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Berkshire Hathaway HomeServices California Properties

538 S Oxford Avenue, Los Angeles, CA 90020

$4,950,000 Approx. USD

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Berkshire Hathaway HomeServices California Properties 11828 Rancho Bernardo Rd, Ste 210
San Diego, CA 92128 888-995-7575

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Listing Agent

Shaya Braverman | shaya@bravermancre.com
Lic#: 01861842
Broker: Courtesy of Keller Williams Beverly Hills
Phone: 424-421-3526

Listing Details

Property type: (Commercial)

Property Sub-Type:

Status: Active Under Contract

Listing ID: 26640663

Price: $4,950,000

Rental Rate: $4,950,000

Lot Size:

HOA Fee is $0.00

Built in 1966

0.21 acres

County: Los Angeles

Zoning: LAR4

Last Updated: 6/11/2026

Days On Market (DOM): 21

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Lat/Long: 34.064176, -118.307470.
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Lot Details

Easement Present: (Easement present. For more information, contact agent.)

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Property Details

Located in one of Koreatown's most desirable pockets, 538 S Oxford Avenue presents a rare chance to acquire a high performing asset with substantial upside in one of Los Angeles's most dynamic rental markets. This 24-unit building sits just moments from the area's top dining, retail, and transportation amenities, making it a highly coveted address that consistently attracts strong tenant demand. Constructed in 1966, the property features an efficient and highly leasable unit mix of (3) Singles and (21) One-bedroom apartment homes, totaling approximately 17,280 SF of improvements. The building is fully parked, an increasingly hard-to-find advantage in Koreatown that provides added convenience for residents while enhancing long-term value for ownership. Priced at $4,950,000, the offering equates to an attractive $206,000 per unit and a price per square foot well below replacement cost, creating a compelling basis in a core LA location. The asset also delivers an impressive 5.08% cap rate on actual income, with a clear path to nearly 10% cap rate at market rents. This combination of low entry basis and extraordinary rent upside is seldom seen in today's market. Well-located, well-parked, and primed for repositioning, 538 S Oxford checks every box for value-add investors. With Koreatown's continued growth and very limited availability of similar assets, this is the kind of deal that does not come around often.

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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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