Mixed-Use Property with Office
New
For Sale
$1,199,000
220 N Oxford Ave, Los Angeles, CA 90004
Commercially zoned building combining business space with two residential units and potential vacant delivery.
Property Size2,717 SF
Price / SF$441.30
Days on Market5
Property Features for 220 N Oxford Ave
General Information
Standard status
Active
Size
2,717 SF
Property subtype
MULTI_FAMILY
Building Details
Building Size
2,717 SF
Year Built
1919
Tenancy
Multi
Listing Agency:
Real Broker
Listed By:
Max Lee · License #01905008
Source:
Carolinakramer
Added: Sep 3
Changed: Sep 6
Last Checked: Sep 6 at 8:36AM
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 Real Broker
Investment Insights
Based on property information with market context.
This 2,717-square-foot mixed-use building, completed in 1919, is configured with commercial space and two residential units. The property is commercially zoned and may be delivered vacant at closing, subject to confirmation, giving an owner-user or investor flexibility in planning occupancy and use.
Located at 220 N Oxford Ave in Los Angeles, the property sits within the Koreatown and Hancock Park corridor. The surrounding area includes residential density and business activity, with central access to Downtown Los Angeles, Hollywood, and major transportation routes. Zoning, occupancy, permitted uses, and development potential should be independently verified by the buyer and buyer’s agent.
Located at 220 N Oxford Ave in Los Angeles, the property sits within the Koreatown and Hancock Park corridor. The surrounding area includes residential density and business activity, with central access to Downtown Los Angeles, Hollywood, and major transportation routes. Zoning, occupancy, permitted uses, and development potential should be independently verified by the buyer and buyer’s agent.
Key Highlights
- 2,717‑square‑foot mixed‑use building
- Commercial space plus two residential units
- Potential vacant delivery at closing
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$64,491
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.38%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,289,820
$1.3M
Cap Rate 7%
$921,300
$921.3K
Cap Rate 9%
$716,567
$716.6K
Market Conditions
NOI Build-Up for 2,717 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$105.6K $38.88/SF
− Vacancy
−$19.6K −$7.23/SF
EGI
$86.0K $31.65/SF
− OpEx
−$21.5K −$7.91/SF
NOI
$64.5K $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,289,820
Cap Rate 7%
$921,300
Cap Rate 9%
$716,567
Alternative Uses
Best Use
Multifamily LT 5
$55.04M
$48.16M – $64.22M
NOI $3,853,135 @ 7.0% cap · market cap 321.36%
Second Best
Apartment 5plus
$48.03M
$42.03M – $56.04M
NOI $3,362,434 @ 7.0% cap · market cap 280.44%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
2,848
Businesses Nearby
Explore this area
Business Placement
Demographics for 90004, CA
58,585
Population
26,046
Households
2.2
Avg Household Size
37
Median Age
40%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
18,898
Density / Sq Mi
$62,655
Median Household Income
$39,359
Median Earnings
$1,752
Median Rent
$1,457,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Mixed-use property - Commercially zoned building combining business space with two residential units and potential vacant delivery.
Where is this mixed-use property located?
The property is located at 220 N Oxford Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,199,000.
What are key features of this property?
This property features: 2,717‑square‑foot mixed‑use building; Commercial space plus two residential units; Potential vacant delivery at closing
