310-742-9964
660 N Oxford Ave, Los Angeles, CA for Sale
Apartments - FOR SALE
1/18
null | Request Cap Rate

660 N Oxford Ave
Los Angeles, CA 90004
East Hollywood


HIGHLIGHTS

  • 2022-Vintage Class A Asset with Immediate Lease-Up Upside - Currently 52% occupied, Solaire Oxford provides the ability to lease 20 remaining units.
  • Middle Market New Construction/RSO Exempt - RSO-exempt new construction offers exposure to rent growth without legacy rent-control constraints.
  • Solaire Oxford Unit Mix is a Leasing Advantage - Limited-supply 3-, 4-, and 5-bedroom floorplans provide an advantage as homebuyers are priced out.
  • Located in Fast-Emerging Melrose Hill - Two blocks west of Melrose and Western, the Property's 97 Walk Score provides access to dining and retail.
  • $0 Deferred Capital Day One - Built in 2022, Solaire Oxford offers a clean physical profile with no required unit renovations or legacy RSO burden.
  • Double-Digit Rent Growth Projected for East Hollywood - East Hollywood is projected to generate 15.67% rent growth over the next five years.

OVERVIEW

Solaire Oxford is a 42-unit Class A multifamily community located in the heart of Melrose Hill, one of Los Angeles’ fastest-evolving neighborhoods and a market gaining national attention after being featured by the New York Post as one of L.A.’s hottest walkable art and dining destinations. Completed in 2022 and designed by The Albert Group Architects, Solaire Oxford delivers a bold, contemporary residential experience, featuring cutting-edge design, high-end finishes, in-unit laundry, large-format floorplans, rooftop and courtyard gathering spaces, and on-site parking, offering investors the rare opportunity to acquire a best-in-class asset at a significant discount to replacement cost and the potential to achieve value-add returns through completion of the lease-up. Anchored by its proximity to Paramount Studios and situated within commuting distance of Hollywood’s broader media and entertainment employment corridor, Melrose Hill draws a deep, professionally employed renter base with the income profile to support sustained rent growth and long-term appreciation. Yet despite its emergence as a premier live-work destination in the urban core, yields have not yet caught up to the quality of the submarket, creating a compelling entry point for investors. **Please fill out the Confidentiality Agreement and email the listing agent the executed document to gain access to the OM.

FOR SALE DETAILS

PRICE

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# OF UNITS

42

CAP RATE

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% LEASED

52%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

42 Units | 2022 New Construction | RSO-Exempt

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

7

YEAR BUILT

2022

PARKING SPACES

24

LAND DETAILS

LAND ACRES

0.31 AC

LAND SF

13,367 SF

ZONING

C2-1

APN/PARCEL ID

5521-003-052

ASK ABOUT THIS PROPERTY

Paul DarrowWalker & DunlopMore Info
310-742-9964

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Paul DarrowWalker & DunlopMore Info
310-742-9964

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.