852 N Oxford AVE, Los Angeles, CA 90029
852 N Oxford AVE, Los Angeles, CA 90029
852 N Oxford AVE, Los Angeles, CA 90029
27
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$1,895,000
Est. payment /mo
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4 Beds
8 Baths
4,220 SqFt
New

852 N Oxford AVE Los Angeles, CA 90029

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Analise Elizondo

Analise Elizondo

+1(559) 389-1288

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 4,220 sqft

Price per Sqft $449

MLS Listing ID 26106867

Bedrooms 4

HOA Y/N No

Year Built 1923

Lot Size 5,018 Sqft

Property Description

Attractive 8-unit Hollywood apartment asset currently operating at a strong 6.1% cap rate, offering compelling in-place cash flow with multiple paths to further NOI growth. Most notably, one legacy one-bedroom tenancy is currently paying just $477/month versus an estimated market rent of approximately $2,095/month. Upon lawful turnover and re-leasing at market, this single unit alone would increase the property's cap rate to approximately 7.0%. Ideally located just north of Melrose Avenue in a high-demand, walkable rental pocket near major employment centers, hospitals, transit, dining, and significant ongoing development. The property has been well maintained and recently improved with a new roof and newly remodeled common areas, reducing near-term capital requirements while enhancing the overall tenant experience and curb appeal. Additional upside exists through parking and ancillary income. Several tenants pay separate parking fees that are not subject to rent control, while the garages are currently underutilized, creating further opportunity to increase NOI. The property also offers meaningful development upside. ADU plans were previously RTI and are designed above the existing parking area, allowing an additional unit to be constructed while maintaining parking and potentially adding nearly $2,000/month in rental income. A large existing basement may provide an additional future conversion opportunity, subject to buyer investigation and applicable approvals. A rare opportunity to acquire a well-maintained Hollywood asset with a strong 6.1% going-in yield, a clear path to approximately 7.0% from a single unit turnover, limited near-term capital needs, and multiple additional value-add opportunities.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR1

Interior

Heating Wall Furnace

Fireplace No

Exterior

Parking Features Private

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5535027004

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Armin Soleimani Global Platinum Properties, Inc. #01846872

NEARBY SCHOOL & BUSINESS

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Analise Elizondo

Analise Elizondo

Broker Associate License ID: 02001183

+1(559) 389-1288

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852 N Oxford AVE