We are pleased to present an exceptional multifamily development opportunity at 203 N. Oxford Ave, located in the vibrant heart of Los Angeles. Zoned R4 and TOC Tier 3, this 7,162.6 square foot parcel will be delivered with Ready-to-Issue (RTI) permits for the construction of a 7-story, 30-unit multifamily building… Read More totaling 31,545 square feet. The planned development includes six levels of residential over a ground-level parking garage and one level of subterranean parking, offering a total of 19 parking spaces. The project benefits from reduced parking requirements under TOC guidelines. The unit mix, 24 one-bedroom units and 6 two-bedroom units, is designed for maximum efficiency and rental performance. Three units are designated as Extremely Low-Income, supporting TOC entitlement benefits, while the remaining 27 units will be delivered at market rate. The location commands premium rents, with new construction in the area achieving rates north of $4.00 per square foot. With a price per buildable door of just $63,000 and a land price of approximately $263.78 per square foot, this offering represents one of the most cost-effective RTI opportunities in a high-demand submarket. Strategically located near Hancock Park, Koreatown, and Hollywood just one mile from Paramount Studios and the 101 Freeway the site boasts a Walk Score of 90+ and excellent access to Metro Rail and bus lines. This is a rare opportunity for developers to acquire a shovel-ready site in one of Los Angeles' most dynamic and transit-rich corridors. Read Less
Courtesy of Maher Commercial Realty 310-464-1453
Listing Snapshot
Days Online
1
Last Updated
Property Type
Other
Lot Size
0.16 Acres
MLS Number
25554505
30 Days Snapshot Of 90004
$2.70M
+75%
(avg) sold price
6
0%
homes sold
47
-58%
(avg) days on market
Snapshot
Area Map
Additional Details
Disclosures
None
Lot
LotAcreage: 0.1645, LotSizeArea: 7,162, LotSizeDimensions: 50x143, Curbs, Raw Land, Value In Land, Street Paved, Sidewalks
Miscellaneous
None
Property
Zoning: R4-1 TOC Tier 3
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