1069 N Oxford Avenue, Los Angeles, CA 90029

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Propiedad de renta Activa

1069 N Oxford Avenue

$1,950,000

Descripción general

ID de la propiedad: HZ26850059

13
Habitaciones

0
Bathroom

7796
Sq Ft

1959
Año de construcción

Descripción

1069 N Oxford Ave | 10-Unit Value-Add Multifamily near Larchmont Village. 1959-built asset totaling 7,796 SF on a 9,017 SF LARD1.5 lot, one block from the Hancock Park border in one of Los Angeles’ most renter-driven submarkets. The property features a (7) 1-bed / 1-bath and (3) 2-bed / 2-bath unit mix averaging 780 SF with 13 on-site parking spaces a premium amenity in this dense urban corridor. Every unit is currently occupied and every unit is below market, with in-place rents averaging $1,612/month against market rents of $2,150$2,717 and one unit sitting 66% below market. Offered at $1,950,000 ($195,000/unit | $250.13/SF) with a 5.93% in-place cap rate, the real story is what’s underneath a 9.90% pro forma cap and 14.48% cash-on-cash return as rents normalize through turnover.