Los Angeles, CA 90006,1053 S Oxford Avenue
Los Angeles, CA 90006,1053 S Oxford Avenue
Los Angeles, CA 90006,1053 S Oxford Avenue
Los Angeles, CA 90006,1053 S Oxford Avenue
Los Angeles, CA 90006,1053 S Oxford Avenue
Los Angeles, CA 90006,1053 S Oxford Avenue
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Craig Hulbert

Craig Hulbert

+1(858) 752-3447
$ 1,695,000
Est. payment | /mo

7 Beds

4 Baths

Save Virtual Tour
$ 1,695,000
Est. payment | /mo
Save Virtual Tour

7 Beds

4 Baths

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID SB25192062

Bedrooms 7

Property Sub-Type Res Income 2-4 Units

Property Description

PLEASE DO NOT DISTURB OCCUPANTS .... Delivered 100% VACANT, this 5-unit property in Korea-town offers immediate income potential and future redevelopment upside. The mix includes three 1-bed/1-bath units with shared laundry ON SITE , one 3-bed/1-bath, and one 2-bed/1-bath with potential to reconfigure into a 4-bed/2-bath. An attached garage and ample surface parking that add to tenant appeal. Separately metered and impeccably maintained this property is a trophy property looking for its next owner. Rough Proforma renovated rents1-bed units projected at $2,400, the 2-bed at $2,700, and the 3-bed at $3,900the property generates an estimated $165,600 annually ($13,800/month) Offering the possibility of increasing the rental return by reconfiguring the 2/1 into a 4/2 . For long-term investors or developers, the LAR4 zoning and proximity to major transit may qualify the property for Tier 3 TOC incentives (buyer to verify). LAs TOC program has been shown to improve feasibility by reducing approval risk, and the citys new Citywide Housing Incentive Program (CHIP) adds streamlined procedures and incentives when affordability is provided on future developments (buyer to verify specifics with Planning) Preliminary review suggests potential for approx. 20- 27 units with up to 19,500 buildable SF (buyer to verify). 6,500 SF LAR4 lot typically supports after TOC rounding rules, with parking as low as 0.5/unit and potential open-space/yard concessions. Conceptual proforma rents for a unit mix of 1-, 2-, and 3-bedroom apartments could reach $800,000+ gross annual income, depending on desi

Location

State CA

County Los Angeles

Zoning Assessor

Direction western / 11th

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 2

Level or Stories 2

Others

Senior Community No

Tax ID 5080009025

Acceptable Financing Cash, FHA, VA

Listing Terms Cash, FHA, VA

Virtual Tour https://www.zillow.com/view-imx/6d0887d4-b4dc-46ec-9d26-f5c61216bf2d?setAttribution=mls&wl=true&initialViewType=pano&utm_source=dashboard

MLS Router / San Diego MLS
Listed by Deborah Bush Jason Mitchell Real Estate CA

Nearby Locations

SCHOOLSPROPERTIES
Elementary Schools 20
  • 9

    Citizens of the World Charter

    Public | KG - 8

  • 9

    Equitas Academy Charter

    Public | KG - 5

  • 8

    Melrose Avenue Elementary School

    Public | KG - 6

  • 8

    3rd Street Elementary School

    Public | KG - 5

  • 8

    Queen Anne Place Elementary School

    Public | KG - 5

  • 8

    Hoover Street Elementary

    Public | KG - 5

  • 8

    Global Education Academy

    Public | KG - 5

  • 7

    Hollywood Primary Center

    Public | KG - 3

  • 7

    New Heights Charter

    Public | KG - 8

  • 7

    Dr. Sammy Lee Medical and Health Science Magnet

    Public | KG - 5

  • 6

    Wilshire Park Elementary

    Public | KG - 5

  • 6

    Van Ness Avenue Elementary

    Public | KG - 5

  • 6

    Kim Elementary School

    Public | KG - 5

  • 6

    Cahuenga Elementary School

    Public | KG - 5

  • 6

    Menlo Avenue Elementary

    Public | KG - 5

  • 6

    Downtown Value

    Public | KG - 8

  • 6

    Micheltorena Elementary

    Public | KG - 5

  • 5

    City Charter Elementary School

    Public | KG - 5

  • 5

    Celerity Nascent Charter

    Public | KG - 8

  • 5

    Wilton Place Elementary

    Public | KG - 5

Middle Schools 20
  • 8

    Rise Kohyang Middle School

    Public | 6 - 8

  • 7

    Alliance Gertz-Ressler Richard Merkin 6-12 Complex

    Public | 6 - 12

  • 6

    John Burroughs Middle School

    Public | 6 - 8

  • 6

    Virgil Middle School

    Public | 6 - 8

  • 6

    Thomas Starr King Middle School

    Public | 6 - 8

  • 6

    New Designs Charter

    Public | 6 - 12

  • 5

    Pico Pico Middle School

    Public | 6 - 8

  • 4

    Magnolia Science Academy 5

    Public | 6 - 12

  • 4

    Bancroft Middle School

    Public | 6 - 8

  • 4

    Joseph Le Conte Middle School

    Public | 6 - 8

  • 4

    Foshay Learning Center

    Public | 6 - 12

  • 4

    RFK Community Schools - Ambassador School of Global Leadership

    Public | 6 - 12

  • 4

    Los Angeles Academy of Arts & Enterprise Charter

    Public | 6 - 12

  • 4

    Vista Charter Middle School

    Public | 6 - 8

  • 4

    Alliance College-Ready Middle Academy No. 12

    Public | 6 - 8

  • 4

    John Adams Middle School

    Public | 6 - 8

  • 2

    Monsenor Oscar Romero Charter Middle School

    Public | 6 - 8

  • 1

    Audubon Middle School

    Public | 6 - 8

  • 1

    Johnnie Cochran Jr. Middle School

    Public | 6 - 8

  • 1

    Apex Academy

    Public | 7 - 12

High Schools 20
  • 9

    Alliance Dr. Olga Mohan High School

    Public | 9 - 12

  • 8

    Wallis Annenberg High School

    Public | 9 - 12

  • 8

    Orthopaedic Hospital

    Public | 9 - 12

  • 7

    Math and Science College Preparatory

    Public | 9 - 12

  • 7

    Frederick Douglass Academy High School

    Public | 9 - 12

  • 7

    STEM Academy of Hollywood

    Public | 9 - 12

  • 7

    Central City Value

    Public | 9 - 12

  • 7

    Camino Nuevo High No. 2

    Public | 9 - 12

  • 7

    Animo Jackie Robinson High School

    Public | 9 - 12

  • 7

    Alliance College-Ready Academy High No. 16

    Public | 9 - 12

  • 6

    Crenshaw Arts-Technology Charter High School

    Public | 9 - 12

  • 5

    Belmont Sh-la Teacher Preparatory Academy

    Public | 9 - 12

  • 4

    RFK Community Schools - Los Angeles High School of the Arts

    Public | 9 - 12

  • 4

    Santee Education Complex

    Public | 9 - 12

  • 3

    Los Angeles High School

    Public | 9 - 12

  • 3

    Belmont High School

    Public | 9 - 12

  • 1

    Dorsey High School

    Public | 9 - 12

  • 1

    Helen Bernstein High School

    Public | 9 - 12

  • 1

    RFK Community Schools - School for the Visual Arts & Humanities

    Public | 9 - 12

  • 1

    Manual Arts High School

    Public | 9 - 12

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Craig Hulbert

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(858) 752-3447

craig.hulbert@exprealty.com

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1053 S Oxford Avenue