1000 Oxford Avenue, Los Angeles

$1,575,000

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3 Beds

3 Baths

5,350 Sqft

.1 Acre

0 Garage

SELLER 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.

Essential Information

MLS® #: 24360141

Price: $1,575,000

Bedrooms: 3

Bathrooms: 3.00

Square Footage: 5,350

Acres: 0.10

Year Built: 1928

Type: Residential Income

Status: Active

Community Information

Address: 1000 Oxford Avenue

Area: C20 - Hollywood

City: Los Angeles

County: Los Angeles

Zip Code: 90029

Senior Community: N

Amenities

Parking: None

Garages: None

Interior

Heating: Wall Furnace

Cooling: Wall/Window Unit(s)

# of Stories: 2

Stories: Two

Additional Information

Date Listed: February 20th, 2024

Days on Market: 69

Zoning: LARD1.5

Listing Details

Agent: Nicole Apostolos

Office: Equity Union

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Buyer's Agent

Listing Agent

Nicole Apostolos - Equity Union

Based on information from California Regional Multiple Listing Service, Inc. as of April 29th, 2024 at 4:55am PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.