881 N Oxford Ave - Apartments FOR SALE


Los Angeles, CA 90029- East Hollywood
$1,375,000 USD
424-317-0308
881 N Oxford Ave, Los Angeles, CA for Sale
$1,375,000 USD
Apartments - FOR SALE
1/14
null | 6.77% Cap Rate

881 N Oxford Ave
Los Angeles, CA 90029
East Hollywood


HIGHLIGHTS

  • Prime Location experiencing a tremendous amount of growth with new developments lined up along Western Ave and new trendy retail pop-ups.
  • Transportation Access: The property offers excellent access to major highways, public transportation, and is within a short drive of DTLA.
  • Property sits on a corner lot on N Oxford and Lemon Grove (Great Exposure)
  • Recent Capital Improvements include: copper plumbing, updated electrical panels, and a new cool roof.
  • Delivered with 3 VACANT units!

OVERVIEW

The 881 N Oxford Apartments is an excellent investment option in the thriving East Hollywood/Melrose Hill real estate market. Its prime location, strong rental demand, and potential for value appreciation make it an attractive prospect for investors seeking stable in-place income with still plenty of upside and long-term growth. This 8 unit building consists of eight studios. Five of the eight are currently occupied with very nice and on-time paying tenants. Property will come with 3 current vacant units. Please reach out via e-mail or phone for a copy of the Offering Memorandum.

FOR SALE DETAILS

PRICE

$1,375,000 USD

PRICE/SF

$374 USD /SF

# OF UNITS

8

PRICE/UNIT

$171,875

CAP RATE

6.77%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5535-019-006

ASK ABOUT THIS PROPERTY

Rick RamirezAlly Commercial Real EstateMore Info
424-317-0308

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Rick RamirezAlly Commercial Real EstateMore Info
424-317-0308

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