Property Details
About this Property
PLEASE DO NOT DISTURB OCCUPANTS .... Delivered 100% VACANT, this 5-unit property in Korea-town offers immediate income potential and future redevelopment upside. The mix includes three 1-bed/1-bath units with shared laundry ON SITE , one 3-bed/1-bath, and one 2-bed/1-bath with potential to reconfigure into a 4-bed/2-bath. An attached garage and ample surface parking that add to tenant appeal. Separately metered and impeccably maintained this property is a trophy property looking for its next owner. Rough Proforma renovated rents—1-bed units projected at $2,400, the 2-bed at $2,700, and the 3-bed at $3,900—the property generates an estimated $165,600 annually ($13,800/month) Offering the possibility of increasing the rental return by reconfiguring the 2/1 into a 4/2 . For long-term investors or developers, the LAR4 zoning and proximity to major transit may qualify the property for Tier 3 TOC incentives (buyer to verify). LA’s TOC program has been shown to improve feasibility by reducing approval risk, and the city’s new Citywide Housing Incentive Program (CHIP) adds streamlined procedures and incentives when affordability is provided on future developments (buyer to verify specifics with Planning) Preliminary review suggests potential for approx. 20- 27 units with up to
MLS Listing Information
MLS #
CRSB25192062
MLS Source
California Regional MLS
Days on Site
24
Interior Features
Appliances
Other
Flooring
Laminate
Cooling
Window/Wall Unit
Heating
Wall Furnace
Parking, School, and Other Information
Garage/Parking
Assigned Spaces, Attached Garage, Covered Parking, Garage, Other, Garage: 2 Car(s)
Unit Information
| # Buildings | # Leased Units | # Total Units |
|---|---|---|
| 5 | 0 | – |
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
1053 S Oxford Ave is a Residential Income in Los Angeles, CA 90006. This – square foot property sits on a 6,502 Sq Ft Lot and features – bedrooms & – full bathrooms. It is currently priced at $1,695,000 and was built in 1922. This address can also be written as 1053 S Oxford Ave, Los Angeles, CA 90006.
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This listing information is up-to-date as of September 11, 2025. For the most current information, please contact Deborah Bush
