4718 Oakwood Avenue, Los Angeles, CA 90004
  • MLS#: SR24102025 ( Multi Family )
  • Street Address: 4718 Oakwood Avenue
  • Viewed: 1
  • Price: $4,995,000
  • Price sqft: $0
  • Waterfront: No
  • Year Built: 2010
  • Bldg sqft: 0
  • Days On Market: 180
  • Additional Information
  • County: LOS ANGELES
  • City: Los Angeles
  • Zipcode: 90004
  • Provided by: The Agency
  • Contact: Ray Ray
  • California Regional MLS IDX
  • DMCA Notice
  • 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.
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Features
Additional Parcels Description
  1. 5522032015
  2. 5522032016
Building Area Total
  1. 3117.00
Commoninterest
  1. None
Country
  1. US
Land Use
  1. Multi-Family
Laundry Features
  1. None
Parcel Number
  1. 5522032014
Postalcodeplus4
  1. 3113
Property Type
  1. Multi Family
Utilities
  1. Electricity Connected
  2. Sewer Connected
Water Source
  1. Public
Year Built
  1. 2010
Year Built Source
  1. Assessor
Zoning
  1. LAR3