4754 Oakwood Ave, Los Angeles, CA 90004

16 Unit Apartment Building | $2,400,000 ($150,000/Unit) | 5.73% Cap Rate | Los Angeles, CA 90004

Asking Price $2,400,000

Property Type: Multifamily
Square Feet: 6,394 SF

Listing Contacts

Kenny Stevens

Max Berger

Property Overview

Located 1 mile from Larchmont Blvd. & Melrose Ave, 4754 Oakwood 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. 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 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.

Property Details

Class: C
Year Built: 1941
Stories: 2
Lot Size (sq. ft): 7,405 SF
Units: 16

Highlights

Located 1 mile from Larchmont Blvd - an elegant commercial hub is home to an array of beloved boutiques, bustling cafes, and iconic eateries
Located just north of Beverly Blvd, the property is in close proximity to Hollywood, Koreatown, and Hancock Park
Offered at $150,000 per unit, $375 per foot, 5.77% CAP, and 10.57 GRM on current rents
Approx. 41% rental upside with 2 VACANT units - at projected market rents, the property will stabilize at a 5.77% CAP and 10.57 GRM
Property amenities include a laundry room, and a large backyard with a large mature tree that provides ample shaded seating

Nearby Properties

$2,400,000

10.57 GRM & 5.77% CAP & $150K PPU in 90004

16 Unit Apartment Building | $2,400,000 ($150,000/Unit) | 5.73% Cap Rate | Los Angeles, CA 90004

4754 Oakwood Ave
Los Angeles, CA 90004

View Details
$5,995,000

3-Lot Assemblage Greater-Wilshire | Zoned C2

0.48 Acres of Residential Land Offered at $5,995,000 USD in Los Angeles, CA 90004

4623-4631 Beverly Blvd
Los Angeles, CA 90004

View Details
$5,998,000

Beverly Medical Plaza

7,228 SF | 72% Leased | Office Building | Los Angeles, CA 90004 | $5,998,000 ($830/SF)

4620 Beverly Blvd
Los Angeles, CA 90004

View Details
$4,600,000

Existing 5.5% Cap w upside to 9.6% Cap

17 Unit Apartment Building | $4,600,000 ($270,588/Unit) | 5.55% Cap Rate | Los Angeles, CA 90004

204 Manhattan Pl
Los Angeles, CA 90004

View Details
$1,299,800

4938 Maplewood

2 Unit Apartment Building | $1,299,800 ($649,900/Unit) | Los Angeles, CA 90004

4938 Maplewood Ave
Los Angeles, CA 90004

View Details
$2,300,000

8 Unit Apartment Building | $2,300,000 ($287,500/Unit) | 5.27% Cap Rate | Los Angeles, CA 90004

4950 Beverly Blvd
Los Angeles, CA 90004

View Details
$1,050,000

3 Unit Apartment Building | $1,050,000 ($350,000/Unit) | 2.61% Cap Rate | Los Angeles, CA 90004

4461 Oakwood Ave
Los Angeles, CA 90004

View Details

Similar Properties

$2,400,000

19,820 SF Specialty Building Offered at $2,400,000 in Westfield, MA 01085

79 Mainline Dr
Westfield, MA 01085

View Details
$2,400,000

71,955 SF | Office Building | Mansfield, OH 44907 | $2,400,000 ($33/SF)

665 Lexington Ave
Mansfield, OH 44907

View Details
$2,400,000

Quality Inn & Suites Prairie Du Chien

42 Room Hotel | Prairie Du Chien, WI 53821 | $2,400,000 ($57,143/Room)

37268 Us Highway 18
Prairie Du Chien, WI 53821

View Details
$2,400,000

BEACHCOMBER

57 Unit Apartment Building | $2,400,000 ($42,105/Unit) | 9.50% Cap Rate | Conesus, NY 14435

5909 Lake Rd
Conesus, NY 14435

View Details
$2,400,000

46.5 Acres of Commercial Land Offered at $2,400,000 USD in Sheffield Village, OH 44054

5504-5506 Colorado Ave
Sheffield Village, OH 44054

View Details
$2,400,000

3.28 Acres of Commercial Land Offered at $2,400,000 USD in Stockton, CA 95212

8103 Ca-99
Stockton, CA 95212

View Details
$2,400,000

17,500 SF | Industrial Building | Bryan, TX 77803 | $2,400,000 ($137/SF)

1514 Shiloh Ave
Bryan, TX 77803

View Details

FAQ

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?: Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?: Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker: We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
What is the difference between Tier 1 & Tier 2 in the Due Diligence Vault?: Documents that are placed in a Tier-1 Due Diligence vault require the execution of a Confidentiality Agreement (“CA”) for access. Documents and folders placed in the Tier-2 vault are intended to have an added layer of security and require the execution of a CA in addition to required Broker approval for access.
How do I unsubscribe from emails?: At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].