Los Angeles, CA 90020 339 S Oxford Avenue
$8,150,000
12 more
Presented By: Dario Svidler with Keller Williams Beverly Hills;
Home Details
The subject property is a luxury, brand new construction, 15 unit apartment complex located in the highly desirable Koreatown submarket of Los Angeles. Ideally situated on Oxford Ave, one block east of Western Ave between 3rd and 4th St, just 3 blocks from the Wilshire/Western Metro Station. This 2024 constructed building has pristine units, an incredible unit mix and an unrelenting rental demand by the strong demographics. The property boasts nine 2 bedroom, 2 bathroom units and six 3 bedroom, 2 bathroom units. Two units are affordable restricted (doesn't preclude you from renting to Section 8 buyer to verify). The property is currently in lease-up. Koreatown's central location, proximity to major job hubs, and diverse array of culinary, entertainment, and cultural options are key draws for renter demand. The area is increasingly evolving into a self-contained neighborhood, where residents can live, work, dine, and play without a car. The densely populated location ensures expeditious lease up and the luxurious units allow for tenant comfort and investor stability. The area has undergone a major economic renaissance during the past couple of decades with development as the driving force. The new apartment and mixed-use developments in the immediate area have provided an overwhelming increase in the demand for high end rental units and retail. The building offers 13 parking spaces and has a rooftop deck. All units have washer and dryers, central air and heat as well as all the modern conveniences of living in a brand new building.
Presented By: Dario Svidler with Keller Williams Beverly Hills;
Interior Features for 339 S Oxford Avenue
Bedrooms
Total Bedrooms36
Bathrooms
1/4 Baths0
3/4 Baths0
Half Baths
Total Baths30
Other Interior Features
Air Conditioning Y/NYes
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Total Stories4
Other Rooms
Entry Level1
General for 339 S Oxford Avenue
Additional Parcels Y/NNo
Attached Garage No
Cap Rate5.58
Carport Y/NNo
CityLos Angeles
CoolingCentralAir
CountyLos Angeles
Days on Market88
DirectionsKoreatown - between 3rd and 5th Streets just East of Western Ave. 3 Blocks to the Metro Subway Station
Full Baths
Garage Y/NNo
Gross Income626040.0
HeatingCentral
Home Owner AssocNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsThreeOrMore
Lot Size Square Feet9010.0
Lot Size UnitsSquareFeet
MLS AreaC17 - Mid-Wilshire
MobileHomeRemainsYNNo
Net Operating Income454622.0
New ConstructionNo
NumberOfUnitsTotal15
PossessionCloseOfEscrow
Private PoolNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
View Y/NNo
Waterfront Y/NNo
Year Built2024
Year Built SourceBuilder
ZoningR3-1 Tier 3
Exterior for 339 S Oxford Avenue
Building Area Total13376.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Dimensions60x150
Lot Size Acres0.2068
Lot Size Area9010.0
Lot Size SourceAssessor
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned, ControlledEntrance, Gated
SpaNo
Total Parking13.0
Additional Details
Price History
Stephen Pliaconis
Pliaconis Realty Group REALTOR® DRE 02015480