Property Detail

Description

Exceptional income-producing two-on-a-lot opportunity in a prime central Los Angeles location just southeast of Paramount Studios and moments from Hollywood, Hancock Park, and Los Feliz. Situated on an LAR3-zoned lot, this property offers not only strong current cash flow but also valuable long-term development potential (buyer to verify with city). Both residences are currently tenant occupied and generating approximately $10,000 per month ($120,000 annually), providing immediate, stable income in one of Los Angeles’ most desirable rental corridors. The front home at 615 N Oxford is a renovated Craftsman-style 5-bedroom, 4-bath residence featuring updated flooring, updated kitchen and baths, crown molding and recessed lighting. The rear home at 613 N Oxford is a spacious two-story 3-bedroom, 3-bath property highlighted by vaulted ceilings, updated kitchen and bathrooms, newer flooring, recessed lighting, private balconies, and a generous patio area. Both homes offer strong tenant appeal with a balance of character and upgrades. The gated property includes a private electronic entry and an extended driveway providing ample off-street parking—an important amenity in this high-demand area. Foundation bolting and cripple wall reinforcement were completed in 2015, further enhancing the asset’s structural integrity. With solid in-place income, high rental demand, and LAR3 zoning offering future redevelopment upside, this is a compelling opportunity for investors seeking a stable, appreciating asset in the heart of Los Angeles. DO NIT DISTURB THE TENANTS.