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4754 Oakwood Avenue
Los Angeles, CA 90004
Sold
4754 Oakwood Avenue
Los Angeles, CA 90004
Sold
Located 1 mile from Larchmont Blvd. & Melrose Ave, 4754 Oakwood is a 16-unit property offered at $150,000 PPU & 10.62 GRM on current rents. This 16-unit value-add property is 1 mile east from the heart of Larchmont Blvd. This elegant tree-lined commercial hub is home to many beloved boutiques, bustling cafes, and iconic eateries. Notable tenants include Go Get Em Tiger, Groundwork Coffee, Levain Bakery, Salt & Straw, the Larchmont Wine & Cheese store, and more. In addition, the property is located just north of Beverly Blvd, and offers proximity to Hollywood, Koretown, and Hancock Park. Built in 1941, 4754 Oakwood features (16) bachelor units that average approx. 400 SF each. Each bachelor features a coat closet, plenty of cabinet space, wood-laminate flooring, and large picture windows that allow abundant natural light. The property is offered at 10.62 GRM and 5.73% CAP on current rents, with 2 VACANT UNITS and approx. 44% rental upside. By achieving market rents, 4754 Oakwood will stabilize at a 9.43% CAP and 7.53 GRM.
PROPERTY INFORMATION
| MLS # | 24395673 | Lot Size | 7,253 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 2,400,000
Price Per SqFt: $ 375 |
DOM | 399 Days |
| Address | 4754 Oakwood Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 6,394 Sq. Ft. |
| Postal Code | 90004 | Garage | N/A |
| County | Los Angeles | Year Built | 1941 |
| Bed / Bath | 0 / 0 | Parking | N/A |
| Built In | 1941 | Status | Closed |
| Sold Date | 2024-07-16 |
INTERIOR FEATURES
| Has Laundry | Yes |
| Laundry Information | Community, Individual Room |
| Has Appliances | Yes |
| Kitchen Appliances | Refrigerator |
| SecuritySafety | Gated Community |
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $2,560
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 05/23/2024 | Listed | $2,400,000 |
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Listing provided courtesy of Max Berger, Compass. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
