4367 Oakwood, Los Angeles

$ 2,365,000
Purpose Sale
Agent Clint Lukens
Area 13952 SF

4367 Oakwood Ave, Los Angeles, CA 90004

4367 Oakwood is a completely RENOVATED character building located in Koreatown, just one block away from Beverly Blvd. and Normandie Ave. There is great, solid cash flow in place, and major upside still available in rents. The property’s unit mix is composed of 6 (1+1) units, and 18 spacious singles. Originally constructed in 1928, composed of 13,952 square feet, the building maintains it’s 1920’s charm while providing tenants with all the comfort of newly rehabilitated units, as of 2010. 4367 Oakwood features a new roof as of 2008, completely remodeled kitchens, new flooring, rebuilt bathrooms, and new copper plumbing throughout since 2010! It’s prime location provides its tenants with easy accessibility to the metro station and retail all along Beverly Blvd.

Koreatown is a neighborhood in the Mid-Wilshire district of the City of Los Angeles, home to a population of over 120,000 and covering just under 3-square-miles. The neighborhood is in the midst of a construction boom that has helped fuel an influx of new residents priced out from nearby Los Feliz, Silver Lake, Hancock Park, and West Hollywood. The neighborhood is known for its many commercial and residential mid and high rise towers, its rich collection of pre-1940 colonial revival buildings, fashion boutiques, and holding the largest concentration of nightclubs and 24-hour businesses and restaurants in Southern California.

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