4754 Oakwood Ave
Los Angeles,
CA
90004
Property Details
List Price: |
$2,400,000 |
Beds: |
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Baths: |
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Status: |
Active |
SqFt: |
6394 Square Feet |
Agency: |
Compass |
Description/Comments
Lot Size: |
0 sqft |
Property Type: |
Residential Multi Family-Other |
Year Built: |
1941 |
Notes: |
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. |
MlsNumber: |
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Listing Provided By: |
Compass, original listing |
Phone: |
(310) 230-5478 |
Office Phone: |
(310) 230-5478 |
Agent Name: |
Max Berger |
Disclaimer: |
Copyright © 2024 TheMLSCLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. |