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339 S Oxford Ave, Los Angeles, CA 90020
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339 S Oxford Ave Los Angeles, CA 90020

$8,150,000
  • 36 Beds
  • 30 Baths
  • 13,376 Sq.Ft.
For Sale
$8,150,000 Get Pre-Qualified
Map preview of 339 S Oxford Ave, Los Angeles, CA 90020

Property Overview: 339 S Oxford Ave Los Angeles, CA has 36 bedrooms, 30 bathrooms, 13,376 living square feet and 9,010 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Dario Svidler | BRE #01884474 | Keller Williams Beverly Hills
Co-listed by Morgan McMullin | BRE #01716570 | Keller Williams Beverly Hills
Last checked: 5 minutes ago | Last updated: June 25th, 2024 | Source CRMLS | DOM: 12
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Home details

Lot Sq. Ft
9,010
HOA Dues
$0/mo
Year built
2024
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24404955
City
Los Angeles
County
Los Angeles
Time on Site
11 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 15
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,120
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $26,190
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $3,120
Unit Breakdown 4
  • # of Units: 5
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $17,790
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.58%
  • Gross Rent Multiplier: 13.02
  • Gross Scheduled Income: --
  • Net Operating Income: $454,622
  • Gross Operating Income: $607,259
Annual Expense Breakdown
  • Total Operating Expense: --

Open Houses for 339 S Oxford Ave

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Property Details for 339 S Oxford Ave

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Three Or More
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 13
  • Has Parking
  • Parking Features: Assigned, Controlled Entrance, Gated
Lot Information
  • Lot Size Source: Assessor
Property Information
  • Total # of Units: 15
  • Parcel Number: 5503003012
  • Year Built Source: Builder
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Koreatown - between 3rd and 5th Streets just East of Western Ave. 3 Blocks to the Metro Subway Station
View more facts & features

Local Los Angeles Agent

Sale History for 339 S Oxford Ave

Last sold for $1,575,000 on November 6th, 2020

  • June, 2024

  • Jun 17, 2024

    Date

    Active

    CRMLS: 24404955

    $8,150,000

    Price

  • February, 2024

  • Feb 22, 2024

    Date

    Expired

    CRMLS: 23310589

    $8,200,000

    Price

  • Sep 12, 2023

    Date

    Active

    CRMLS: 23310589

    $8,200,000

    Price

  • Listing provided courtesy of CRMLS

    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 2023 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 nearing CofO and will begin lease-up shortly. 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.

  • November, 2020

  • Nov 8, 2020

    Date

    Sold

    CRMLS: 20571990

    $1,575,000

    Price

  • Aug 5, 2020

    Date

    Pending

    CRMLS: 20571990

    $1,700,000

    Price

  • Jun 26, 2020

    Date

    Active Under Contract

    CRMLS: 20571990

    $1,700,000

    Price

  • Jun 23, 2020

    Date

    Active

    CRMLS: 20571990

    $1,700,000

    Price

  • Jun 22, 2020

    Date

    Active Under Contract

    CRMLS: 20571990

    $1,700,000

    Price

  • Jun 11, 2020

    Date

    Price Change

    CRMLS: 20571990

    $1,700,000

    Price

  • May 21, 2020

    Date

    Price Change

    CRMLS: 20571990

    $1,799,999

    Price

  • Apr 22, 2020

    Date

    Active

    CRMLS: 20571990

    $1,850,000

    Price

  • Listing provided courtesy of CRMLS

    Price reduced for quick sale! We are pleased to present for sale an R3 TOC Tier 3, development opportunity located in the heart of KOREATOWN! This is a prime opportunity to build on an oversized lot JUST 3 BLOCKS from the Wilshire/Western Metro station, as well as all the shopping and dining Koreatown has to offer! Proximity to local amenities and easy access to transportation makes this an ideal investment for developers looking for top rents! Lot size is 9,010 sqft, meaning a developer can build 11 units by right or up to 21 units utilizing TOC guidelines. Many options to collect cash while going through permitting: AIRBNB, short-term rentals, or run a pre-school! Don't miss this opportunity to build in one of the hottest areas of Los Angeles or run your own lucrative pre-school! Home will be delivered VACANT=No tenant relocation here!! Home to be sold AS-IS. DO NOT DISTURB tenants under any circumstances, showing with accepted offer only. Buyer to verify all zoning with LADBS.

  • November, 2020

  • Nov 6, 2020

    Date

    Sold (Public Records)

    Public Records

    $1,575,000

    Price

  • November, 2015

  • Nov 19, 2015

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 339 S Oxford Ave

Assessed Value (2020): $1,158,199
Year Land Value Improved Value Assessed Value
2020 $757,701 $400,498 $1,158,199

Home Value Compared to the Market

This property vs the competition

339 S Oxford Ave is listed 559.39% higher than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $775 and this home is listed at $609.3 per/sqft which puts the price per square foot 21.38% lower than the median price per square foot for the city of Los Angeles.

About 339 S Oxford Ave

Detailed summary of property

339 S Oxford Ave is a multi family located in Los Angeles, CA 90020 and is currently for sale. This multi family property offers 36 bedrooms, 30 bathrooms, roughly 13,376 living square feet, and sits on an approximately 9,010 square foot lot. 339 S Oxford Ave was first listed on ArdentRealEstateGroup.com on June 17, 2024. The homeowner is currently asking $8,150,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $775. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 559.39% higher than the median priced home. Local competing homes currently for sale include 1429 S Bedford St, 2023 Preuss Rd and 6812 11th Ave. While the average home in Los Angeles, CA is selling in 99 days, 339 S Oxford Ave has a days on market of 12 days. There are currently 3982 homes for sale in the Los Angeles real estate market and 2673 of them are single family homes while 1195 of them are condos and 107 are townhomes. For more information on this home for sale at 339 S Oxford Ave Los Angeles, CA 90020 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 339 S Oxford Ave

Public county record property details
Beds
6
Baths
3
Year built
1916
Sq. Ft.
2,824
Lot Size
9,010
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
27
APN
5503-003-012

The source for these homes facts are from public records.

90020 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$810,000
Median List Price/Sq.Ft.
$653
Median Sold Price
$680,000
Median Sold Price/Sq.Ft.
$582
Total Inventory
55
Median Sale to List Price %
94.44%
Avg Days on Market
71
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (20%), Other (40%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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