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:
Active
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)
See this Listing
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Schools
Interior
Exterior
Community Features
Sidewalks
Lot Features
Rectangular Lot
Sewer
Public Sewer
View
None
Water Source
Public
Financial
Association Fee
0.00
Utilities
Electricity Connected, Sewer Connected, Water Connected
Map
Community
- Address4718 Oakwood Avenue 5522032014 Los Angeles CA
- AreaC18 – Hancock Park-Wilshire
- CityLos Angeles
- CountyLos Angeles
- Zip Code90004
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Courtesy of The Agency. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than include the name of the listing broker. Neither the listing company nor shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. California Regional Multiple Listing Service. All rights reserved.
4718 Oakwood Avenue 5522032014
Los Angeles, CA
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