615 N Oxford Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 0 bed, 0 bath
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Los Angeles, California 90004
This High-Yield Multifamily Asset is listed at $1,395,000, offering a stable investment opportunity aligned with its $1,391,037 Fair Market Value. Boasting a Condition Rating of 3, the property features two extensively renovated residences equipped with modern kitchens and a private patio. The asset produces a significant $120,000 annual gross income, resulting in a projected 5.5% cap rate. Combined with LAR3 Zoning for future high-density redevelopment, this property offers both immediate cash flow and long-term appreciation. It is a premier choice for Buy-and-Hold Investors or Developers.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 615 N Oxford Avenue Subject | $1,395,000* List Price | 0 | 0 | 3,002 | $463 | - |
A 605 N Hobart Boulevard Active | $1,439,000 List Price | 0 | 0 | 2,935 | $490 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is move-in ready.
Although originally built in 1919, both residences on the lot have been extensively renovated with modern kitchens, updated bathrooms, and newer flooring. The property features contemporary upgrades such as recessed lighting, crown molding, and vaulted ceilings. Structural integrity was addressed with foundation bolting in 2015, and the units are move-in ready with no immediate renovation required, fitting the criteria for a well-maintained, updated income property.
The property generates a robust $10,000 monthly income ($120,000 annually), providing an immediate and high-yield return on investment in a competitive Los Angeles rental market.
Zoned LAR3, this property offers significant long-term value through potential high-density redevelopment, allowing investors to capitalize on the high demand for housing in the area.
Both units have been extensively updated with modern kitchens, bathrooms, and flooring, complemented by essential structural upgrades like foundation bolting and cripple wall reinforcement.
With both units currently occupied and a 'do not disturb' instruction, immediate owner-occupancy is not possible, and the due diligence process may be more restrictive for buyers.
Despite modern renovations, the original 1919 construction may present ongoing maintenance challenges associated with century-old plumbing, electrical, and mechanical systems.
615 N Oxford Avenue presents a compelling opportunity to acquire a well-located multifamily asset in the heart of East Hollywood—one of Los Angeles’ most sought-after rental submarkets. Situated on an approximately 6,700± square foot LAR3-zoned lot, the property consists of two separate residential structures, offering a strong combination of stable in-place income and future development potential. The asset generates approximately $120,000 in annual gross income ($10,000/month), providing immediate cash flow in a high-demand rental market. With estimated expenses of ~35%, the property achieves a projected NOI of approximately $78,000, representing a 5.5% cap rate at the list price. Investors are well-positioned to capture additional upside through rental increases and strategic improvements. The LAR3 zoning further enhances the opportunity, allowing for higher-density redevelopment in an area where housing demand continues to outpace supply. Centrally located with convenient access to Koreatown, Hollywood, Silver Lake, and Downtown Los Angeles, the property benefits from proximity to major employment hubs, entertainment centers, and a wide range of dining and retail amenities—supporting long-term tenant demand and rent growth. 615 N Oxford Avenue offers a rare opportunity to secure a cash-flowing asset with meaningful upside in one of Los Angeles’ most dynamic rental markets. Investment package available upon request.
No exterior & parking available.
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 0.0 | 0.0 | 50% |
| Baths | 0.0 | 0.0 | 50% |
| Square foot | 3,002 | 3,382 | 33% |
| Lot Size | 6,757 | 7,505 | 33% |
| Price | $1.40M | $1.10M | 67% |
| Price per sq ft | $465 | $318 | 67% |
| Built year | 1919 | 1921 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 51 | 51 | 67% |
Mar 2, 2026
$1,395,000
Initial Listing
Feb 22, 2016
$1,000,000
Public Record
Mar 17, 2015
$830,000
Public Record