Ten-Unit Multifamily
1069 N Oxford Ave, Los Angeles, CA 90029
For Sale
$1,870,000
Ten fully occupied apartments offer a mix of one- and two-bedroom units with separately metered utilities and on-site parking.
Property Size7,796 SF
Days on Market144
Property Features for 1069 N Oxford Ave
General Information
Standard status
Size
Property subtype
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Listing Agency:
Lyon Stahl Investment Real Estate, Inc.
Listed By:
Taylor Avakian · License CA #02060040
(916) 996-4421
Source:
Milsteinestates
Added: Jun 19
Changed: Nov 9
Last Checked: Nov 8 at 3:48PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lyon Stahl Investment Real Estate, Inc.
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Investment Insights
Based on property information with market context.
1069 N Oxford Ave is a fully occupied, income-producing multifamily property built in 1959. The building offers seven one-bedroom/one-bath residences and three two-bedroom/two-bath residences. Units average 780 square feet each across 7,796 rentable square feet. There are 13 on-site parking spaces, and utilities are separately metered electric and gas for each unit.
The property is located near Larchmont Village in Los Angeles and is subject to the Los Angeles Rent Stabilization Ordinance. According to the current operating information, all ten units are occupied, with rents averaging $1,612 per month. Provided figures indicate rents are below the stated market levels of $2,150 for one-bedroom units and $2,717 for two-bedroom units.
This setup can be a practical fit for buyers seeking a stabilized, fully leased multifamily asset with an in-place unit mix of one- and two-bedroom apartments. With vacancy-based rent increases noted as applicable under the rent stabilization rules, the landlord structure is designed to systematically capture allowable rent adjustments over time. The combination of off-street parking, separately metered utilities, and a fully occupied tenancy supports day-to-day operational continuity.
The property is located near Larchmont Village in Los Angeles and is subject to the Los Angeles Rent Stabilization Ordinance. According to the current operating information, all ten units are occupied, with rents averaging $1,612 per month. Provided figures indicate rents are below the stated market levels of $2,150 for one-bedroom units and $2,717 for two-bedroom units.
This setup can be a practical fit for buyers seeking a stabilized, fully leased multifamily asset with an in-place unit mix of one- and two-bedroom apartments. With vacancy-based rent increases noted as applicable under the rent stabilization rules, the landlord structure is designed to systematically capture allowable rent adjustments over time. The combination of off-street parking, separately metered utilities, and a fully occupied tenancy supports day-to-day operational continuity.
Key Highlights
- Fully occupied 10‑unit multifamily built in 1959 near Larchmont Village, Los Angeles
- Unit mix: 7 one‑bedroom/one‑bath and 3 two‑bedroom/two‑bath; 7,796 rentable SF on a 9,017 SF lot
- All units occupied with average rents of $1,612/month; market rents listed at $2,150 (1BR) and $2,717 (2BR)
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$125,444
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,508,880
$2.5M
Cap Rate 7%
$1,792,057
$1.8M
Cap Rate 9%
$1,393,822
$1.4M
Market Conditions
NOI Build-Up for 7,796 SF
Gross rent
$247.9K $31.80/SF
− Vacancy
−$19.8K −$2.54/SF
EGI
$228.1K $29.26/SF
− OpEx
−$102.6K −$13.17/SF
NOI
$125.4K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,508,880
Cap Rate 7%
$1,792,057
Cap Rate 9%
$1,393,822
Alternative Uses
Best Use
Apartment 5plus
$1.79M
$1.57M – $2.09M
NOI $125,444 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.25M
$2.85M – $3.80M
NOI $227,845 @ 7.0% cap · market cap 12.18%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
3,080
Businesses Nearby
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Business Placement
Demographics for 90029, CA
34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
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Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Ten fully occupied apartments offer a mix of one- and two-bedroom units with separately metered utilities and on-site parking.
Where is this apartment building located?
The property is located at 1069 N Oxford Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,870,000.
What are key features of this property?
This property features: Fully occupied 10‑unit multifamily built in 1959 near Larchmont Village, Los Angeles; Unit mix: 7 one‑bedroom/one‑bath and 3 two‑bedroom/two‑bath; 7,796 rentable SF on a 9,017 SF lot; All units occupied with average rents of $1,612/month; market rents listed at $2,150 (1BR) and $2,717 (2BR)
