Welcome to 823 S Oxford Ave, a well-maintained 16-unit multifamily property in the heart of Koreatown, one of Los Angeles’ most dynamic and rapidly growing neighborhoods. This gated building features private access, seven designated parking spaces, and a storage unit. With an attractive unit mix of eight 1-bed/1-bath and eight studio apartments, this fully occupied property offers immediate cash flow with an in-place cap rate of 5.66%. The low-maintenance nature of the building, combined with significant rental upside and potential for ADUs utilizing the storage unit, presents a compelling value-add opportunity for investors.Tenants enjoy walking-distance access to Koreatown’s top restaurants, bars, entertainment, and cultural attractions. Known for its rich history, vibrant nightlife, and world-renowned food scene, Koreatown is home to a diverse mix of cultures, flavors, and experiences. From authentic Korean BBQ spots to Latin-fusion eateries and trendy gastropubs, this neighborhood is a prime destination for Angelenos and visitors alike. Don’t miss this rare opportunity to own a well-kept asset in one of LA’s most sought-after rental markets. Contact us today for more information.
Property Details
Price:
$3,250,000
MLS #:
25503837
Status:
Active
Baths:
0
Address:
823 S Oxford Avenue
Type:
Residential Income
Neighborhood:
c17midwilshire
City:
Los Angeles
Listed Date:
Mar 10, 2025
State:
CA
ZIP:
90005
Lot Size:
11,687 sqft / 0.27 acres (approx)
Year Built:
1950
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Schools
Interior
Cooling
None
Exterior
Parking Features
Private, Uncovered
Parking Spots
7.00
Stories Total
2
Financial
Map
Community
- Address823 S Oxford Avenue Los Angeles CA
- AreaC17 – Mid-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90005
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823 S Oxford Avenue
Los Angeles, CA
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