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.
MLS# | SR24102025 |
---|---|
Listing Type | For Sale |
Style | Town House |
Sub-Type | Resale |
Status | Active |
Year | 2010 |
Days On Site | 170 |
Listing Provided By | The Agency 818-379-7700 | Ray Akbari |
SQ Feet | 3,117 |
---|---|
Story(s) | 1 |
Building(s) | 2 |
Zoning | LAR3 |
Acreage | 0.51 |
State | CA |
---|---|
County | Los Angeles |
City | Los Angeles |
Zip Code | 90004 |
Area | C18 Hancock Park Wilshire |
Listing VS Median (in 90004) | |
Price: $4,995,000 low | high Med: $949,500 SqFt: 3,117 low | high Med: 1,627 $ / SqFt: $1,603 low | high Med: $588 On Site: 170 low | high Med: 88.500000 |