4754 Oakwood Ave is a 16-unit Mid City LA multifamily property offering immediate income with significant upside potential—positioned just one mile east of Larchmont Boulevard, one of the city’s most charming retail corridors known for its boutique shops, popular cafés, and iconic eateries. With a strong walkable location and built-in rental growth, this asset presents a strategic opportunity for value-add investors.

Built in 1941, the building consists of (16) bachelor units, each averaging approximately 400 square feet. Interiors feature generous natural light through large picture windows, wood-laminate flooring, coat closets, and ample cabinetry—providing comfortable layouts well-suited for students, creatives, or professionals seeking efficient housing in a high-demand location.

At the time of listing, 4754 Oakwood Ave was offered at just $150,000 per unit, a 10.57 GRM, and a 5.77% CAP rate on current income. With two units delivered vacant and approximately 44% rental upside, a future investor can reposition the property to achieve a projected 9.78% CAP rate and 7.33 GRM once stabilized at market rents.

The building’s centralized location provides excellent tenant access to Koreatown, Hollywood, Larchmont, and the greater Mid-City corridor, making it attractive to renters who prioritize location, lifestyle, and affordability. The unit mix and compact design also offer a more hands-off management profile compared to larger, higher-turnover properties.

For investors seeking a well-located Mid City LA multifamily opportunity with two vacant units, strong cash flow, and long-term upside, 4754 Oakwood Ave represents one of the most compelling value-add plays currently available in the submarket.