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    127 S Oxford Avenue

    Los Angeles, CA 90004
    • $1,890,000
    • STATUS: Active
    • ON SITE: 24 days
    • ID#: P1-5664
    UPDATED: 61 min ago
    $1,890,000
    • 0
      BEDS
    • 0.16
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 4,480
      SQFT
    • $422
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1953
    County:

    School Ratings & Info

    Description

    This two-story apartment complex is in excellent location between the Hancock Park and Mid-Wilshire areas, conveniently located approximately 5 miles from Downtown Los Angeles and is situated at one of the best multi-family development sites in Mid-Wilshire, Koreatown. Moments away from major public transportation connections (Western Metro Red line are within five blocks south of the subject property) and freeways, grocery stores and shopping (Wilshire and Western Avenue from Olympic Boulevard to Beverly Boulevard, along with 6th Street from Western to Vermont are considered as the prime retail core of the Mid-Wilshire Koreatown), new luxury condos and neighborhood schools. Total 8 one-bedroom, one-bath units, some units are remodeled, 4% CAP rate (with new property tax) with great upside potential. The adjacent complex (121 S. Oxford Ave.) is also for sale, total lot size is approximately 14,318 sqft. (100' x 143') and is under LAR4 zoning allowing total 35 units. PLEASE DRIVE BY ONLY, DO NOT DISTURB TENANTS!

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    Based on information from CRISNet MLS as of 2021-08-03T22:56:09.623. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-08-03T22:56:09.623. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.theparsonsrealestateteam.com/homes/119184860
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    127 S Oxford Avenue Los Angeles, CA 90004

    • Price: $1,890,000
    • Status: Active
    • Updated: 61 min ago
    • ID#: P1-5664
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.16
    Acres
    4,480
    SQFT
    $422
    $/SQFT
    1953
    Built
    Neighborhood:
    Not Applicable
    County:
    Los Angeles
    Area:
    C17 - Mid-Wilshire
    Property Description
    This two-story apartment complex is in excellent location between the Hancock Park and Mid-Wilshire areas, conveniently located approximately 5 miles from Downtown Los Angeles and is situated at one of the best multi-family development sites in Mid-Wilshire, Koreatown. Moments away from major public transportation connections (Western Metro Red line are within five blocks south of the subject property) and freeways, grocery stores and shopping (Wilshire and Western Avenue from Olympic Boulevard to Beverly Boulevard, along with 6th Street from Western to Vermont are considered as the prime retail core of the Mid-Wilshire Koreatown), new luxury condos and neighborhood schools. Total 8 one-bedroom, one-bath units, some units are remodeled, 4% CAP rate (with new property tax) with great upside potential. The adjacent complex (121 S. Oxford Ave.) is also for sale, total lot size is approximately 14,318 sqft. (100' x 143') and is under LAR4 zoning allowing total 35 units. PLEASE DRIVE BY ONLY, DO NOT DISTURB TENANTS!
    Exterior Features

    Fence YN Yes Fencing Brick Levels Two Lot Features Sprinklers None Lot Size Area 7160.0000 Parking Total 0.00 View None View YN No

    Interior Features

    Appliances Gas Range Appliances YN Yes Common Walls No Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes Fireplace Features None Fireplace YN No Laundry Features Community Laundry YN Yes

    Property Features

    Community Features Urban Fuel Expense 1500.00 Gross Income 111880.00 Gross Multiplier 16.90 Gross Scheduled Income 111880.00 Insurance Expense 2500.00 Land Lease YN No Laundry Income 1600.00 Net Operating Income 74165.00 Number Of Separate Electric Meters 9 Number Of Separate Gas Meters 9 Number Of Separate Water Meters 1 Number Of Units Leased 8 Operating Expense 37715.00 Pool Features None Pool Private YN No Professional Management Expense 0.00 Property Attached YN No Property Sub Type Apartment Rent Control YN Yes Senior Community YN No Sewer Public Sewer Spa Features None Spa YN No Special Listing Conditions Standard Subdivision Name Other Not Applicable Total Expenses 15980.00 Trash Expense 4200.00 Water Sewer Expense 7000.00 Water Source Public Zoning Lar4

    Listing provided courtesy of Calvin Lo, CA DRE# , of Berkshire Hathaway Homeservices California Properties.


    Based on information from CRISNet MLS as of 2021-08-03T22:56:09.623. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

    The information being provided by the CSMAR MLS is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties the visitor may be interested in purchasing. The data contained herein is copyrighted by CSMAR or one of CSMAR's datashare partners, and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Any property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the CSMAR MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. The accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.

    Based on information from the i-Tech MLS as of 2021-08-03T22:56:09.623. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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