203 N Oxford Ave Los Angeles, CA 90004
Koreatown NeighborhoodEstimated payment $11,661/month
About This Lot
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 RTI: Permits ready to issue for a fully entitled TOC Tier 3 project with no relocation costs 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 18 parking spaces. There are no relocation costs. 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. There are no relocation costs. 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.
Property Details
Property Type
- Land
Est. Annual Taxes
- $16,339
Lot Details
- 7,162 Sq Ft Lot
- Lot Dimensions are 50x143
- Value in Land
- Property is zoned R4-1 TOC Tier 3
Listing and Financial Details
- Assessor Parcel Number 5517-005-015
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $16,339 | $1,358,346 | $1,254,306 | $104,040 |
| 2024 | $16,339 | $1,331,712 | $1,229,712 | $102,000 |
| 2023 | $16,026 | $1,305,600 | $1,205,600 | $100,000 |
| 2022 | $20,185 | $1,700,433 | $1,158,356 | $542,077 |
| 2021 | $19,943 | $1,667,093 | $1,135,644 | $531,449 |
| 2020 | $13,085 | $1,061,207 | $848,966 | $212,241 |
| 2019 | $12,566 | $1,040,400 | $832,320 | $208,080 |
| 2018 | $12,431 | $1,020,000 | $816,000 | $204,000 |
| 2016 | $5,448 | $446,554 | $357,248 | $89,306 |
| 2015 | $5,369 | $439,847 | $351,882 | $87,965 |
| 2014 | $5,393 | $431,232 | $344,990 | $86,242 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 06/25/2025 06/25/25 | For Sale | $1,890,000 | -- | -- |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Gift Deed | -- | Equity Title | |
| Grant Deed | -- | Accommodation | |
| Grant Deed | $1,650,000 | Provident Title Company | |
| Grant Deed | $1,000,000 | Ticor Title Company | |
| Grant Deed | $365,000 | American Title Co | |
| Grant Deed | $281,000 | Equity Title Company | |
| Grant Deed | -- | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $1,000,000 | New Conventional | |
| Previous Owner | $1,000,000 | Commercial | |
| Previous Owner | $189,450 | Credit Line Revolving | |
| Previous Owner | $90,000 | Credit Line Revolving | |
| Previous Owner | $341,250 | Negative Amortization | |
| Previous Owner | $38,000 | Credit Line Revolving | |
| Previous Owner | $292,000 | No Value Available | |
| Previous Owner | $252,900 | No Value Available |
Source: The MLS
MLS Number: 25554505
APN: 5517-005-015
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© 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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