823 S Oxford Ave Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90005
Key Details
Property Type Multi-Family
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,139 sqft
Price per Sqft $369
MLS Listing ID 25503837
Bedrooms 8
Year Built 1950
Lot Size 0.268 Acres
Acres 0.2683
Property Sub-Type Multi-Family
Property Description
Welcome to 823 S Oxford Ave, a well-maintained 16-unit multifamily property in the heart of Koreatown, one of Los Angeles' most dynamic and rapidly growing neighborhoods. This gated building features private access, seven designated parking spaces, and a storage unit. With an attractive unit mix of eight 1-bed/1-bath and eight studio apartments, this fully occupied property offers immediate cash flow with an in-place cap rate of 4.75%. The low-maintenance nature of the building, combined with significant rental upside and potential for ADUs utilizing the storage unit, presents a compelling value-add opportunity for investors.Tenants enjoy walking-distance access to Koreatown's top restaurants, bars, entertainment, and cultural attractions. Known for its rich history, vibrant nightlife, and world-renowned food scene, Koreatown is home to a diverse mix of cultures, flavors, and experiences. From authentic Korean BBQ spots to Latin-fusion eateries and trendy gastropubs, this neighborhood is a prime destination for Angelenos and visitors alike. Don't miss this rare opportunity to own a well-kept asset in one of LA's most sought-after rental markets. Contact us today for more information.
Location
State CA
County Los Angeles
Area Mid-Wilshire
Zoning LAR4
Rooms
Other Rooms Shed(s)
Interior
Heating Wall Gas
Cooling None
Equipment None
Laundry Laundry Area
Exterior
Parking Features Private, Uncovered
Garage Spaces 7.0
Building
Story 2
Level or Stories Two
Others
Special Listing Condition Standard