4718 Oakwood AVE, Los Angeles, CA 90004 - MLS#CRSR24102102

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Eric Boyenga

e@boyenga.com +1(408) 506-3942

Listed by Ray Akbari • The Agency

$ 4,995,000

Est. payment | -/mo

0.51 Acres Lot

Save

$ 4,995,000

Est. payment | -/mo

Save

0.51 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID CRSR24102102

Lot Size 0.511 Acres

Property Sub-Type Other Residential Land

Source California Regional MLS

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 LSR

Exterior

View None

Building

Water District - Public

Others

Tax ID 5522032014

Special Listing Condition Not Applicable

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES

Elementary Schools 20

10

Ivanhoe Elementary

Public | KG - 5
9

Citizens of the World Charter

Public | KG - 8
9

Equitas Academy Charter

Public | KG - 5
8

Melrose Avenue Elementary School

Public | KG - 6
8

3rd Street Elementary School

Public | KG - 5
8

Larchmont Charter

Public | KG - 12
8

Queen Anne Place Elementary School

Public | KG - 5
8

Los Feliz STEMM Magnet School

Public | KG - 6
8

Hoover Street Elementary

Public | KG - 5
8

Franklin Avenue Elementary

Public | KG - 5
7

Gardner Street Elementary

Public | PK - 5
7

Cheremoya Avenue School

Public | PK - 6
7

Hollywood Primary Center

Public | KG - 3
7

Dr. Sammy Lee Medical and Health Science Magnet

Public | KG - 5
6

Cienega Elementary School

Public | KG - 5
6

Wilshire Park Elementary

Public | KG - 5
6

Van Ness Avenue Elementary

Public | KG - 5
6

Kim Elementary School

Public | KG - 5
6

Cahuenga Elementary School

Public | KG - 5
6

Downtown Value

Public | KG - 8

Middle Schools 20

8

Rise Kohyang Middle School

Public | 6 - 8
7

Alliance Gertz-Ressler Richard Merkin 6-12 Complex

Public | 6 - 12
6

John Burroughs Middle School

Public | 6 - 8
6

Virgil Middle School

Public | 6 - 8
6

Thomas Starr King Middle School

Public | 6 - 8
5

Pico Pico Middle School

Public | 6 - 8
4

Magnolia Science Academy 5

Public | 6 - 12
4

Bancroft Middle School

Public | 6 - 8
4

Joseph Le Conte Middle School

Public | 6 - 8
4

RFK Community Schools - Ambassador School of Global Leadership

Public | 6 - 12
4

Los Angeles Academy of Arts & Enterprise Charter

Public | 6 - 12
4

Vista Charter Middle School

Public | 6 - 8
4

Alliance College-Ready Middle Academy No. 12

Public | 6 - 8
2

Monsenor Oscar Romero Charter Middle School

Public | 6 - 8
1

Johnnie Cochran Jr. Middle School

Public | 6 - 8
1

Apex Academy

Public | 7 - 12
1

Berendo Middle School

Public | 6 - 8
1

Young Oak Kim Academy

Public | 6 - 8
1

John Liechty Middle School

Public | 6 - 8
1

Sal Castro Middle School

Public | 6 - 8

High Schools 20

9

Alliance Dr. Olga Mohan High School

Public | 9 - 12
8

John Marshall High School

Public | 9 - 12
7

Math and Science College Preparatory

Public | 9 - 12
7

Frederick Douglass Academy High School

Public | 9 - 12
7

STEM Academy of Hollywood

Public | 9 - 12
7

Central City Value

Public | 9 - 12
7

Camino Nuevo High No. 2

Public | 9 - 12
7

Alliance College-Ready Academy High No. 16

Public | 9 - 12
5

Hollywood High School

Public | 9 - 12
5

Belmont Sh-la Teacher Preparatory Academy

Public | 9 - 12
4

RFK Community Schools - Los Angeles High School of the Arts

Public | 9 - 12
3

Los Angeles High School

Public | 9 - 12
3

Belmont High School

Public | 9 - 12
1

Helen Bernstein High School

Public | 9 - 12
1

RFK Community Schools - School for the Visual Arts & Humanities

Public | 9 - 12
1

West Adams Preparatory High School

Public | 9 - 12
1

Early College Academy-la Trade Tech College

Public | 9 - 12
1

Youthbuild Charter School of California

Public | 9 - 12
0

Bais Yaakov School for Girls

Private | 9 - 12
0

Yeshiva Gedolah of los Angeles

Private | 9 - 12

School and business data provided by Attom Data.

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

4718 Oakwood AVE Los Angeles, CA 90004