Pending

4718 Oakwood

Los Angeles CA, 90004

$4,995,000


$224.45 per sqft

Pending

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

December 17, 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

210


Garage

No


View

No


County

Los Angeles


Pool

No

Listing History

Date

Event

Price

12/17/2024

Pending

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

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Data last updated 11:09 PM UTC, 12/17/2024

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