939 North Oxford Avenue

Los Angeles, CA 90029

$2,030,000
Last Sold Price
14
Beds
10
Baths
7,462 Sq. Ft.
$272 / Sq. Ft.
7,462
Sq. Ft.
$272
per Sq. Ft.

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...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.
  1. Listed by Adam Zunder • DRE #01821053 • Brokerage DRE #01229985 • Iconic Investments
  2. Listed by Dena Luciano • DRE #01827352 • Brokerage DRE #01883938 • Douglas Elliman

Property Details for 939 North Oxford Avenue

Zoning
LARD1.5
Parcel Number
5535021001
Total Units
10.0
Living Area
7462
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
3%
Lot Size Area
8583

Location

Listing Courtesy of Iconic Investments, Adam Zunder, DRE #01821053; Douglas Elliman, Dena Luciano, DRE #01827352

Sold By Casa Real Estate, Raed Shehadeh, DRE #02023912

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LISTING UPDATED: 09/30/2022 04:32 PM

Property Details for 939 North Oxford Avenue

StatusSold
MLS #22-150635
Days on Market70
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1956
Lot Size0.20 AC / 8,583 SF
CountyLos Angeles County

Location

Listing Courtesy of Iconic Investments, Adam Zunder, DRE #01821053; Douglas Elliman, Dena Luciano, DRE #01827352

Sold By Casa Real Estate, Raed Shehadeh, DRE #02023912

Add your commute

Building Information for 939 North Oxford Avenue

Stories2Residences-Year Built1956Building Size-Lot Size0.20 AC / 8,583 SF

Payment Calculator

$13,216 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,079

Property Taxes

$2,137

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 939 North Oxford Avenue

Community / Development
Community / Development
  • Number Of Units: 10
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $152,759
  • Net Operating Income: $75,994.00
  • Gross Income: $150,128
  • Cap Rate: 3.03%
  • Gross Rent Multiplier: $16.16
  • Total Annual Expense: 76665
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.197
  • Lot Size Square Feet: 8583
Parking Details
Parking Details
  • Parking Garage: Uncovered, Assigned
  • Total Parking: 9
  • Parking Features: Uncovered, Assigned
Interior Features
Interior Features
  • 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: 04-27-2022
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,293.00
  • Unit Actual Rent: $7,763.00
  • Unit Projected Rent: $11,100.00
  • Like Units: 6
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,351.00
  • Unit Actual Rent: $4,054.00
  • Unit Projected Rent: $6,600.00
  • Like Units: 3
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,073.00
  • Unit Actual Rent: $1,073.00
  • Unit Projected Rent: $2,250.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $364,040.00
  • Assessed Improvement Percent: 22.22
  • Assessed Land Value: $1,274,160.00
  • Assessed Land Percent: 77.78
  • Assessed Total Value: $1,638,200.00

Property History for 939 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 939 North Oxford Avenue

Taxable ValueLand$1,580,000Additions$450,000Total$2,030,000
Tax Record2023$25,648 ($2,137 / month)
Home Facts
Total Finished SqFt7,462 SqFtAbove Grade Finished SqFt7,462 SqFtLot Size8,583 SqFtStyleMulti-Family Res (5+ Units)Year Built1956ZoningLARD1.5CountyLOS ANGELESAPN5535-021-001

Schools near 939 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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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 Iconic Investments, Adam Zunder, DRE #01821053; Douglas Elliman, Dena Luciano, DRE #01827352

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.