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852 N Oxford Ave Los Angeles, CA 90029

$1,400,000 Sold Price as of 04/27/2021

4 Beds
8 Baths
4,220 Sq.Ft.

Sold

$1,400,000 Sold Price as of 04/27/2021 Refinance Your Mortgage

Map preview of 852 N Oxford Ave, Los Angeles, CA 90029

Property Overview: 852 N Oxford Ave Los Angeles, CA has 4 bedrooms, 8 bathrooms, 4,220 living square feet and 5,017 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: First time on the market...Terrific opportunity to own an income producing 8 unit multifamily investment property located in the Hollywood area just south of Santa Monica Blvd. and north of Melrose Avenue. Convenient to shopping, transportation, banking, schools, restaurants, and Paramount Studios. There are 5 studio apartments, and 3 one bedroom, 1 bath apartments. Amenities include entry doors to each apartment are from the famous Ambassador Hotel (imagine the stories they could tell if they could talk), tile countertops, refrigerators, stoves, hardwood flooring, either wall heat units, & wall air conditioners, or split A/C/heat units, and an abundance of windows allowing sunlight to filter through each unit. Other features nice to have are 3 single garages, 1 additional uncovered parking space, a separate laundry room with 2 coin-operated washing machines and 2 coin-operated dryers. Tenants are responsible for their own utilities with the exception of water, & sewer. There is a resident manager that oversees the property for the owner PLEASE NOTE: This listing is also listed as a commercial listing with Listing ID: PW20263398. FYI: There are 9 electric meters and 9 gas meters.

Listed by Roseann Oesterreich | BRE #00892803 | Coldwell Banker Alliance

Last checked: 2 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft: 5,017
HOA Dues: $0/mo
Year built: 1923
Garage: 3 Car
Property Type:: Multi Family

Status: Sold
MLS#: PW21006169
City: Los Angeles
County: Los Angeles
Time on Site: 1184 days

Multi-Family Unit Breakdown

Unit Mix Summary

Total # of Units: 8
Total # of Buildings: 1
# of Leased Units: 4
# of Electric Meters: 9
# of Gas Meters: 9
# of Water Meters: 1

Unit Breakdown 1

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Partially
Actual Rent: $1,000
Total Rent: $1,000
Pro Forma/Market Rent: $1,000

Unit Breakdown 2

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Partially
Actual Rent: $900
Total Rent: $900
Pro Forma/Market Rent: $900

Unit Breakdown 3

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Partially
Total Rent: $0
Pro Forma/Market Rent: $1,200

Unit Breakdown 4

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Partially
Actual Rent: $1,000
Total Rent: $1,000
Pro Forma/Market Rent: $1,000

Unit Breakdown 5

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Unfurnished
Total Rent: $0
Pro Forma/Market Rent: $1,200

Unit Breakdown 6

# of Units: 1
# of Beds: 0
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Partially
Total Rent: $0
Pro Forma/Market Rent: $1,200

Unit Breakdown 7

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Partially
Actual Rent: $428
Total Rent: $428
Pro Forma/Market Rent: $428

Unit Breakdown 8

# of Units: 1
# of Beds: 1
# of Baths: 1
Garage Spaces: 0
Garaged Attached? No
Furnishing: Partially
Actual Rent: $1,000
Total Rent: $1,000
Pro Forma/Market Rent: $1,000

Multi-Family Income/Expense Information

Property Income and Analysis

Cap Rate: 3.1%
Gross Rent Multiplier: --
Gross Scheduled Income: $95,136
Net Operating Income: $61,839
Gross Operating Income: --
Laundry Own/Lease: Own

Annual Expense Breakdown

Total Operating Expense: $33,297
Electric: $0
Gas/Fuel: $0
New Taxes: $24,394
Trash: $0
Insurance: $0
Professional Management: $0
Water/Sewer: $0

Virtual Tour

Use the following link to view this property's virtual tour:

Virtual Tour URL (external link)

Property Details for 852 N Oxford Ave

Interior Features

Cooling Information

Has Cooling
Wall/Window Unit(s), See Remarks

Heating Information

Has Heating
Wall Furnace, See Remarks

Laundry Information

Has Laundry
Common Area, See Remarks

Fireplace Information

No Fireplace
None

Exterior Features

No Pool
Pool Features: None

Lot Details / Garage and Parking

Parking/Garage Information

# of Garage Spaces: 3
# of Parking Spaces: 4

Lot Information

Lot Features: Near Public Transit, Paved, Up Slope from Street, Utilities - Overhead, Walkstreet
Lot Size Source: Assessor
Common Interest: None

