Positioned on the coveted corner of Oakwood and Alfred, this corner lot property presents a rare opportunity to own and transform a duplex into your own. The property is currently tenant occupied generating a gross annual income of $110,000. There are two 2/bed units on the 7,759 square foot lot which includes a detached garage and backyard, making it a perfect owner/user as is. However, the property comes with development plans for a sophisticated 2-story home complete with a luxurious basement, private cabanas, a sparkling pool, and an additional ADU perfect for hosting, working, or renting out. Nestled just moments from La Cienega, this sought-after neighborhood offers unbeatable access to some of LA’s most iconic hotspots, from world-class dining and trendy boutiques to the upscale Beverly Center. Whether you’re dreaming of your forever home or a savvy investment, this property is your blank canvas to create something extraordinary. Contact Adam Kanizo today for exclusive details and to explore the full vision of this one-of-a-kind property!
Property Details
Price:
$2,500,000
MLS #:
25487923
Status:
Active
Baths:
0
Address:
8450 Oakwood Avenue
Type:
Residential Income
Neighborhood:
c19beverlycentermiraclemile
City:
Los Angeles
Listed Date:
Jan 23, 2025
State:
CA
ZIP:
90048
Lot Size:
7,759 sqft / 0.18 acres (approx)
Year Built:
1940
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Schools
Interior
Cooling
None
Heating
None
Exterior
Parking Features
Converted Garage
Parking Spots
0.00
Financial
Map
Community
- Address8450 Oakwood Avenue Los Angeles CA
- AreaC19 – Beverly Center-Miracle Mile
- CityLos Angeles
- CountyLos Angeles
- Zip Code90048
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8450 Oakwood Avenue
Los Angeles, CA
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