Available

4053 Oakwood Ave

Los Angeles, CA 90004
$2,200,000
4053 Oakwood Ave, Los Angeles, CA 90004 — building exterior
12
Units
$183,333
Price / Unit
1963
Year Built
$212
Price / SF
10,371
Building SF

About the Property

We are pleased to present 4053 Oakwood Avenue, a rare 12-unit multifamily investment opportunity strategically located in a high-demand Hollywood enclave, bordered by the vibrant and rapidly appreciating neighborhoods of Larchmont Village, Silver Lake, and Koreatown.This well-maintained, 10,371-square-foot building offers an ideal unit mix of (2) Studios, (5) One-Bedroom Units, and (5) Two-Bedroom, Two-Bath Units, averaging an impressive 864 square feet per unit. Each residence features a private balcony or patio and efficient, tenant-friendly layouts that enhance livability and long-term tenancy.With over 25% rental upside, this offering presents a compelling value-add opportunity for investors seeking strong in-place cash flow with significant near-term growth potential. The property’s central location provides tenants with excellent connectivity, just two blocks from the 101 Freeway and the Vermont/Beverly Metro Station, ensuring easy access to DTLA, Hollywood, and beyond.Don’t miss the chance to acquire a stable, well-located asset with built-in value and long-term upside in one of L.A.’s most desirable rental corridors.

Location

Deal Highlights

Prime Hollywood Location
The property sits in a high-demand Hollywood pocket bordered on all sides by trending neighborhoods: Larchmont Village to the west, Virgil Village to the north, Silver Lake to the east and Koreatown on the southern boundary.
Great Unit Mix
The 12-unit building offers an ideal mix of (5) two-bedroom, two-bath units, (5) one-bedroom, one-bath units and (2) studios spread over 10,371 square feet, averaging an impressive 864 square feet per unit.
25% Rental Upside
Current rents are approximately 25% below market, allowing a new owner to increase cash flow through unit renovations as units turn. The offering is priced at an 8.66 GRM and a 6.81% cap rate on current income, rising to a 7.13 GRM and 9.09% cap rate at market rents.
Large Units With Great Layouts
The two-bedroom, two-bath units are approximately 1,000 square feet, the one-bedrooms approximately 800 square feet and the studios approximately 500 square feet. Every residence has a private balcony or patio.
Two Blocks From the Metro and the 101
The Beverly/Vermont Metro Station and the on-ramps to the 101 Freeway are each two blocks away, giving tenants easy access to Downtown LA, Hollywood and beyond. The building is 100% occupied with nine on-site parking spaces and a completed soft-story retrofit.

Area Demographics

38
Median Age
$72,558
Avg. Household Income
79,013
Population
$953,413
Median Home Value
78
Walk Score
66
Transit Score
66
Bike Score

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