4754 Oakwood Ave, Los Angeles, CA 90004
About the Property
4754 Oakwood Ave is a 16-unit multifamily property located approximately 1 mile east of Larchmont Village and just north of Beverly Blvd, positioning it within one of Mid-City Los Angeles’ most consistently leased rental corridors. The property is offered at $150,000 per unit, a 10.62 GRM, and a 5.73% CAP rate on current rents, with approximately 44% rental upside to renovated market comparables.
This section of Mid-City continues to attract tenants seeking proximity to Larchmont Village without paying Larchmont pricing. The surrounding area provides direct access to Beverly Blvd, Melrose Ave, Hollywood, Koreatown, and Hancock Park, supporting sustained renter demand driven by centrality rather than speculation.
Bachelor Unit Configuration That Performs in Mid-City
4754 Oakwood Ave is comprised of 16 bachelor units averaging approximately 400 SF each. This unit type has historically performed well in this portion of Mid-City, appealing to renters prioritizing location, affordability, and efficient layouts over excess square footage.
Each unit features wood-laminate flooring, coat closets, ample cabinet space, and large picture windows that bring in strong natural light. The layouts are functional and consistent across the property, creating a clear framework for interior renovation without requiring structural changes or reconfiguration.
In-Place Income With Clear Path to Rent Growth
The property is currently offered at a 10.62 GRM and 5.73% CAP rate on existing rents. Based on renovated bachelor unit comparables in the immediate area, rents are approximately 44% below market. At projected market rents, the property is expected to stabilize at a 9.43% CAP rate and a 7.53 GRM.
Two units are currently vacant, providing immediate access for renovation and establishing a finish benchmark without relying on tenant displacement. Remaining upside is driven by interior upgrades rather than assumptions around zoning, density, or redevelopment.
Proximity to Larchmont Village and Core Mid-City Amenities
4754 Oakwood Ave sits approximately 1 mile from Larchmont Village, a retail corridor anchored by daily-use amenities, independent cafés, and established neighborhood tenants including Go Get Em Tiger, Groundwork Coffee, Levain Bakery, Salt & Straw, and Larchmont Wine & Cheese. The property also benefits from close proximity to Beverly Blvd and Melrose Ave, reinforcing walkability and accessibility.
This location continues to draw renters priced out of West Hollywood and central Hollywood who still want proximity to employment, dining, and lifestyle amenities without long commute patterns.
Mid-City Value-Add With Straightforward Execution
Built in 1941, 4754 Oakwood Ave reflects a classic Mid-City apartment profile with a unit mix, scale, and layout that lend themselves to phased renovation. The building’s size allows ownership to execute upgrades gradually, aligning capital deployment with leasing cycles rather than forcing immediate repositioning.
The value-add thesis is driven by interior improvements and market rent alignment, not external variables. This makes the asset well suited for investors focused on execution-based returns in a location with consistent tenant demand.
Conclusion: Mid-City Apartment Building With Measurable Upside
4754 Oakwood Ave offers a 16-unit multifamily opportunity near Larchmont Village with in-place income, clearly defined rental upside, and a unit configuration that continues to perform in Mid-City Los Angeles. Offered at a basis below nearby renovated assets and supported by strong central location fundamentals, 4754 Oakwood Ave presents a compelling value-add opportunity for investors seeking yield expansion through disciplined renovation rather than speculation.
Marketing Package:
Property Location
Sold Price
$2,200,000
Information
Number of Units
16 Units
Price per. Unit
$150,000
Bldg. Size
Price per Foot
Lot Size
Year Built
Current CAP
5.73%
Market CAP
Zoning
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