Oakwood Manor

Los Angeles, CA 900044621 Oakwood Ave.

Property Type: Multifamily
Sold/Closed

Details

  • Price: $1,350,000
  • Cap Rate: 5.79%
  • GRM: 14.01
  • Cost per SF: $508.51
  • Cost per unit: $672,500
  • Year Built: 1918
  • Square Footage: 2,645
  • Lot Size: 3,808 SF
  • Units: 2
  • No. Stories: 2
  • Parking: 2
  • Transaction Type: Sold/Closed
  • Property Type: Multifamily
  • Zoning: LAR3
  • Building Class: N/A
  • APN/Parcel ID: 5521-016-017
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Property Description

4619-4621 Oakwood Ave. consists of two spacious houses on one lot. The older house’s construction is a paneled wood frame with a pitched roof, while the newer house is a painted stucco exterior with a pitched roof. Development of the older house was completed in 1918 while the newer house was completed in 2015 with a combined total of 2,645 building square feet on a 3,809 square foot lot. Current zoning is LAR3.

The homes are spacious and consist of 1(4+2) and 1 (2+2) units with no shared walls. Both houses will be delivered vacant and in move-in ready condition. Either home will serve as a great owner-user unit or can be rented for maximum rent. Each structure’s amenities include washer/dryer hook-ups, central air conditioning, stoves, dishwasher, garbage disposal, nest thermostat and plenty of closet / storage space. The 1918 built (4+2) comes with wood flooring, custom tile flooring, character details reminiscent of turn of the century craftsmanship & architecture. The 2015 built 2+2 includes smooth ceilings with plenty of natural lighting, granite countertops, new solid wood cabinets with laminate flooring.

The building is accessible in the front of the property off Oakwood Ave. There is an enormous garage with a roll-up door in the front and the rear that can accommodate many parking spaces!

Aesthetically, the property grounds and building are well maintained and attractive. The drought resistant landscaping is well kept and manicured. The structure has impressive frontage providing for attractive curb appeal. This is truly a pride of ownership property and an excellent investment opportunity.

4619-21 Oakwood Ave. is in a desirable Mid-Wilshire enclave known as Melrose Hill. The property is conveniently located just a short drive away from the 101 Freeway. The property is situated in a low traffic quiet residential tree lined street. The immediate vicinity consists of apartment buildings and single-family homes. This asset also has a 94 walk score allowing for excellent walkability to nearby shops & restaurants. The Vermont metro line is also around a 20 min walk. Larchmont Village, Hollywood, and Korea Town are also within reach.

Property Highlights

  • 2 Fully Renovated Homes On A Lot With No Shared Walls.
  • Spacious Units
  • In-Unit Washer Dryers
  • Lots of Character & Charm
  • 94 Walk Score!
  • Convenient to Local Shops & Restaurants
  • Highly Desirable Melrose Hill Neighborhood

Sales Team

Raymond A. Rodriguez IV

Founding PartnerMultifamily Investment Sales
866.582.7865 ray@lucrumre.com CA Licence: 01402283 Download Bio

Scotty Weisstein

PartnerMultifamily Investment Sales
818.205.8847 scotty@lucrumre.com CA Licence: 01483264 Download Bio

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