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.