The Agency The Agency

4718 Oakwood Avenue

Los Angeles, CA 90004
Sale Price $4,995,000
Property Type Industrial

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.

Agent Information

ESTATES AGENT | BROKER ASSOCIATE (818) 400-4344 License: California DRE #1447600
The Agency
Outside Listing Agent
Cyrus Ahmadi
Standard Realty

Property Specifics

Property Type: Industrial
Estimated Sq. Foot:
3,117
Lot Size:
0.51 ac.
Price per Sq. Foot:
$1,603
MLS ID: CRSR24102025
Source Status: Active
Also Listed By: California Regional MLS: SR24102025

Location & Transportation

Other Property Information

Summary

General Information
  • Year Built: 2010

Interior and Exterior Features

Interior Features
  • Living Area: 3,117

Property Information

Lot Information
  • Zoning: LAR3
  • Lots: 1
  • Buildings: 1
  • Lot Size: 0.51 ac.
Utilities
  • Utilities: Electricity Connected
  • Water Source: Water Source Public
  • Sewer: Sewer Public Sewer

Estimated Monthly Payments

Monthly Total $23,958
Monthly Taxes N/A
Interest 6.00%
Down Payment 20.00%

Mortgage Calculator

Monthly Mortgage Cost $23,958 Monthly Charges $0 Total Monthly Payment $23,958
Calculation based on:
Price: $4,995,000
Charges: $0 * Additional charges may apply

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Bay East and Contra Costa MLS
Listing information provided by the Bay East Association of REALTORS® MLS and the Contra Costa Association of REALTORS®. All information is deemed reliable but not guaranteed. Copyright 2024 Bay East Association of REALTORS® and Contra Costa Association of REALTORS®. All rights reserved.
Last checked: Jun 22, 2024, 5:05 PM UTC
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