4718 Oakwood, Los Angeles CA, 90004

Active

4718 Oakwood

Los Angeles CA, 90004

$4,995,000

$224.45 per sqft

Active

0.51 Acres

Land

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.

SR24102102

MLSⓇ ID

May 20, 2024

Listed

September 16, 2024

Updated

Map

4718 Oakwood
Los Angeles CA, 90004

Exterior/Building Features

Lot Size: 0.51 Acres
Lot Features: Sidewalks

Other Property Details

Days on Market: 5
Garage: No
View: No
County: Los Angeles
Pool: No

Listed by The Agency, ,
Listing Contact: 818-400-4344

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Data last updated 11:58 PM UTC, 9/16/2024