4754 Oakwood Avenue
Los Angeles, CA 90004
- Bedrooms
- Studio
- Bathrooms
- 0
- Interior
- 6,394 sq ft
- Year Built
- 1941
About this residence
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 details
- Status
- Sold
- Property type
- Single-Family Home
- Price per sq ft
- $361/sq ft
- Days on market
- 46 days
- Listed
- May 23, 2024
- Year built
- 1941
- Parking
- 0 spaces
- Furnished
- No
- Waterfront
- No
- MLS number
- 24395673
Location & neighborhood
4754 Oakwood Avenue, Los Angeles, CA 90004
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- Principal & interest$11,681
- Property taxes$3,504
- Insurance$963
- HOA / fees$0
Estimate only. Taxes, insurance and HOA are approximate.
Listing courtesy of Compass · MLS 24395673. Information deemed reliable but not guaranteed; buyers should independently verify all details.
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