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

Type

Apartment

Bedrooms

24

Building size

35,240 sqft

Lot size

32,677 sqft

Year built

2021

Stories

4

Garage spaces

32

Pool

None

Status

Active

Days on market

0

MLS #

249118248

About this property

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.

Location

1124 S Oxford Street

Los Angeles, Los Angeles, CA, 90006