Los Angeles, CA 90020,538 S Oxford Ave
Los Angeles, CA 90020,538 S Oxford Ave
Los Angeles, CA 90020,538 S Oxford Ave
14
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$4,950,000
Est. payment /mo
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21 Beds
24 Baths
17,280 SqFt
New

538 S Oxford Ave Los Angeles, CA 90020

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Carol Enriquez

Carol Enriquez

+1(702) 767-5591

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Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 17,280 sqft

Price per Sqft $286

MLS Listing ID 26640663

Bedrooms 21

Year Built 1966

Lot Size 9,010 Sqft

Acres 0.2068

Property Sub-Type Multi-Family

Property Description

Located in one of Koreatown's most desirable pockets, 538 S Oxford Avenue presents a rare chance to acquire a high performing asset with substantial upside in one of Los Angeles's most dynamic rental markets. This 24-unit building sits just moments from the area's top dining, retail, and transportation amenities, making it a highly coveted address that consistently attracts strong tenant demand. Constructed in 1966, the property features an efficient and highly leasable unit mix of (3) Singles and (21) One-bedroom apartment homes, totaling approximately 17,280 SF of improvements. The building is fully parked, an increasingly hard-to-find advantage in Koreatown that provides added convenience for residents while enhancing long-term value for ownership. Priced at $4,950,000, the offering equates to an attractive $206,000 per unit and a price per square foot well below replacement cost, creating a compelling basis in a core LA location. The asset also delivers an impressive 5.08% cap rate on actual income, with a clear path to nearly 10% cap rate at market rents. This combination of low entry basis and extraordinary rent upside is seldom seen in today's market. Well-located, well-parked, and primed for repositioning, 538 S Oxford checks every box for value-add investors. With Koreatown's continued growth and very limited availability of similar assets, this is the kind of deal that does not come around often.

Location

State CA

County Los Angeles

Area Mid-Wilshire

Zoning LAR4

Exterior

Garage Spaces 23.0

Building

Story 2

Others

Special Listing Condition Standard

TheMLS (CLAW)
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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Keller Williams Beverly Hills

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Carol Enriquez

Carol Enriquez

Agent | RE.S.0177023

+1(702) 767-5591

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538 S Oxford Ave