Closed Listing
16 Bachelor Units near Larchmont Village
4754 oakwood ave
sold in
Mid-City
Sold At
$
2,200,000
16
Number of Units
1941
Year Built
6,394
SF
Square Footage
7,253
SF
Lot Size
LAR3
Zoning
4754 Oakwood Ave, Los Angeles, CA 90004
About the Property
4754 Oakwood Ave is a 16-unit property offered at $150,000 PPU & 10.57 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. Built in 1941, 4754 Oakwood features (16) bachelor units that average approx. 400 SF each. Each studio 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 10.57 GRM and 5.77% CAP on current rents, with 2 VACANT UNITS and approx. 44% rental upside. By achieving market rents, 4754 Oakwood will stabilize at a 9.78% CAP and 7.33 GRM.
16
Number of Units
1941
Year Built
6,394
SF
Square Footage
7,253
SF
Lot Size
LAR3
Zoning
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$137,500
Price p/ Sq. ft.
$344
Proforma Cap Rate
10.40%
Contact
Sales agent
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