6
See all 6 photos
$4,995,000
Est. payment /mo
0.51 Acres Lot
Pending
4718 Oakwood Avenue Los Angeles, CA 90004
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Key Details
Property Type Vacant Land
Sub Type Unimproved Land
Listing Status Pending
Purchase Type For Sale
MLS Listing ID CRSR24102102
HOA Y/N No
Lot Size 0.511 Acres
Acres 0.51
Property Sub-Type Unimproved Land
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
Zoning LAR3
Interior
Fireplace No
Exterior
Utilities Available Other Water/Sewer, Water Connected
View Y/N false
View None
Building
New Construction No
Others
Tax ID 5522032014
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Listed by Ray Akbari • The Agency
A FEW WORDS FROM PAST CLIENTS
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Mike & Jules Guzzardo Team With Jenny Biczkow
Realtor | r01066846,01955798,02086289