4718 Oakwood, Los Angeles, CA 90004

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Glen Henderson

Premier Homes Team, a division of Big Block Realty

[email protected] +1(619) 889-7646

$4,995,000

Est. payment - /mo

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Key Details

Property Type Vacant Land

Sub Type Lots/Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID SR24102102

Property Sub-Type Lots/Land

Type of Financing Cash

Property Type Lots/Land

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 LAs most desirable areas.

Location

State CA

County Los Angeles

Direction North of Beverly Blvd - West of Western Ave.

Interior

Fireplace No

Exterior

Utilities Available Electric

View Y/N No

Others

Senior Community No

Tax ID 5522032014

Acceptable Financing Cash

Listing Terms Cash

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Listed by Ray Akbari The Agency

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Glen Henderson

+1(619) 889-7646

Broker Associate | CA BRE #01384181

Broker Associate CA BRE #01384181

San Diego Communities

4718 Oakwood Los Angeles, CA 90004

Glen Henderson

Key Details

Location

Interior

Exterior

Others

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