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8450 Oakwood Ave, Los Angeles, CA 90048

List Price: $2,500,000On Market FlagOn market
Jan 23, 20252,249 sqft4 beds2 baths
Listed by: Adam Kanizo
License #: 02008361
Phone #: 818-292-1346
Paloma Realty Partners, Inc.
Source:
CRMLS Logo
MLS #: 25487923

Property Description

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!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$27,660

TurboHome Estimated Value

$2,172,000

$966 sqft

High Valuation
$2,280,600
$1014/sqft
Normal Valuation
$2,172,000
$966/sqft
Low Valuation
$2,063,400
$917/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$966/sqft$2,172,000

Neighborhood: Mid City West

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Comparative Value

$1.60M

$1.90M

$2.06M

$2.27M

$2.48M

$2.50M

336 N Crescent Heights Blvd, Los Angeles, CA 90048

Sale Price: $1,600,000

Selected Comparable

108 N Laurel Ave, Los Angeles, CA 90048

Sale Price: $1,900,000

Selected Comparable

6620 Drexel Ave, Los Angeles, CA 90048

Sale Price: $2,055,000

Selected Comparable

333 N Orlando Ave, Los Angeles, CA 90048

Sale Price: $2,275,000

Selected Comparable

415 N Harper Ave, Los Angeles, CA 90048

Sale Price: $2,475,000

Selected Comparable

8450 Oakwood Ave, Los Angeles, CA 90048

List Price: $2,500,000

Subject Property

Neighborhood Comps

Subject Property

SUBJECT
8450 Oakwood Ave, Los Angeles, CA 90048

8450 Oakwood Ave, Los Angeles, CA 90048

List: $2,500,000

Listed: 1/23/2025

Area:2,249 sqft
Price/sqft:$1,112
Beds:4
Baths:2
Year Built:
Lot Size:7,759

Comparable Properties

COMPARABLE
Choose comps
415 N Harper Ave, Los Angeles, CA 90048

415 N Harper Ave, Los Angeles, CA 90048

Sale: $2,475,000

6/17/20250.33 mi

Area:1,893 sqft
Price/sqft:$1,307
Beds:3
Baths:2
Year Built:
Weight:21.4%
6620 Drexel Ave, Los Angeles, CA 90048

6620 Drexel Ave, Los Angeles, CA 90048

Sale: $2,055,000

10/28/20240.64 mi

Area:2,567 sqft
Price/sqft:$801
Beds:4
Baths:3
Year Built:
Weight:20.1%
108 N Laurel Ave, Los Angeles, CA 90048

108 N Laurel Ave, Los Angeles, CA 90048

Sale: $1,900,000

12/17/20240.64 mi

Area:2,042 sqft
Price/sqft:$930
Beds:3
Baths:2
Year Built:
Weight:19.8%
333 N Orlando Ave, Los Angeles, CA 90048

333 N Orlando Ave, Los Angeles, CA 90048

Sale: $2,275,000

1/10/20250.11 mi

Area:1,800 sqft
Price/sqft:$1,264
Beds:3
Baths:2
Year Built:
Weight:19.6%
336 N Crescent Heights Blvd, Los Angeles, CA 90048

336 N Crescent Heights Blvd, Los Angeles, CA 90048

Sale: $1,600,000

2/7/20250.54 mi

Area:1,846 sqft
Price/sqft:$867
Beds:3
Baths:2
Year Built:
Weight:19.1%

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