Listing by: Ray Akbari, The Agency, 818-400-4344

0 Beds

n/a Full bath

n/a SqFt

Active

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
Lot Size Area 22253
Lot Size Area Units Square Feet
Acres 0.5109
Property Type Land
Features Electricity Connected,Sewer Connected,Water Connected
Exterior Features Sidewalks
View None
Lot Description Rectangular Lot
Association Fee 0
Geographic Data
Directions North of Beverly Blvd - West of Western Ave.
County Los Angeles
Latitude 34.077025
Longitude -118.310034
Market Area C18 - Hancock Park-Wilshire
Address Information
Address 4718 Oakwood Avenue, Los Angeles, CA 90004
Postal Code 90004
City Los Angeles
State CA
Country United States
Listing Information
Listing Office The Agency
Listing Agent Ray Akbari
Listing Agent Phone 818-400-4344
Attribution Contact 818-400-4344
Compensation Disclaimer The offer of compensation is made only to participants of the MLS where the listing is filed.
Special listing conditions Standard
Ownership None
MLS Information
Days on market 175
MLS Status Active
Listing Date May 20, 2024
Listing Last Modified Nov 12, 2024
Tax ID 5522032014
MLS Area C18 - Hancock Park-Wilshire
MLS # SR24102102

This information is believed to be accurate, but without any warranty.
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