4718 Oakwood Avenue

Los Angeles, CA 90004

$4,995,000

List Price

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Property 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.

Listing Information

List Price $4,995,000
Status Active
MLS SR24102102
HOA $0
Type Land
Lot Size 22,253
Structure Size N/A
DOM 85
Courtesy Of The Agency
Listing Agent Ray Akbari DRE#01447600
Co-Listing Agent Cyrus Ahmadi DRE#01098856

Interior Features

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Exterior Information

Maps

Listing information courtesy of: Ray Akbari, Cyrus Ahmadi, The Agency . *Based on information from the Association of REALTORS/Multiple Listing as of Sep 30th, 2024 at 6:49 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.