339 South Oxford Avenue

Los Angeles, CA 90020

$8,200,000
Price
36
Beds
30
Baths
13,376 Sq. Ft.
$613 / Sq. Ft.
13,376
Sq. Ft.
$613
per Sq. Ft.

Description

The subject property is a luxury, brand new construction, 15 unit apartment complex located in the highly desirable Koreatown submarket of Los Angeles. Ideally situated on Oxford Ave, one block east of Western Ave between 3rd and 4th St, just 3 blocks from the Wilshire/Western Metro Station. This 2023 constructed building has pristine units, an incredible unit mix and an unrelenting rental demand by the strong demographics. The property boasts nine 2 bedroom, 2 bathroom units and six 3 bedroom, 2...The subject property is a luxury, brand new construction, 15 unit apartment complex located in the highly desirable Koreatown submarket of Los Angeles. Ideally situated on Oxford Ave, one block east of Western Ave between 3rd and 4th St, just 3 blocks from the Wilshire/Western Metro Station. This 2023 constructed building has pristine units, an incredible unit mix and an unrelenting rental demand by the strong demographics. The property boasts nine 2 bedroom, 2 bathroom units and six 3 bedroom, 2 bathroom units. Two units are affordable restricted (doesn't preclude you from renting to Section 8 buyer to verify). The property is nearing CofO and will begin lease-up shortly. Koreatown's central location, proximity to major job hubs, and diverse array of culinary, entertainment, and cultural options are key draws for renter demand. The area is increasingly evolving into a self-contained neighborhood, where residents can live, work, dine, and play without a car. The densely populated location ensures expeditious lease up and the luxurious units allow for tenant comfort and investor stability. The area has undergone a major economic renaissance during the past couple of decades with development as the driving force. The new apartment and mixed-use developments in the immediate area have provided an overwhelming increase in the demand for high end rental units and retail. The building offers 13 parking spaces and has a rooftop deck. All units have washer and dryers, central air and heat as well as all the modern conveniences of living in a brand new building.
  1. Listed by Dario Svidler • DRE #01884474 • Keller Williams Beverly Hills
  2. Listed by Morgan McMullin • DRE #01716570 • Keller Williams Beverly Hills

Property Details for 339 South Oxford Avenue

Zoning
R3-1 Tier 3
Parcel Number
5503003012
Total Units
15.0
Living Area
13376
Source Living Area
Developer
Area
Mid-Wilshire (C17)
Vacancy Rate
100
Lot Size Area
8980

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Morgan McMullin, DRE #01716570
Add your commute
LISTING UPDATED: 09/20/2023 12:01 AM

Property Details for 339 South Oxford Avenue

StatusActive
MLS #23-310589
Days on Market84
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built2023
Lot Size0.21 AC / 8,980 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Morgan McMullin, DRE #01716570
Add your commute

Building Information for 339 South Oxford Avenue

Stories4Residences-Year Built2023Building Size-Lot Size0.21 AC / 8,980 SF

Payment Calculator

$46,405 per month

30 year fixed, 7.25% Interest

Principal and Interest

$44,751

Property Taxes

$1,654

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 339 South Oxford Avenue

Community / Development
Community / Development
  • Number Of Units: 15
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 4
  • Number Of Buildings: 1
  • Type Of Units: Apartments
  • Entry Floor Number: 1
Contract Info
Contract Info
  • Disclosures: As Is, Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $572,967
  • Net Operating Income: $413,008.00
  • Gross Income: $590,688
  • Cap Rate: 5.04%
  • Gross Rent Multiplier: $13.88
  • Actual Annual Gross Rent: $590,688.00
  • Actual Gross Annual Income: $590,688
  • Total Annual Expense: 159960
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2062
  • Lot Size Square Feet: 8980
  • Lot Size Dimensions: 60x150
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Assigned, Controlled Entrance, Gated
  • Total Parking: 13
  • Covered Parking: 13
  • Parking Features: Assigned, Controlled Entrance, Gated
Interior Features
Interior Features
  • Levels: Three Or More
  • Cooling: Central Air
  • Cooling Type: Central
  • Heating: Central
  • Heating Type: Central
  • Equipment: Other
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 09-12-2023
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,213.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $25,700.00
  • Like Units: 8
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,560.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $17,800.00
  • Like Units: 5
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,724.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,724.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $3,000.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $321,300.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $1,285,200.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $1,606,500.00

Property History for 339 South 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 339 South Oxford Avenue

Taxable ValueLand$1,638,630Additions-Total$1,638,630
Tax Record2023$19,842 ($1,654 / month)
Home Facts
Beds6Total Finished SqFt2,824 SqFtAbove Grade Finished SqFt2,824 SqFtStories2Lot Size9,010 SqFtStyleResidentialYear Built1916ZoningLAR3CountyLOS ANGELESAPN5503-003-012

Schools near 339 South Oxford Avenue

This home is within Los Angeles Unified School District.
RatingSchoolTypeGradesDistance
Public - K to 5
Public - 6 to 8
Public - 6 to 8
Public - 6 to 12
RatingSchoolDistance
Charles H. Kim Elementary School
PublicK to 5

Virgil Middle School
Public6 to 8

Young Oak Kim Academy
Public6 to 8

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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339 South Oxford Avenue is a multi-family home for sale in Los Angeles, CA 90020. This property was listed for sale on September 12, 2023 by Keller Williams Beverly Hills, it's currently listed at $8,200,000. It has been on the market for a total of 84 days and was last sold on July 2, 2020. This listing's school district is Los Angeles Unified School District. Nearby schools include Charles H. Kim Elementary School, Virgil Middle School and Young Oak Kim Academy. 339 South Oxford Avenue is a 36-bed, 30-bath, 13,376 sqft multi-family home built in 2023.

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 Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Morgan McMullin, DRE #01716570

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.