4727 Oakwood Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 6 bed, 5 bath
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Los Angeles, California 90004
Analysis of 4727 Oakwood Avenue, Los Angeles, California 90004 is currently available with a list price of $2,399,000. 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.
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 Bathrooms have basic vanities and exposed electrical conduit, indicating functional but outdated systems.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.
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.
Classified as a Residential Income property (Quadruplex) with 3 additional units, providing a significant opportunity for passive monthly income, highly attractive to investors.
Situated in a 'great redevelopment area' with 'great potentials and business opportunities,' indicating strong prospects for future value growth and strategic investment.
Bedroom count discrepancy between mls listing and other public or private record. mls listing bedroom count = 6, other record bedroom count = 5.
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.
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.
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.
No exterior & parking available.
Grades K-5 • 0.4 mi
Grades K-5 • 1.5 mi
Grades 6-8 • 1.3 mi
No sensitive facilities data found.
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 6.0 | 4.0 | 67% |
| Baths | 5.0 | 3.0 | 67% |
| Square foot | 3,024 | 3,382 | 33% |
| Lot Size | 7,258 | 7,505 | 33% |
| Price | $2.40M | $1.10M | 67% |
| Price per sq ft | $793 | $318 | 67% |
| Built year | 1914 | 1921 | 33% |
| HOA | $0 | $0 | 50% |
| Days on market | 84 | 84 | 67% |
Apr 10, 2026
$2,399,000
$2,499,999
-4% Price Drop
Initial Listing
Jan 28, 2026
$2,499,999
Initial Listing
Nov 1, 2017
$265,000
Public Record
Nov 1, 2002
$485,000
Public Record