4718 Oakwood Avenue, Los Angeles, CA 90004

  • $4,995,000
  • $1,603
4718 Oakwood Avenue, Los Angeles, CA 90004
  • Commercial Sale
  • Property Type
  • 2010
  • Year Built
For Sale
4718 Oakwood Avenue, Los Angeles, CA 90004
  • $4,995,000
  • $1,603

Overview

Property ID: SGR-32715151
  • Commercial Sale
  • Property Type
  • 2010
  • Year Built

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 LA’s most desirable areas.

  • Address 4718 Oakwood Avenue
  • City Los Angeles
  • State/county CA
  • Zip/Postal Code 90004
  • Area C18 - Hancock Park-Wilshire
  • Country United States

Details

Updated on June 6, 2024 at 8:18 am
  • Property ID: SGR-32715151
  • Price: $4,995,000
  • Land Area: 22253.00 m²
  • Year Built: 2010
  • Property Type: Commercial Sale
  • Property Status: For Sale
  • Living Area: 3117.00
  • MLS#: SR24102025
  • Office Name: THE AGENCY
  • Agent Name: Ray Akbari
  • MLS Status: Active
  • Living Area Prefix: Sqft
  • Co-Office Name: Standard Realty
  • Co-Agent Name: Cyrus Ahmadi
  • Agent State License: 01447600
  • Co-Agent State License: 01098856
  • IDX Contact Info: 818-400-4344

Additional details

  • County: Los Angeles
  • Property SubType: Multi Family
  • Water Source: Public

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