1000 North Oxford Avenue

Los Angeles, CA 90029

$1,575,000
Price
8
Beds
8
Baths
5,350 Sq. Ft.
$294 / Sq. Ft.
5,350
Sq. Ft.
$294
per Sq. Ft.

Description

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...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.
  1. Listed by Nicole Apostolos • DRE #01464936 • Brokerage DRE #01342342 • Equity Union

Property Details for 1000 North Oxford Avenue

Zoning
LARD1.5
Cross Streets
Romaine St & Oxford Ave
Parcel Number
5536025028
Total Units
8.0
Living Area
5350
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
0%

Location

Listing Courtesy of Equity Union, Nicole Apostolos, DRE #01464936
Add your commute
LISTING UPDATED: 04/25/2024 10:55 AM

Property Details for 1000 North Oxford Avenue

StatusActive
MLS #24-360141
Days on Market72
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1928
Lot Size0.10 AC / 4,200 SF
CountyLos Angeles County

Location

Listing Courtesy of Equity Union, Nicole Apostolos, DRE #01464936
Add your commute

Building Information for 1000 North Oxford Avenue

Stories2Residences-Year Built1928Building Size-Lot Size0.10 AC / 4,200 SF

Payment Calculator

$9,198 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,595

Property Taxes

$603

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1000 North Oxford Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 3
  • Type Of Units: 0+1,1+1, 2+1
  • Direction Faces: South
Contract Info
Contract Info
  • Probate: No
  • Financing: Owner May Carry
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $117,348
  • Net Operating Income: $82,368.00
  • Gross Income: $117,348
  • Cap Rate: 5.23%
  • Gross Rent Multiplier: $13.42
  • Owner Pays: Water
  • Total Annual Expense: 34980
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0964
  • Lot Size Square Feet: 4200
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 02-22-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,209.50
  • Unit Actual Rent: $4,838.00
  • Unit Projected Rent: $8,400.00
  • Like Units: 4
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,141.00
  • Unit Actual Rent: $2,282.00
  • Unit Projected Rent: $5,400.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,329.50
  • Unit Actual Rent: $2,659.00
  • Unit Projected Rent: $3,400.00
  • Like Units: 2
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $278,409.00
  • Assessed Improvement Percent: 53.33
  • Assessed Land Value: $243,605.00
  • Assessed Land Percent: 46.67
  • Assessed Total Value: $522,014.00

Property History for 1000 North Oxford Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1000 North Oxford Avenue

Taxable ValueLand$243,605Additions$278,409Total$522,014
Tax Record2023$7,238 ($603 / month)
Home Facts
Total Finished SqFt5,350 SqFtAbove Grade Finished SqFt5,350 SqFtLot Size4,200 SqFtStyleMulti-Family Res (5+ Units)Year Built1928ZoningLARD1.5CountyLOS ANGELESAPN5536-025-028

Schools near 1000 North Oxford Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Kingsley Elementary School
PublicK to 5

Joseph Le Conte Middle School
Public6 to 8

STEM Academy at Bernstein High
Public9 to 12

Helen Bernstein High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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1000 North Oxford Avenue is a multi-family home for sale in Los Angeles, CA 90029. This property was listed for sale on February 20, 2024 by Equity Union, it's currently listed at $1,575,000. It has been on the market for a total of 72 days and was last sold on July 17, 2002. This listing's school district is Los Angeles Unified School District. Nearby schools include Kingsley Elementary School, Joseph Le Conte Middle School and STEM Academy at Bernstein High. 1000 North Oxford Avenue is a 8-bed, 8-bath, 5,350 sqft multi-family home built in 1928.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Union, Nicole Apostolos, DRE #01464936

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.