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Property Detail

Property Detail

Property Detail

975 Oxford, Los Angeles, CA 90006

975 Oxford, Los Angeles, CA 90006

$11,950,000 LOGIN TO SAVE

Bedrooms: 0

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Bathrooms: 0

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Area: 0 SqFt.

    Description

    APN's: 5080-008-006, 5080-008-007, 5080-008-008. 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 4.53% CAP rate 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.

    Features​

    • 0.44 Acres
    • 2 Stories

    Steve and Diana Lincoln

    Call or Text Steve: (760) 707-6033​​​​​​​​​​​​​​

    ​​​​​​​Call or Text Diana: (760) 707-6034

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    Contact

    CA DRE #01870580

    6965 El Camino Real 105-690, Carlsbad CA 92009

    877.692.8427

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    This information is deemed reliable but not guaranteed. You should rely on this information only to decide whether or not to further investigate a particular property. BEFORE MAKING ANY OTHER DECISION, YOU SHOULD PERSONALLY INVESTIGATE THE FACTS (e.g. square footage and lot size) with the assistance of an appropriate professional. You may use this information only to identify properties you may be interested in investigating further. All uses except for personal, non-commercial use in accordance with the foregoing purpose are prohibited. Redistribution or copying of this information, any photographs or video tours is strictly prohibited. This information is derived from the Internet Data Exchange (IDX) service provided by Sandicor®. Displayed property listings may be held by a brokerage firm other than the broker and/or agent responsible for this display. The information and any photographs and video tours and the compilation from which they are derived is protected by copyright. Compilation © 2017 Sandicor®, Inc.

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