4727 Oakwood Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 6 bed, 5 bath
4727 Oakwood Avenue
Los Angeles, California 90004
Property Price
SUMMARY
Analysis of 4727 Oakwood Avenue, Los Angeles, California 90004 is currently available with a list price of $2,499,999. The property maintains a Fair Condition Rating (50/100), suggesting the property is in acceptable condition with potential for value enhancement through selective updates and improvements. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Condition Analysis
OVERALL CONDITION SCORE
Property is moderate renovation needed.
Built in 1914, this property is well-maintained and livable, but shows signs of age and piecemeal updates rather than a comprehensive modern renovation. The kitchen features older-style cabinets, laminate countertops, and a mix of appliances (newer range, older refrigerator). Bathrooms have basic vanities and exposed electrical conduit, indicating functional but outdated systems. The presence of window AC units suggests a lack of central cooling. While clean and functional, the property requires minor updates to meet current aesthetic and comfort standards.
PROSSTRENGTHS & OPPORTUNITIES
- Exceptional Location
Strategically located in the highly sought-after Koreatown and Hancock Park area, offering prime access to Larchmont Village, Melrose, and Mid-Wilshire, which ensures strong demand and potential for appreciation.
- Income-Generating Asset
Classified as a Residential Income property (Quadruplex) with 3 additional units, providing a significant opportunity for passive monthly income, highly attractive to investors.
- Investment & Redevelopment Potential
Situated in a 'great redevelopment area' with 'great potentials and business opportunities,' indicating strong prospects for future value growth and strategic investment.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
- Historic Property Age
Built in 1914, the property's age may necessitate ongoing maintenance, potential updates to older systems (plumbing, electrical), and could incur higher upkeep costs over time.
- Absence of Premium Views
The property does not offer any specific desirable views ('view: None'), which can be a differentiating factor and a premium amenity in the competitive Los Angeles real estate market.
About 4727 Oakwood Avenue
LOCATION, LOCATION,LOCATION. WELCOME TO OUR STYLISH 3BDR/2BA HOME IN THE HEART OF KOREATOWN AND HANCOCK PARK AREA. A GREAT OPPURTUNITY FOR FIRST TIME BUYERS AND INVESTORS. 3 UNITS AT THE BACK WHICH GIVES A PASSIVE INCOME MONTHLY. JUST MOVE RIGHT IN. LOCATED IN THE VICINITY OF LARCHMONT VILLAGE, MELROSE AND MIDWILSHIRE. GREAT REDEVELOPMENT AREA. A LOT OF GREAT POTENTIALS AND BUSINESS OPPURTUNITIES.
Property Details
Public Facts
- Property Type
- Quadruplex
- Year Built
- 1914
- Lot Size
- 7,258 Sq. Ft.
Interior
- Total Bedrooms
- 6
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Van Ness Avenue Elementary School
Grades K-5 • 0.4 mi
Third Street Elementary School
Grades K-5 • 1.5 mi
Joseph Le Conte Middle School
Grades 6-8 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 2.0 | 75% |
| Baths | 5.0 | 1.5 | 75% |
| Square foot | 3,024 | 3,203 | 50% |
| Lot Size | 7,258 | 7,504.5 | 25% |
| Price | $2.50M | $1.29M | 75% |
| Price per sq ft | $827 | $426 | 75% |
| Built year | 1914 | 1922 | 25% |
| HOA | $0 | $0 | 50% |
| Days on market | 37 | 124 | 50% |
Pricing History
Listed for Sale
Jan 28, 2026
$2,499,999
Initial Listing
Sold
Nov 1, 2017
$265,000
Public Record
Sold
Nov 1, 2002
$485,000
Public Record