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… Read More 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. Read Less
Property listed by Equity Union, Liza Parrilla 310-259-7556
Listing Snapshot
Days Online
15
Last Updated
Property Type
Duplex
Lot Size
0.16 Acres
Year Built
1919
MLS Number
SR26043858
Additional Details
Appliances & Equipment
Dishwasher, GasRange, Microwave, Refrigerator
Building
Built in 1919, 2 buildings, 1 storey, Entry level: 1, Entry location: Level One
Community
Gutters, StreetLights, Sidewalks
Cooling
CentralAir
Expenses
Insurance: $5,500, Operating: $5,500
Fireplaces
None
Heating
Central
Income
Gross Income: $120,000, Gross ScheduledIncome: $120,000, Net Operating Income: $114,500
Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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