$1,575,000
1000 Oxford Avenue, Los Angeles 90029
3
Beds
3
Baths
5,350
Square feet
4,200
Lot Size
8
# Of Units
Listing Agent
Nicole Apostolos - Equity UnionSELLER MAY CARRY! 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, (5337 & 5537 1/2) sharing a master meter. All units have separate H20 heaters! 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 5.23% CAP rate and 13.42 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.
Facts & Features
MLS® # | 24360141 |
---|---|
Price | $1,575,000 |
Bedrooms | 3 |
Bathrooms | 3.00 |
Square Footage | 5,350 |
Lot Size | 4,200 |
Year Built | 1928 |
Type | Residential Income |
Status | Active |
# Of Units | 8 |
Community Information
Address | 1000 Oxford Avenue |
---|---|
Area | C20 - Hollywood |
City | Los Angeles |
County | Los Angeles |
Zip Code | 90029 |
Amenities
Parking | None |
---|---|
Garages | None |
Is Waterfront | No |
Has Pool | No |
Interior
Heating | Wall Furnace |
---|---|
Cooling | Wall/Window Unit(s) |
Has Basement | No |
Fireplace | No |
# of Stories | 2 |
Stories | Two |
Additional Information
Date Listed | February 20th, 2024 |
---|---|
Days on Market | 68 |
Zoning | LARD1.5 |
Foreclosure | No |
Short Sale | No |
RE / Bank Owned | No |
Listing Details
Agent | Nicole Apostolos |
---|---|
Office | Equity Union |