4727 Oakwood Avenue, Los Angeles, California 90004, Los Angeles, 90004 - 5 bed, 4 bath
ACTIVE$2,499,000
4727 Oakwood Avenue, Los Angeles, California 90004
5Beds
4Baths
3,024Sqft
7,258Lot
Year Built
1914
Close
-
List price
$2.5M
Original List price
$2.5M
Price/Sqft
$826
HOA
-
Days on market
-
Sold On
-
MLS number
SR25103354
Home ConditionFair
Features
View-
About this home
We found 3 Cons,5 Pros. Rank: price - $2.50M(67th), sqft - 3024(50th), beds - 5(67th), baths - 4(67th).
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.
Nearby schools
6/10
Van Ness Avenue Elementary School
Public,•K-5•0.4mi
8/10
Third Street Elementary School
Public,•K-5•1.5mi
3/10
Joseph Le Conte Middle School
Public,•6-8•1.3mi
3/10
Hubert Howe Bancroft Middle School
Public,•6-8•1.7mi
7/10
John Burroughs Middle School
Public,•6-8•1.8mi
4/10
Helen Bernstein High School
Public,•9-12•1.2mi
7/10
Fairfax Senior High School
Public,•9-12•2.9mi
Price History
Date
Event
Price
11/01/17
Sold
$265,000
11/01/02
Sold
$485,000
Condition Rating
Fair
The property was built in 1914. The images show that the property has been maintained, but the kitchen and bathrooms appear outdated. The appliances are older, and the styles are not modern. The property requires minor updates or repairs.
Pros & Cons
Pros
Prime Location: Located in the heart of Koreatown and Hancock Park area, offering excellent access to amenities and attractions.
Income Potential: Features 3 units at the back, providing a passive monthly income stream for investors.
Redevelopment Area: Situated in a great redevelopment area with a lot of potentials and business opportunities.
Proximity to Key Areas: Located in the vicinity of Larchmont Village, Melrose, and MidWilshire, offering diverse lifestyle options.
Large Lot Size: The lot size is 7,258 sqft, which provides ample space for outdoor activities or potential expansion.
Cons
Age of Property: Built in 1914, the property may require updates or renovations to meet modern standards.
Potential Renovation Costs: As an older property, there may be unforeseen maintenance or repair costs associated with the building's infrastructure.
Competition: The area is described as a redevelopment area, which means there may be competition from new developments.