1000 N Oxford Ave
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1000 N Oxford Ave
8 Unit Apartment Building $1,499,000 ($187,375/Unit) 5.56% Cap Rate Los Angeles, CA 90029
Investment Highlights
- Located in East Hollywood, near Santa Monica Blvd. and Western Ave
- 8 units, with a GREAT unit mix of Studios, 1+1's, and 2+1's and TREMENDOUS rental upside!
- One new roof installed in 2018 and some copper plumbing!
- Very easy access to the 101 Freeway & Deemed a "very walkable" neighborhood with a walk score of 92 out of 100!
- Six (6) out of Eight (8) units are separately metered for gas & electricity with Two (2) Units sharing a meter.
- Less than half a mile from the new Echelon Studios Complex project of 550,000 SF
Executive Summary
Charming 1920's property located in East Hollywood, near Santa Monica Blvd. and Western Ave. with very easy access to the 101 Freeway. The property is made up of 8 units, with a GREAT unit mix of Studios, 1+1's, and 2+1's. Six (6) out of eight (8) units are separately metered for gas & electricity with Two (2) Units sharing a meter. Each unit has a separate H20 heater! Some of the plumbing has been upgraded to copper. Some of the units have been tastefully updated and one unit was fully remodeled in 2023. The property boasts a 5.56% CAP rate and 12.77 GRM with tremendous rental upside! The neighborhood is deemed a "very walkable" neighborhood with a walk score of 92 out of 100! Less than half a mile from the new Echelon Studios Complex project of 550,000 SF of new production studio, office, and retail space set to be completed in 2026. The subject property is an excellent opportunity for a buyer looking to acquire a day one cash flow investment property. It has been well maintained by the current ownership. The subject property is located in the city of Los Angeles and is subject to rent control.
Data Room Click Here to Access
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,499,000 | Apartment Style | Low Rise |
| Price Per Unit | $187,375 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 5.56% | Building Size | 5,350 SF |
| Gross Rent Multiplier | 12.77 | Average Occupancy | 100% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1928 |
| Property Subtype | Apartment |
| Price | $1,499,000 |
| Price Per Unit | $187,375 |
| Sale Type | Investment |
| Cap Rate | 5.56% |
| Gross Rent Multiplier | 12.77 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 5,350 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1928 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 2 | $1,330 | - |
| 1+1 | 4 | $1,501 | - |
| 2+1 | 2 | $1,141 | - |
1 of 1
Walk Score ®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 5536-025-028 | Improvements Assessment | $283,977 (2024) |
| Land Assessment | $248,477 (2024) | Total Assessment | $532,454 (2024) |
PROPERTY TAXES
Parcel Number
5536-025-028
Land Assessment
$248,477 (2024)
Improvements Assessment
$283,977 (2024)
Total Assessment
$532,454 (2024)
zoning
| Zoning Code | LARD1.5 |
| LARD1.5 |
-
Nicole Apostolos -
Equity Union Real Estate
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1000 N Oxford Ave
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