Description
Maher Commercial Realty is pleased to present 1042 S. Oxford Avenue, an 8-unit multifamily apartment building in prime Koreatown. The building is comprised of three 2 bedroom/1 bath units, four 1 bedroom/1 bath units and one studio unit with in place rents ranging from $1,280-$2,200 per month. The property is located in an opportunity zone and is eligible for TOC incentives.
Located near the Koreatown Galleria and is walking distance to Western Avenue, Olympic Blvd. and Hobart Boulevard Elementary School. Surrounded by shopping and dining including Koreatown Plaza, El Cholo, Guelaguetza Restaurant and Ktown Pho.
Property Features:
- List Price: $2,400,000
- Building Size: 6,892 Sq.Ft.
- Lot Size: 6,062 Sq.Ft.
- Price Per Sq.Ft. On Land: $348.23
- Price Per Sq.Ft. On Building: $395.91
- Zoning: LAR4
- Number of Units: 8
- APN: 5080-014-022
- Pro-Forma Gross Operating Income: $196,896
- Pro-Forma NOI: $105,786
- Pro-Forma Cap Rate: 4.4%
- Pro-Forma GRM: 12.18
