Los Angeles, CA 90004,4718 Oakwood Avenue
Los Angeles, CA 90004,4718 Oakwood Avenue
Los Angeles, CA 90004,4718 Oakwood Avenue
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$4,995,000
Est. payment /mo
3,117 SqFt
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Key Details

Property Type Commercial

Sub Type Comm Ind For Sale

Listing Status Pending

Purchase Type For Sale

Square Footage 3,117 sqft

Price per Sqft $1,602

MLS Listing ID CRSR24102025

HOA Y/N No

Year Built 2010

Lot Size 0.511 Acres

Acres 0.51

Property Sub-Type Comm Ind For Sale

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 Listing

Zoning LAR3

Interior

Fireplace No

Exterior

Utilities Available Electricity Connected

Building

New Construction No

Others

Tax ID 5522032014


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Bridge MLS
Listed by Ray Akbari • The Agency

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agent

Maya Hiersoux

+1(415) 971-3559

Agent | License ID: 01450016

Agent License ID: 01450016

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