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Multifamily

975-985 Oxford Avenue

975 S Oxford Ave, Los Angeles, CA 90006

Listing Price: $11,950,000

Cap Rate
4.53%
Number of Units
60
Price/Unit
$199,167
Price/Gross SF
$626.08
Gross SF
19,087

Investment Overview

975-985 Oxford Ave is a unique investment opportunity to purchase 3 adjacent buildings totaling 60 apartment units. The assets are located in the heart of Koreatown on the corner of S Oxford Ave and Monette Pl providing easy access to Downtown LA and Hollywood. The three buildings total 24,204 SF and features a unit mix of 60 singles, the majority have been recently renovated with vinyl plank flooring, recessed lighting, new stainless-steel appliances, and updated kitchens and bathrooms. At the asking price, the property is being offered with minimal deferred maintenance required and strong in-place cash flow at a 12.71 GRM on current income.Additionally, there is a RUBS program in-place and community laundry offering investors significant additional income. High Walk Score of 97, close proximity to schools, employment, and transit options, this location makes it convenient for residents to commute throughout the city even without a vehicle. Koreatown is one of the densest neighborhoods in Los Angeles, with about 120,000 people. With an estimated $1 billion invested in the development of Koreatown since the early 2000s and various development projects taking place, Koreatown remains one of the best areas to invest in.

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 in the heart of Koreatown just east of Western Ave
  • 60 single units, 56 of them have been renovated with vinyl plan flooring, recessed lighting, new stainless-steel appliances, and updated kitchens and bathrooms
  • Strong cash flow at a 12.71 GRM on current income with minimal deferred maintenance
  • Secure, gated entry for all buildings; RUBS program in-place for an investor to be reimbursed for operating expenses as well as community laundry adds significant additional income for an investor
  • Rare opportunity to acquire a sizeable asset with proven renovation program and market rent located in one of the strongest rental submarkets in all of Los Angeles with continued rent growth year-over-year
  • High Walk Score of 97, close proximity to schools, employment, and transit options, this location makes it convenient for residents to commute throughout the city even without a vehicle
  • Koreatown is one of the densest neighborhoods in Los Angeles, with about 120,000 people. With an estimated $1 billion invested in the development of Koreatown since the early 2000s and various development projects taking place, Koreatown remains one of the best areas to invest in

Exclusively Listed By

Financing By

Multifamily

975-985 Oxford Avenue

Listing Price: $11,950,000

Cap Rate
4.53%
Number of Units
60
Price/Unit
$199,167
Price/Gross SF
$626.08
Gross SF
19,087

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 in the heart of Koreatown just east of Western Ave
  • 60 single units, 56 of them have been renovated with vinyl plan flooring, recessed lighting, new stainless-steel appliances, and updated kitchens and bathrooms
  • Strong cash flow at a 12.71 GRM on current income with minimal deferred maintenance
  • Secure, gated entry for all buildings; RUBS program in-place for an investor to be reimbursed for operating expenses as well as community laundry adds significant additional income for an investor
  • Rare opportunity to acquire a sizeable asset with proven renovation program and market rent located in one of the strongest rental submarkets in all of Los Angeles with continued rent growth year-over-year
  • High Walk Score of 97, close proximity to schools, employment, and transit options, this location makes it convenient for residents to commute throughout the city even without a vehicle
  • Koreatown is one of the densest neighborhoods in Los Angeles, with about 120,000 people. With an estimated $1 billion invested in the development of Koreatown since the early 2000s and various development projects taking place, Koreatown remains one of the best areas to invest in

Investment Overview

975-985 Oxford Ave is a unique investment opportunity to purchase 3 adjacent buildings totaling 60 apartment units. The assets are located in the heart of Koreatown on the corner of S Oxford Ave and Monette Pl providing easy access to Downtown LA and Hollywood. The three buildings total 24,204 SF and features a unit mix of 60 singles, the majority have been recently renovated with vinyl plank flooring, recessed lighting, new stainless-steel appliances, and updated kitchens and bathrooms. At the asking price, the property is being offered with minimal deferred maintenance required and strong in-place cash flow at a 12.71 GRM on current income.Additionally, there is a RUBS program in-place and community laundry offering investors significant additional income. High Walk Score of 97, close proximity to schools, employment, and transit options, this location makes it convenient for residents to commute throughout the city even without a vehicle. Koreatown is one of the densest neighborhoods in Los Angeles, with about 120,000 people. With an estimated $1 billion invested in the development of Koreatown since the early 2000s and various development projects taking place, Koreatown remains one of the best areas to invest in.

Exclusively Listed By

Financing By

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