements Assessment | $2,537,252 | |
| Land Assessment | $7,956,270 | Total Assessment | $10,493,522 |
Property Taxes
Parcel Numbers
Land Assessment
$7,956,270
Improvements Assessment
$2,537,252
Total Assessment
$10,493,522
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