Active
4718 Oakwood AVE
LOS ANGELES CA, 90004
$4,995,000
$224.46 per sqft
Active
0.51 Acres
Land
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.
SR24102102MR
MLSⓇ ID
May 20, 2024
Listed
August 23, 2024
Updated
Map
4718 Oakwood AVE
LOS ANGELES CA, 90004
Exterior/Building Features
Lot Size
0.51 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Hancock Park-Wilshire
Days on Market
8
Garage
No
View
No
View Description
None
County
Los Angeles
Water Source
Public
Pool
No
Zoning
LAR3
Listed by Ray Akbari with The Agency
Listing Contact: 818-400-4344
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Adam Kang shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 8/23/2024
