Property Details
About this Property
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 Listing Information
MLS #
CRSR24102102
MLS Source
California Regional MLS
Days on Site
188
Parking, School, and Other Information
HOA Fee
$0
Zoning
LSR
Contact Information
Listing Agent
Ray Akbari
The Agency
License #: 01447600
Phone: (818) 400-4344
Co-Listing Agent
Cyrus Ahmadi
Standard Realty
License #: 01098856
Phone: (818) 996-7766
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
4718 Oakwood Ave is in Los Angeles, CA 90004. This Land is currently priced at $4,995,000. This address can also be written as 4718 Oakwood Ave, Los Angeles, CA 90004.
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This listing information is up-to-date as of November 12, 2024. For the most current information, please contact Ray Akbari, (818) 400-4344
