CA > Los Angeles
Los Angeles, CA 90004,4718 Oakwood
Los Angeles, CA 90004,4718 Oakwood
Los Angeles, CA 90004,4718 Oakwood
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$4,995,000
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0.51 Acres Lot
Pending

4718 Oakwood Los Angeles, CA 90004

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Richard Combs

Richard Combs

+1(619) 838-9307

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Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SR24102102

HOA Y/N No

Lot Size 0.511 Acres

Acres 0.5109

Property Sub-Type Lots/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 LAs most desirable areas.
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 LAs most desirable areas.

Location

State CA

County Los Angeles

Area Los Angeles (90004)

Exterior

Utilities Available Electric

Building

Lot Description Sidewalks

Others

Monthly Total Fees $39

Acceptable Financing Cash

Listing Terms Cash

San Diego Regional MLS (SDMLS)
Listed by Ray Akbari • The Agency

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agent

Richard Combs

Broker | License ID: 01526804

+1(619) 838-9307

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4718 Oakwood

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