Property Information

Common Walls: 2+ Common Walls
Total # of Units: 8
Parcel Number: 5535027004
Year Built Source: Assessor
Property is Attached

Homeowners Association, Utilities, Taxes / Assessments

Homeowners Association

Is Not Part of Association

Utilities Information

Sewer: Public Sewer
Water Source: Public
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected

Location / Neighborhood

Location Information

Directions: S/Santa Monica Blvd.; N/Melrose Avenue

Neighborhood Information

Community Features: Curbs, Sidewalks, Storm Drains, Street Lights

View more facts & features

Local Los Angeles Agent

Sale History for 852 N Oxford Ave

Last sold for $1,400,000 on April 27th, 2021

April, 2021
Apr 28, 2021

Date

Sold

CRMLS: PW21006169

$1,400,000

Price
Apr 21, 2021

Date

Pending

CRMLS: PW21006169

$1,899,000

Price
Feb 18, 2021

Date

Price Change

CRMLS: PW21006169

$1,899,000

Price
Feb 8, 2021

Date

Active

CRMLS: PW21006169

$1,989,000

Price
April, 2021
Apr 28, 2021

Date

Sold

CRMLS: PW20263398

$1,400,000

Price
Apr 21, 2021

Date

Pending

CRMLS: PW20263398

$1,899,000

Price
Feb 18, 2021

Date

Price Change

CRMLS: PW20263398

$1,899,000

Price
Jan 8, 2021

Date

Active

CRMLS: PW20263398

$1,989,000

Price
Listing provided courtesy of CRMLS

First time on the market...Terrific opportunity to own an income producing 8 unit multifamily investment property located in the Hollywood area just south of Santa Monica Blvd. and north of Melrose Avenue. Convenient to shopping, transportation, banking, schools, restaurants, and Paramount Studios. There are 5 studio apartments, and 3 one bedroom, 1 bath apartments. Amenities include entry doors to each apartment are from the famous Ambassador Hotel (imagine the stories they could tell if they could talk), tile countertops, refrigerators, stoves, hardwood flooring, either wall heat units, & wall air conditioners, or split A/C/heat units, and an abundance of windows allowing sunlight to filter through each unit. Other features nice to have are 3 single garages, 1 additional uncovered parking space, a separate laundry room with 2 coin-operated washing machines and 2 coin-operated dryers. Tenants are responsible for their own utilities with the exception of water, & sewer. There are three available units . There is a resident manager that oversees the property for the owner. PLEASE NOTE: This listing is also listed as a Residential Income listing with Listing ID: PW21006169.

Continue Reading
November, 2018
Nov 5, 2018

Date

Sold (Public Records)

Public Records

--

Price
February, 2014
Feb 18, 2014

Date

Sold (Public Records)

Public Records

--

Price

Tax History for 852 N Oxford Ave

Assessed Value (2020): $172,259

Year	Land Value	Improved Value	Assessed Value
2020	$57,642	$114,617	$172,259

Home Value Compared to the Market

This property vs the competition

852 N Oxford Ave sold on April 27, 2021 for 59.58% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $450 per/sqft which puts the price per square foot 40.4% lower than the current median sale per square foot for the city of Los Angeles.

About 852 N Oxford Ave

Detailed summary of property

852 N Oxford Ave is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 4 bedrooms, 8 bathrooms, roughly 4,220 living square feet, and sits on an approximately 5,017 square foot lot. 852 N Oxford Ave was first listed on ArdentRealEstateGroup.com on February 9, 2021. The homeowner sold the property for $1,400,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 59.58% higher than the current median priced home. Local homes that are currently for sale include 716 N Van Ness Ave, 1150 N Kingsley Dr and 1120 N Van Ness Ave. While the average home in Los Angeles, CA is selling in 94 days, 852 N Oxford Ave has a days on market of 20 days. There are currently 3580 homes for sale in the Los Angeles real estate market and 2422 of them are single family homes while 1059 of them are condos and 93 are townhomes. For more information on this home for sale at 852 N Oxford Ave Los Angeles, CA 90029 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 852 N Oxford Ave

Public county record property details

Beds: 2
Baths: 8
Year built: 1923
Sq. Ft.: 4,220
Lot Size: 5,016
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 4
APN: 5535-027-004

The source for these homes facts are from public records.

90029 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,199,000

Median List Price/Sq.Ft.

$802

Median Sold Price

$1,049,000

Median Sold Price/Sq.Ft.

$1,042

Total Inventory

Median Sale to List Price %

95.36%

Avg Days on Market

Loan Type

Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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(714) 706-1823

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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.