Search

Save
Ask
Tour
Hide
Share
$11,000,000
New Listing

1110 1124 S Oxford Street
Los Angeles, CA 90006

For Sale|Apartment|Active
0
Beds
0
Total Baths
35,240
SqFt
$312
/SqFt
2021
Built
County:
Los Angeles
Listed by Kirk Garabedian of Keller Williams R. E. Services [email protected]

Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.

1110 1124 S Oxford Street1110 1124 S Oxford Street1110 1124 S Oxford Street1110 1124 S Oxford Street
Save
Ask
Tour
Hide
Share

Exceptional investment opportunity to acquire the Oxford & 11th Street Portfolio, consisting of 24 residential units within 12 duplex buildings situated on three separate assessor parcels in Los Angeles. The portfolio encompasses approximately 35,240 square feet of building area on 32,677 square feet of land, featuring 108 rentable bedrooms and 48 on-site parking spaces, providing a ratio of two parking spaces per residential unit. All three parcels are offered exclusively as one portfolio and must be purchased together; individual parcel sales will not be considered. The portfolio consists of: (1) 1110–1116 S. Oxford Avenue (APN 5080-013-051), featuring 8 units within 4 duplex buildings, approximately 11,920 SF of improvements on 10,941 SF of land, with 16 parking spaces; (2) 1118–1124 S. Oxford Avenue (APN 5080-013-052), featuring 8 units within 4 duplex buildings, approximately 11,920 SF of improvements on 10,921 SF of land, with 16 parking spaces; and (3) 3122–3128½ W. 11th Street (APN 5080-013-053), featuring 8 units within 4 duplex buildings, approximately 11,400 SF of improvements on 10,815 SF of land, with 16 parking spaces. The portfolio currently generates approximately $527,000 in annual scheduled rental income at approximately 40% leased-bedroom occupancy, presenting significant upside through lease-up and rental optimization. At 100% occupancy and projected market rents, annual rental income is estimated to reach $1,422,000. The portfolio offers a potential stabilized NOI of $997,750, representing a 9.07% pro forma capitalization rate at the $11,000,000 portfolio asking price. This offering presents a compelling value-add investment opportunity with substantial income growth potential. Sale is contingent upon the concurrent purchase and closing of all three parcels. All property information, square footage, unit and bedroom counts, parking, occupancy, income, expenses, permitted uses, and financial projections are approximate and subject to independent verification.

Save
Ask
Tour
Hide
Share
Listing Snapshot
Price 
$11,000,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
35,240 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.7502 Acres
Year Built 
2021
MLS Number 
GD26235059
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
13 hours agoListing first seen on site
13 hours agoListing updated with changes from the MLS
General Features
Acres 
0.7502
Garage 
Yes
Garage Spaces 
32
Land Lease 
No
Levels 
Three Or More
Number Of Stories 
4
Parking Spaces 
48
Property Sub Type 
Apartment
Sewer 
Public Sewer
Special Circumstances 
Standard
SqFt Total 
35240
Water Source 
Public
Interior Features
Laundry Features 
Inside
Save
Ask
Tour
Hide
Share
Exterior Features
Pool Features 
None
Community Features
MLS Area 
C17 - Mid-Wilshire
Financing Terms Available 
Cash
Building Access 
1


This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. The display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, the Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Neighborhood & Commute
Source: Walkscore
Save
Ask
Tour
Hide
Share