$ 4,995,000
4718 Oakwood Avenue Los Angeles, CA 90004
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Listed by Ray Akbari • The Agency
$ 4,995,000
Est. payment /mo
Active
4718 Oakwood Avenue Los Angeles, CA 90004
22,253 SqFt
UPDATED:
11/12/2024 09:01 AM
Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Active
Purchase Type For Sale
Square Footage 22,253 sqft
Price per Sqft $224
MLS Listing ID CRSR24102102
HOA Y/N No
Originating Board Datashare California Regional
Lot Size 0.511 Acres
Property Description
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.
Location
State CA
County Los Angeles
Interior
Fireplace No
Exterior
View None
Building
Water Public
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