4754 Oakwood Ave, Los Angeles, CA 90004
Image 2 for 4754 Oakwood Ave, Los Angeles, CA 90004
Image 3 for 4754 Oakwood Ave, Los Angeles, CA 90004
View Photos

4754 Oakwood Ave Los Angeles, CA 90004

$2,310,000 Sold Price as of 07/16/2024
  • 0 Beds
  • 16 Baths
  • 6,394 Sq.Ft.
Sold
$2,310,000 Sold Price as of 07/16/2024 Refinance Your Mortgage

Map preview of 4754 Oakwood Ave, Los Angeles, CA 90004

Property Overview: 4754 Oakwood Ave Los Angeles, CA has -- bedrooms, 16 bathrooms, 6,394 living square feet and 7,253 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Max Berger | BRE #02054048 | Compass
Last checked: 12 minutes ago | Last updated: July 16th, 2024 | Source CRMLS | DOM: 46

Home details

Lot Sq. Ft
7,253
HOA Dues
$0/mo
Year built
1941
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
24395673
City
Los Angeles
County
Los Angeles
Time on Site
60 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 16
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 16
  • # of Beds: 0
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,167
  • Total Rent: $18,668
  • Pro Forma/Market Rent: $26,400
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 5.73%
  • Gross Rent Multiplier: 10.62
  • Gross Scheduled Income: --
  • Net Operating Income: $137,513
  • Gross Operating Income: $220,288
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 4754 Oakwood Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community, Individual Room
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
  • Security Features: Gated Community
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • No View
  • View: None
  • Total # of Units: 16
  • Parcel Number: 5522032021
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Located 1 mile east of Larchmont Blvd. (Larchmont Village) and just north of Beverly Blvd.
View more facts & features

Local Los Angeles Agent

Loading...

Sale History for 4754 Oakwood Ave

Last sold for $2,310,000 on July 16th, 2024
  • July, 2024

  • Jul 16, 2024

    Date

    Sold

    CRMLS: 24395673

    $2,310,000

    Price

  • May 23, 2024

    Date

    Active

    CRMLS: 24395673

    $2,400,000

    Price

  • July, 2021

  • Jul 1, 2021

    Date

    Expired

    CRMLS: 21728912

    $1,350

    Price

  • Jun 11, 2021

    Date

    Withdrawn

    CRMLS: 21728912

    $1,350

    Price

  • May 15, 2021

    Date

    Active

    CRMLS: 21728912

    $1,350

    Price

  • Listing provided courtesy of CRMLS

    Here you go, that studio apartment you have been looking for, priced just where you need it. Tucked in a central location on the edge of Korea Town and Larchmont, this studio offers clean laminate floors and an updated bathroom with an ample sized closed. UTILITIES are INCLUDED, a community yard just steps away from you and coin laundry is in the building. The unit does not offer a stove but has a hot plate for cooking. Street Parking only, no dogs but cats ok.

  • December, 1994

  • Dec 27, 1994

    Date

    Sold (Public Records)

    Public Records

    $290,000

    Price

  • December, 1994

  • Dec 20, 1994

    Date

    Sold (Public Records)

    Public Records

    $300,000

    Price

Show More

Tax History for 4754 Oakwood Ave

Assessed Value (2020): $555,295
Year Land Value Improved Value Assessed Value
2020 $337,883 $217,412 $555,295

Home Value Compared to the Market

This property vs the competition

4754 Oakwood Ave sold on July 16, 2024 for 88.38% higher than the current median sold price for the city of Los Angeles which is $1,274,000. The median sold price per/sqft for Los Angeles is $791 and this home is sold at $375.35 per/sqft which puts the price per square foot 52.55% lower than the current median sale per square foot for the city of Los Angeles.

About 4754 Oakwood Ave

Detailed summary of property

4754 Oakwood Ave is a multi family that recently sold in Los Angeles, CA 90004. This multi family property offered -- bedrooms, 16 bathrooms, roughly 6,394 living square feet, and sits on an approximately 7,253 square foot lot. 4754 Oakwood Ave was first listed on ArdentRealEstateGroup.com on May 23, 2024. The homeowner sold the property for $2,310,000. Home in Los Angeles are selling for a median price of $1,274,000 and a median price per square foot of $791. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 88.38% higher than the current median priced home. Local homes that are currently for sale include 838 S Gramercy Pl, 800 S Norton Ave and 753 Cole Ave. While the average home in Los Angeles, CA is selling in 102 days, 4754 Oakwood Ave has a days on market of 46 days. There are currently 4091 homes for sale in the Los Angeles real estate market and 2731 of them are single family homes while 1235 of them are condos and 119 are townhomes. For more information on this home for sale at 4754 Oakwood Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4754 Oakwood Ave

Public county record property details
Beds
--
Baths
16
Year built
1941
Sq. Ft.
6,394
Lot Size
7,251
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
35
APN
5522-032-021

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,249,000
Median List Price/Sq.Ft.
$746
Median Sold Price
$2,215,000
Median Sold Price/Sq.Ft.
$919
Total Inventory
69
Median Sale to List Price %
110.81%
Avg Days on Market
24
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

Thinking of Selling?


Image Description
Is this your property?
Thinking of Selling?

Call, Text or Message

Related Resources to 4754 Oakwood Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.