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House & single-family home for sale in Hollywood
USD 4,995,000
House & Single-family home (For sale)
22,249 sqft
lot 22,249 sqft
Reference:
EDEN-T101941361
/ 101941361
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.
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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.
Reference:
EDEN-T101941361
Country:
US
City:
Los Angeles
Postal code:
90004
Category:
Residential
Listing type:
For sale
Property type:
House & Single-family home
Property size:
22,249 sqft
Lot size:
22,249 sqft
Rooms:
1
REAL ESTATE PRICE PER SQFT IN NEARBY CITIES
| City |
Avg price per sqft house |
Avg price per sqft apartment |
|---|---|---|
| Los Angeles | USD 795 | USD 776 |
| Mahou Riviera | USD 1,826 | - |
| Newport Beach | USD 1,109 | - |
| Orange | USD 551 | USD 491 |
| Riverside | USD 279 | USD 259 |
| California | USD 501 | USD 482 |
| Santa Clara | USD 854 | - |
| Maricopa | USD 252 | - |
| United States | USD 406 | USD 688 |