1000 North Oxford Avenue

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Address: 1000 North Oxford Avenue, Los Angeles, CA 90029, USA
Created date: May 2, 2024
Date last updated: May 2, 2024

-SELLER MAY CARRY!

-Good CAP rate 5.23%

-Well maintained

-Tremendous rental upside!

-“Very Walkable”

Property Description

SELLER MAY CARRY! Charming 1920's property located in East Hollywood, near Santa Monica Blvd. and Western Ave. with very easy access to the 101 Freeway. The property is made up of 8 units, with a GREAT unit mix of Studios, 1+1's, and 2+1's. Six (6) out of Eight (8) units are separately metered for gas & electricity with Two (2) Units, (5337 & 5537 1/2) sharing a master meter. All units have separate H20 heaters! Some of the plumbing has been upgraded to copper. Some of the units have been tastefully updated and one unit was fully remodeled in 2023. The property boasts a 5.23% CAP rate and 13.42 GRM with tremendous rental upside! The neighborhood is deemed a "very walkable" neighborhood with a walk score of 92 out of 100! Less than half a mile from the new Echelon Studios Complex project of 550,000 SF of new production studio, office, and retail space set to be completed in 2026. The subject property is an excellent opportunity for a buyer looking to acquire a day one cash flow investment property. It has been well maintained by the current ownership. The subject property is located in the city of Los Angeles and is subject to rent control.

Key Property Information

Listing Status: Available
Listing Type: Highest & best offer
Property Types: Apartment Buildings
Price: $1,575,000
No. of Units: 8
Cap Rate: 5.23%
GRM /GIM: 13.42
Year Built: 1928
Building Size: 5,354 Sq ft
Lot Size: 4,200.00 Sq ft
No. of Stories: 2
Opportunity Zone: No
Price per unit: $196,875
Address: 1000 North Oxford Avenue, Los Angeles, CA 90029, USA

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