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939 N Oxford Ave

Los Angeles, CA 90029
  • $2,500,000
  • STATUS: Active
  • ON SITE: 25 Days
  • MLS #: 22-150635
UPDATED: 16 min ago
$2,500,000
  • 14
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,462
    SQFT
  • $335
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1956
County:
Area:

School Ratings & Info

Description

939 N. Oxford Avenue, in the Melrose Hill neighborhood of Los Angeles, Built in 1956, the property is comprised of six One-Bedroom + One Bath, three Two-Bedroom + One Bath and one Two-Bedroom + Two Bath units across +/- 7,462 gross square feet of improvements on +/- 8,851 square of feet of land. Utilities are separately metered for electricity and gas and features nine parking spaces. This value-add opportunity is ripe for new ownership to immediately renovate, remodel, and reposition the two vacant units, capturing a higher-income tenant base and top-of-market rents. The surrounding area has gentrified with a number of new ground-up development projects completed. Nestled just north of Melrose Ave and east of Western Ave, Oxford is located in very close proximity to Larchmont Village, East Hollywood and Koreatown.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-23T09:42:26.83. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.markwiseproperties.com/homes/128106045
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939 N Oxford Ave Los Angeles, CA 90029

  • Price: $2,500,000
  • Status: Active
  • On Site: 25 Days
  • Updated: 16 min ago
  • MLS #: 22-150635
14
Beds
0
Baths
0
½ Baths
0.2
Acres
7,462
SQFT
$335
$/SQFT
1956
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
Property Description
939 N. Oxford Avenue, in the Melrose Hill neighborhood of Los Angeles, Built in 1956, the property is comprised of six One-Bedroom + One Bath, three Two-Bedroom + One Bath and one Two-Bedroom + Two Bath units across +/- 7,462 gross square feet of improvements on +/- 8,851 square of feet of land. Utilities are separately metered for electricity and gas and features nine parking spaces. This value-add opportunity is ripe for new ownership to immediately renovate, remodel, and reposition the two vacant units, capturing a higher-income tenant base and top-of-market rents. The surrounding area has gentrified with a number of new ground-up development projects completed. Nestled just north of Melrose Ave and east of Western Ave, Oxford is located in very close proximity to Larchmont Village, East Hollywood and Koreatown.
Exterior Features

Lot Size Area 8583 Other Structures None Parking Garage UncoveredAssigned Total Parking 9

Interior Features

Baths Total 10.00 Cooling Wall/Window Equipment None Heating Wall

Property Features

Assessed Total Value 1638200 Gross Income 150128 Gross Operating Income 152759 Like Units1 6 Like Units2 3 Like Units3 1 Net Operating Income 75994.00 Number Of Buildings 1 Number Of Units 10 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 76665 Type Of Units Apartments Year Built Source Vendor Enhanced Zoning Lard1.5

Listing provided courtesy of Adam Zunder DRE#01821053 of Iconic Investments.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2022-05-23T09:42:26.83. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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Mark Wise | Bennion Deville Homes
71691 Highway 111
Rancho Mirage CA, 92270