CA > Los Angeles
Los Angeles, CA 90004,4718 Oakwood AVE
Los Angeles, CA 90004,4718 Oakwood AVE
Los Angeles, CA 90004,4718 Oakwood AVE
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$4,995,000
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0.51 Acres Lot
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4718 Oakwood AVE Los Angeles, CA 90004

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Nathan King Real Estate Group

Nathan King Real Estate Group

+1(559) 396-0000

UPDATED:

09/30/2024 06:49 PM

Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR24102102

HOA Y/N No

Lot Size 0.511 Acres

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.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAR3

Interior

Fireplace No

Exterior

Community Features Sidewalks

Utilities Available Electricity Connected, Sewer Connected, Water Connected

View Y/N No

View None

Building

Lot Description Rectangular Lot

Sewer Public Sewer

Water Public

New Construction No

Others

Senior Community No

Tax ID 5522032014

Acceptable Financing Cash, Cash to New Loan

Listing Terms Cash, Cash to New Loan

Special Listing Condition Standard

California Regional MLS (CRMLS)
Listed by Ray Akbari • The Agency • 818-400-4344

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Nathan King Real Estate Group

Broker | License ID: 01878277

+1(559) 396-0000

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