$ 1,395,000
-
$1,395,000
Price -
8
Bed -
7
Bath -
3,002
SqFt
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About the Listing SR207022172 - SR207065181
615 N Oxford Avenue presents a compelling opportunity to acquire a well-located multifamily asset in the heart of East Hollywood—one of Los Angeles’ most sought-after rental submarkets. Situated on an approximately 6,700± square foot LAR3-zoned lot, the property consists of two separate residential structures, offering a strong combination of stable in-place income and future development potential. The asset generates approximately $120,000 in annual gross income ($10,000/month), providing immediate cash flow in a high-demand rental market. With estimated expenses of ~35%, the property achieves a projected NOI of approximately $78,000, representing a 5.5% cap rate at the list price. Investors are well-positioned to capture additional upside through rental increases and strategic improvements. The LAR3 zoning further enhances the opportunity, allowing for higher-density redevelopment in an area where housing demand continues to outpace supply. Centrally located with convenient access to Koreatown, Hollywood, Silver Lake, and Downtown Los Angeles, the property benefits from proximity to major employment hubs, entertainment centers, and a wide range of dining and retail amenities—supporting long-term tenant demand and rent growth. 615 N Oxford Avenue offers a rare opportunity to secure a cash-flowing asset with meaningful upside in one of Los Angeles’ most dynamic rental markets. Investment package available upon request.
Listing Highlights
Status
Active
Days on Site
34
Property Type
Multi-Family
MLS ®
SR26043858
Year Built
1919
Total Square Footage
3,002
Lot/Acreage
0.16
County
Los Angeles
Area
C17 - Mid-Wilshire
Interior Details
- Bedrooms: 8
- Bathrooms: 7 Full
- Appliances: Dishwasher, Gas Range, Microwave, Refrigerator
- Air Cond: Central Air
- Heating: Central
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: 2-5 Units/Acre,No Land Lease
- Garage Capacity: N/A
- Parking Spaces: 0
- Zoning: LAR3
- Roof:
- Others: 2+ Total Units
- Sewer: Public Sewer
Financial Details
- Tax Amount: N/A
- Taxes w/Assessments: N/A
- Tax/Property ID: 5521002009
- Tax Year: N/A
Payment Calculator
Monthly Payment
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- in Taxes
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Questions About..
615 N Oxford Ave Los Angeles, CA 90004
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