939 N Oxford Ave, Los Angeles, CA 90029
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939 N Oxford Ave Los Angeles, CA 90029

$2,030,000 Sold Price as of 09/30/2022
  • 14 Beds
  • 11 Baths
  • 7,462 Sq.Ft.
Sold
$2,030,000 Sold Price as of 09/30/2022 Refinance Your Mortgage

Map preview of 939 N Oxford Ave, Los Angeles, CA 90029

Property Overview: 939 N Oxford Ave Los Angeles, CA has 14 bedrooms, 11 bathrooms, 7,462 living square feet and 8,583 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 939 N. Oxford Avenue, in the Melrose Hill neighborhood of Los Angeles, Built in 1956, the property is comprised of six One-Bedroom + One Bath, three Two-Bedroom + One Bath and one Two-Bedroom + Two Bath units across +/- 7,462 gross square feet of improvements on +/- 8,851 square of feet of land. Utilities are separately metered for electricity and gas and features nine parking spaces. This value-add opportunity is ripe for new ownership to immediately renovate, remodel, and reposition the two vacant units, capturing a higher-income tenant base and top-of-market rents. The surrounding area has gentrified with a number of new ground-up development projects completed. Nestled just north of Melrose Ave and east of Western Ave, Oxford is located in very close proximity to Larchmont Village, East Hollywood and Koreatown.

Listed by Adam Zunder | BRE #01821053 | Iconic Investments
Co-listed by Dena Luciano | BRE #01827352 | Douglas Elliman
Last checked: 10 minutes ago | Last updated: October 1st, 2022 | Source CRMLS | DOM: 70

Home details

Lot Sq. Ft
8,583
HOA Dues
$0/mo
Year built
1956
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
22150635
City
Los Angeles
County
Los Angeles
Time on Site
743 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 3
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,351
  • Total Rent: $4,054
  • Pro Forma/Market Rent: $6,600
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $1,073
  • Total Rent: $1,073
  • Pro Forma/Market Rent: $2,250
Unit Breakdown 3
  • # of Units: 6
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,293
  • Total Rent: $7,763
  • Pro Forma/Market Rent: $11,100
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3.03%
  • Gross Rent Multiplier: 16.16
  • Gross Scheduled Income: --
  • Net Operating Income: $75,994
  • Gross Operating Income: $152,759
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 939 N Oxford Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Heating Information
  • Has Heating
  • Wall Furnace
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 9
  • Has Parking
  • Parking Features: Uncovered, Assigned
Property Information
  • Total # of Units: 10
  • Parcel Number: 5535021001
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Excellent location! North of Melrose Ave., just east of Western Ave., west of the 101 and south of Santa Monica Blvd. Property is located on Oxford Ave. nestled between Lemon Grove Ave. and Romaine St.
View more facts & features

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Sale History for 939 N Oxford Ave

Last sold for $2,030,000 on September 30th, 2022
  • September, 2022

  • Sep 30, 2022

    Date

    Sold

    CRMLS: 22150635

    $2,030,000

    Price

  • Apr 27, 2022

    Date

    Active

    CRMLS: 22150635

    $2,500,000

    Price

  • July, 2007

  • Jul 27, 2007

    Date

    Sold (Public Records)

    Public Records

    $1,350,000

    Price

  • April, 2006

  • Apr 12, 2006

    Date

    Sold (Public Records)

    Public Records

    $1,100,000

    Price

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Tax History for 939 N Oxford Ave

Assessed Value (2020): $1,621,404
Year Land Value Improved Value Assessed Value
2020 $1,261,096 $360,308 $1,621,404

Home Value Compared to the Market

This property vs the competition

939 N Oxford Ave sold on September 30, 2022 for 110.08% 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 $335.03 per/sqft which puts the price per square foot 55.63% lower than the current median sale per square foot for the city of Los Angeles.

About 939 N Oxford Ave

Detailed summary of property

939 N Oxford Ave is a multi family that recently sold in Los Angeles, CA 90029. This multi family property offered 14 bedrooms, 11 bathrooms, roughly 7,462 living square feet, and sits on an approximately 8,583 square foot lot. 939 N Oxford Ave was first listed on ArdentRealEstateGroup.com on April 27, 2022. The homeowner sold the property for $2,030,000. 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 110.08% higher than the current median priced home. Local homes that are currently for sale include 126 N Kingsley Dr, 543 N Heliotrope Dr and 4214 Rosewood Ave. While the average home in Los Angeles, CA is selling in 94 days, 939 N Oxford Ave has a days on market of 70 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 939 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 939 N Oxford Ave

Public county record property details
Beds
14
Baths
10
Year built
1956
Sq. Ft.
7,462
Lot Size
8,582
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5535-021-001

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
$1,195,000
Median List Price/Sq.Ft.
$802
Median Sold Price
$1,049,000
Median Sold Price/Sq.Ft.
$1,042
Total Inventory
34
Median Sale to List Price %
95.36%
Avg Days on Market
38
Loan Type
Conventional (60%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Related Resources to 939 N Oxford Ave

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.