Seize a rare and extraordinary opportunity to acquire and redevelop a three-lot assemblage spanning 22,253 square feet in the highly sought-after Greater-Wilshire neighborhood of Los Angeles. This property, available for the first time in over 50 years, includes 4718, 4720, and 4726 Oakwood Ave. The assemblage features two existing single-family residences: one with 2 bedrooms, 1 bathroom, and 1,065 square feet of living space, and the other with 3 bedrooms, 2 bathrooms, with 2,052 square feet of living space. The center lot is currently used as a driveway. Zoned LAR3 and located in TOC Tier 3, this prime location offers developers the potential to build up to 48 units with a TOC density bonus or up to 60 units, including 12 ADUs, with AB-2221(includes 12 ADUs) with a building envelope of 83,359 square feet. This is a once-in-a-generation chance to transform and maximize the value of a prime real estate asset in one of LA’s most desirable areas.
Property Details
Price:
$4,995,000
MLS #:
SR24102102
Status:
Pending
Baths:
0
Address:
4718 Oakwood Avenue 5522032014
Type:
Land
Neighborhood:
c18hancockparkwilshire
City:
Los Angeles
Listed Date:
May 20, 2024
State:
CA
ZIP:
90004
Lot Size:
22,253 sqft / 0.51 acres (approx)
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- Address4718 Oakwood Avenue 5522032014 Los Angeles CA
- AreaC18 – Hancock Park-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90004
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4718 Oakwood Avenue 5522032014
Los Angeles, CA
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