1069 N Oxford Ave
Multifamily | 10 Units | $210,000/unit
Marketing description
1069 N Oxford Ave is a fully occupied ten-unit multifamily property near Larchmont Village in Los Angeles, offered at $2,100,000. Built in 1959, the property presents a classic value-add opportunity in one of the city's most supply-constrained rental submarkets — where well-located, income-producing assets at this basis are increasingly difficult to source.
The property consists of seven one-bedroom/one-bath and three two-bedroom/two-bath residences, each averaging 780 square feet across 7,796 rentable square feet on a 9,017 SF lot. All ten units are currently occupied with rents averaging $1,612 per month — well below market rents of $2,150 and $2,717 respectively — creating a deep and organic path to NOI growth through natural turnover. One unit sits 66% below market, representing the single largest upside opportunity in the portfolio.
Subject to the Los Angeles Rent Stabilization Ordinance, the incoming owner captures rent increases systematically at each vacancy. Combined with 13 on-site parking spaces, separately metered electric and gas, and a lean expense load representing just 27.75% of EGI at pro forma, 1069 N Oxford Ave is a day-one cash flow asset with one of the strongest rent-to-market gaps available at this price point in Los Angeles.
Investment highlights
- Every unit is currently rented below market. In-place rents average $1,612/month against market rents of $2,150 (1+1) and $2,717 (2+2) — representing 44% average upside across the entire portfolio. One unit sits 66% below market, with the gap distributed broadly across all ten units.
- Current NOI of ~$114,000 grows to ~$191,000 at market rents — a 68% increase driven entirely by rent normalization. No renovation or capital improvement program required. The entire upside is unlocked through one mechanism: vacancy.
- At stabilization, the property delivers a 9.10% pro forma cap rate and 12.79% cash-on-cash on conventional financing. The proposed loan structure produces a 1.80 DSCR at pro forma, providing meaningful downside protection throughout the lease-up period.
- All ten units are occupied, generating $16,121 in monthly gross rent from close of escrow. No lease-up period, no vacancy drag. The buyer collects income immediately while executing a patient, turnover-driven value-add strategy at their own pace.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Zoning
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
