0.75 Acres Lot
0.75 Acres Lot
Key Details
Property Type Other Types
Sub Type Apartment
Listing Status Active
Purchase Type For Sale
MLS Listing ID GD26235059
HOA Y/N No
Year Built 2021
Lot Size 0.750 Acres
Property Sub-Type Apartment
Property Description
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
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Interior
Fireplace No
Laundry Inside
Exterior
Garage Spaces 32.0
Garage Description 32.0
Pool None
Community Features Biking
Total Parking Spaces 48
Private Pool No
Building
Story 4
Entry Level Three Or More
Sewer Public Sewer
Water Public
Level or Stories Three Or More
New Construction No
Others
Senior Community No
Tax ID 5080013051
Acceptable Financing Cash, Cash to New Loan
Listing Terms Cash, Cash to New Loan
Special Listing Condition Standard
Nearby Locations
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