975 S Oxford Ave Los Angeles, CA 90006

$9,595,000 Sold Price as of 10/28/2019

-- Beds
20 Baths
8,068 Sq.Ft.

Off Market

$9,595,000 Sold Price as of 10/28/2019 Refinance Your Mortgage

Map preview of 975 S Oxford Ave, Los Angeles, CA 90006

Property Overview: 975 S Oxford Ave Los Angeles, CA has -- bedrooms, 20 bathrooms, 8,068 living square feet and 6,787 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

975 S Oxford Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 975 S Oxford Ave

Last sold for $9,595,000 on October 28th, 2019

August, 2022
Aug 5, 2022

Date

Expired

CRMLS: 22146001

$11,950,000

Price
Apr 4, 2022

Date

Active

CRMLS: 22146001

$11,950,000

Price
Listing provided courtesy of CRMLS

APN's: 5080-008-006, 5080-008-007, 5080-008-008. 975-985 Oxford Ave is a unique investment opportunity to purchase 3 adjacent buildings totaling 60 apartment units. The assets are located in the heart of Koreatown on the corner of S Oxford Ave and Monette Pl providing easy access to Downtown LA and Hollywood. The three buildings total 24,204 SF and features a unit mix of 60 singles, the majority have been recently renovated with vinyl plank flooring, recessed lighting, new stainless-steel appliances, and updated kitchens and bathrooms. At the asking price, the property is being offered with minimal deferred maintenance required and strong in-place cash flow at a 4.53% CAP rate on current income. Additionally, there is a RUBS program in-place and community laundry offering investors significant additional income. High Walk Score of 97, close proximity to schools, employment, and transit options, this location makes it convenient for residents to commute throughout the city even without a vehicle. Koreatown is one of the densest neighborhoods in Los Angeles, with about 120,000 people. With an estimated $1 billion invested in the development of Koreatown since the early 2000s and various development projects taking place, Koreatown remains one of the best areas to invest in.

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October, 2019
Oct 28, 2019

Date

Sold (Public Records)

Public Records

$9,595,000

Price
February, 2015
Feb 13, 2015

Date

Sold (Public Records)

Public Records

$1,783,500

Price

Tax History for 975 S Oxford Ave

Assessed Value (2020): $3,133,200

Year	Land Value	Improved Value	Assessed Value
2020	$2,425,000	$708,200	$3,133,200

About 975 S Oxford Ave

Detailed summary of property

975 S Oxford Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90006 and last sold on October 28, 2019 for $9,595,000. This property has -- bedrooms, 20 bathrooms, roughly 8,068 living square feet, and sits on an approximately 6,787 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 756.7% higher than the current median priced home. 975 S Oxford Ave was last sold on October 28, 2019 for $9,595,000. Local nearby listings include 702 S Serrano Ave #504, 908 S Ardmore Ave #502 and 3715 San Marino St #104. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 975 S Oxford Ave Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 975 S Oxford Ave

Public county record property details

Beds: --
Baths: 20
Year built: 1922
Sq. Ft.: 8,068
Lot Size: 6,787
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 10-12
APN: 5080-008-006

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$799,000

Median List Price/Sq.Ft.

$608

Median Sold Price

$760,000

Median Sold Price/Sq.Ft.

$597

Total Inventory

Median Sale to List Price %

87.46%

Avg Days on Market

Loan Type

Conventional (42.86%), FHA (0%), VA (0%), Cash (0%), Other (42.86%)

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