4718 Oakwood AVE Pending Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90004
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
Square Footage 3,117 sqft
Price per Sqft $1,602
MLS Listing ID SR24102025
HOA Y/N No
Year Built 2010
Lot Size 0.511 Acres
Acres 0.5109
Property Sub-Type Multi Family
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
Laundry None
Exterior
Utilities Available Electricity Connected,Sewer Connected
Building
Lot Description Rectangular Lot
Story 1
Water Public
Others
Special Listing Condition Standard
Lease Land No
Confidential INFO
LIST AGRMT Exclusive Right To Sell
LIST SERVICE Full Service
SHOW CONTACT TYPE Agent
SHOW CONTACT NAME Ray
SHOW CONTACT PH 818-400-4344
SHOW INSTRUCTIONS Shown by appointment only! Text Ray at 818-400-4344 to setup a showing.