4718 Oakwood Avenue, Los Angeles, CA 90004 - Berkshire Hathaway HomeServices California Properties
4718 Oakwood Avenue Los Angeles, CA 90004
$4,995,000 0 beds, 0 baths
0 sqft

Agent Remarks

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.

Listing Details

Property type: Multi Family (Commercial)
Status: Pending
MLS# SR24102025
List price is $4,995,000
Beds: 0
Baths: 0
Built in 2010
0.51 acres
Lot size: 0.5109
County: Los Angeles
Zoning: LAR3
Lot description: Rectangular Lot
MLS area: C18 - Hancock Park-Wilshire

Last Updated: 12/19/2024

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This listing belongs to the C18 - Hancock Park-Wilshire MLS area

Lat/Long: 34.076953, -118.309862.
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Listing Agent: Ray Akbari
Co Listing Agent: Cyrus Ahmadi
Lic#: 01234982
Office Name: Mission Viejo

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