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975-985 S Oxford Ave
Los Angeles, CA 90006

Multifamily Property For Sale · 60 Units

Investment Highlights

  • 975-985 Oxford Ave is a unique investment opportunity of three adjacent buildings on the corner of S Oxford Ave and Monette Pl
  • Strong cash flow at a 4.53% CAP rate on current income with minimal deferred maintenance & community laundry
  • Rare opportunity to acquire a sizeable asset with proven renovation program and market rent located in one of the strongest rental submarkets
  • 60 single units, 56 of them have been renovated with vinyl plank flooring, recessed lighting, new stainless-steel appliances, updated kitchens / bath
  • Secure, gated entry for all buildings; RUBS program in-place for an investor to be reimbursed for operating expenses
  • High Walk Score of 97, close proximity to schools, employment, and transit options, this location makes it convenient for residents to commute

PROPERTY FACTS

No. Units 60
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class C
Lot Size 1.59 AC
Building Size 65,204 SF
Average Occupancy 100%
No. Stories 2
Year Built 1920

Unit Amenities

  • Air Conditioning
  • Heating
  • Kitchen
  • Oven
  • Range
  • Tub/Shower

Site Amenities

  • 24 Hour Access
  • Laundry Facilities
  • Property Manager on Site
  • Security System
  • Vintage Building
  • Public Transportation

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 60 - 400

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5080-008-007
  • 5080-008-006
  • 5080-008-008
Land Assessment
$7,800,267
Improvements Assessment
$2,487,503
Total Assessment
$10,287,770

zoning

Zoning Code R4-2, Los Angeles
R4-2, Los Angeles
  • Listing ID: 25463603

  • Date on Market: 4/13/2022

  • Last Updated:

  • Address: 975-985 S Oxford Ave, Los Angeles, CA 90006

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