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… Read More studio apartments, this fully occupied property offers immediate cash flow with an in-place cap rate of 5.66%. 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. Read Less
Property listed by Link Brokerages, Andrew Malekie 310-695-6510
Listing Snapshot
Days Online
61
Last Updated
Property Type
Other
Beds
8
Square Ft.
10,139
Lot Size
0.27 Acres
Year Built
1950
MLS Number
25503837
30 Days Snapshot Of 90005
$933k
+7%
(avg) sold price
5
+66%
homes sold
79
+51%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1950, Building area total: 10,139, Levels: Two, Living area: 10139, 2 stories, 1 building
Cooling
None
Income
Gross income: $256,026, Net operating income: $175,201
Lot
0.2683 acres, 11,687 square feet, Size: 11,687
Parking
7 totals parking, Private, Uncovered
Property
Zoning: LAR4
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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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