$4,995,000
 $26,814 est/mo Sourced by Back At You

4718 Oakwood Avenue , Los Angeles, CA 90004

Los Angeles, CA 90004

Share with a friend

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.

Details

MLS#SR24102025
Listing TypeFor Sale
StyleTown House
Sub-TypeResale
StatusActive
Year2010
Days On Site170
Listing Provided ByThe Agency 818-379-7700 | Ray Akbari

Features

SQ Feet3,117
Story(s)1
Building(s)2
ZoningLAR3
Acreage0.51

Market Activity 90004

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the California Regional MLS.

Request a showing

Request a showing

Loading Form
Listings Checked: 5 minutes ago
StateCA
CountyLos Angeles
CityLos Angeles
Zip Code90004
AreaC18 Hancock Park Wilshire
Listing VS Median (in 90004)
Price:
$4,995,000
low | high
Med:
$949,500
100% of Average
SqFt:
3,117
low | high
Med:
1,627
97.818415142765% of Average
$ / SqFt:
$1,603
low | high
Med:
$588
100% of Average
On Site:
170
low | high
Med:
88.500000
100% of Average
Sourced by Back At You
Listing Updated: September 30, 2024 at 6:59:37 PM PDT