Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

2

Building size

1,826 sqft

Lot size

5,698 sqft

Year built

1918

Stories

1

Status

Active

Days on market

10

MLS #

248069781

About this property

Fixer opportunity in the desirable Melrose Hill neighborhood of Los Angeles! The property features a 3-bedroom, 2-bathroom front house that will be delivered vacant at the close of escrow, along with a separate, tenant-occupied 1-bedroom, 1-bathroom permitted garage conversion. Built in 1918, this property offers approximately 1,826 square feet of living space on a 5,698-square-foot LAR3-zoned lot. With plenty of potential for renovation and improvements, this property presents an excellent opportunity for investors, developers, or owner-users looking to add value. Conveniently situated in Melrose Hill, the property offers easy access to Koreatown, Hancock Park, Hollywood, Downtown Los Angeles, and surrounding employment centers. The neighborhood is known for its growing dining scene, shopping, entertainment, and accessibility to major transportation corridors, making it an attractive location for both homeowners and renters. The property's LAR3 zoning provides additional possibilities for those interested in exploring future development or expansion, subject to city approvals and applicable regulations. Its central location, flexible layout, and renovation potential make it an appealing opportunity for buyers looking to maximize the property's value. Whether you're an investor seeking a long-term rental property, a developer exploring future possibilities, or an owner-user looking to customize a home to your vision, this Melrose Hill fixer offers an opportunity to create something special in a centrally located Los Angeles neighborhood.

Location

472 N Oxford Avenue

Los Angeles, Los Angeles, CA, 90004