881 N Oxford Avenue, Los Angeles, California 90029, Los Angeles, 90029 - bed, bath
ACTIVE$1,375,000
881 N Oxford Avenue, Los Angeles, California 90029
0Bed
0Bath
3,680Sqft
4,000Lot
Price Vs. Estimate
Estimation data not available
Key pros and cons
Top Pros:
Prime Location: Situated in the thriving East Hollywood/Melrose Hill real estate market, this property benefits from high demand and strong potential for appreciation.
Top Cons:
Age of Property: Built in 1924, the building is nearly a century old, suggesting potential for significant deferred maintenance, outdated systems, and the need for substantial capital expenditures.
Compared to the nearby listings
Price:$1.38M vs avg $1.39M ($-12,500)50%
Size:3,680 sqft vs avg 4,823 sqft50%
Price/sqft:$374 vs avg $30450%
More Insights
Built in 1924 (101 years old).
Condition: Built in 1924, this multi-unit property shows signs of regular maintenance but features outdated components. The bathrooms, with their hexagonal floor tiles and accent wall tiles, appear to be from renovations 15-30 years ago. Kitchens are functional with basic appliances and laminate countertops, but are not modern. Heating is provided by wall-mounted units, indicating an older system. While some units feature newer laminate flooring, the overall condition suggests the property is aged but maintained, requiring minor updates to meet current standards.
Year Built
1924
Close
-
List price
$1.38M
Original List price
$1.44M
Price/Sqft
$374
HOA
-
Days on market
-
Sold On
-
MLS number
DW25105511
Home ConditionFair
Features
View-
About this home
The 881 N Oxford Apartments is an excellent investment option in the thriving East Hollywood/Melrose Hill real estate market. Its prime location, strong rental demand, and potential for value appreciation make it an attractive prospect for investors seeking stable in-place income with still plenty of upside and long-term growth. This 8 unit building consists of eight studios.
Nearby schools
5/10
Kingsley Elementary School
Public,•K-5•0.5mi
6/10
Van Ness Avenue Elementary School
Public,•K-5•0.6mi
3/10
Ramona Elementary School
Public,•K-6•0.6mi
3/10
Harvard Elementary School
Public,•K-5•0.7mi
4/10
Alexandria Avenue Elementary School
Public,•K-5•0.8mi
4/10
Grant Elementary School
Public,•K-6•1.0mi
6/10
Charles H. Kim Elementary School
Public,•K-5•1.1mi
5/10
Cahuenga Elementary School
Public,•K-5•1.1mi
4/10
Lockwood Avenue Elementary School
Public,•K-6•1.2mi
6/10
Dayton Heights Elementary School
Public,•K-5•1.2mi
/10
Lexington Avenue Primary Center
Public,•K-2•1.2mi
4/10
Frank Del Olmo Elementary School
Public,•K-6•1.3mi
7/10
Dr. Sammy Lee Medical And Health Science Magnet Elementary
Public,•K-5•1.4mi
7/10
Los Feliz STEMM Magnet
Public,•K-6•1.4mi
3/10
Joseph Le Conte Middle School
Public,•6-8•0.8mi
5/10
Virgil Middle School
Public,•6-8•1.3mi
6/10
Thomas Starr King Middle School
Public,•6-8•1.7mi
4/10
Young Oak Kim Academy
Public,•6-8•1.9mi
7/10
John Burroughs Middle School
Public,•6-8•2.3mi
4/10
Helen Bernstein High School
Public,•9-12•0.7mi
6/10
Hollywood Senior High School
Public,•9-12•2.0mi
3/10
Rfk Community Schools-Ambassador-Global Leadership
Public,•6-12•2.0mi
4/10
Rfk Community Schools-Los Angeles High School Of The Arts
Public,•9-12•2.0mi
5/10
Rfk Community Schools- For The Visual Arts And Humanities
Public,•9-12•2.0mi
8/10
John Marshall Senior High School
Public,•9-12•2.3mi
7/10
Fairfax Senior High School
Public,•9-12•3.0mi
3/10
Belmont Senior High School
Public,•9-12•3.1mi
Condition Rating
Fair
Built in 1924, this multi-unit property shows signs of regular maintenance but features outdated components. The bathrooms, with their hexagonal floor tiles and accent wall tiles, appear to be from renovations 15-30 years ago. Kitchens are functional with basic appliances and laminate countertops, but are not modern. Heating is provided by wall-mounted units, indicating an older system. While some units feature newer laminate flooring, the overall condition suggests the property is aged but maintained, requiring minor updates to meet current standards.
Pros & Cons
Pros
Prime Location: Situated in the thriving East Hollywood/Melrose Hill real estate market, this property benefits from high demand and strong potential for appreciation.
Strong Rental Demand: The description explicitly highlights strong rental demand, indicating a reliable income stream and low vacancy risk for investors.
Multi-Unit Investment: Comprising eight studio units, the property offers diversified income streams, reducing risk compared to single-unit investments and catering to a consistent segment of the rental market.
Value Appreciation Potential: Positioned as an 'excellent investment option' with 'potential for value appreciation' and 'long-term growth,' it appeals to investors seeking capital gains.
Recent Price Adjustment: The list price has been reduced from $1.44M to $1.375M, potentially offering a more attractive entry point and indicating a motivated seller.
Cons
Age of Property: Built in 1924, the building is nearly a century old, suggesting potential for significant deferred maintenance, outdated systems, and the need for substantial capital expenditures.
All Studio Units: While studios have a market, an exclusively studio configuration limits the tenant demographic and may not maximize overall rental income or appeal to a broader range of renters compared to properties with varied unit sizes.
Implied Underperformance/Required Effort: The phrase 'plenty of upside' often indicates that the property is not currently optimized or achieving market-rate rents, implying that an investor will need to dedicate time and capital to realize its full potential.