3
See all 3 photos
$1,890,000
Est. payment /mo
7,161 Sqft Lot
New
203 N Oxford AVE Los Angeles, CA 90004
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Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25554505
HOA Y/N No
Lot Size 7,161 Sqft
Property Description
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 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.
Location
State CA
County Los Angeles
Area C17 - Mid-Wilshire
Zoning R4-1 TOC Tier 3
Interior
Fireplace No
Exterior
View Y/N No
View None
Building
Lot Description Value In Land
New Construction No
Others
Senior Community No
Tax ID 5517005015
Special Listing Condition Standard
Listed by Nicole Lu Maher Commercial Realty