4718 Oakwood Avenue Los Angeles, CA ^$ 4,995,000

4718 Oakwood Avenue

^$ 4,995,000

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4718 Oakwood Avenue

Los Angeles, CA, 90004

^$ 4,995,000

Studio Baths0.0 Sq 3,117

Monthly Estimate*

^$ 33,198

Listed by The Agency

4718 Oakwood Avenue, Los Angeles, CA 90004 - Image 1

4718 Oakwood Avenue, Los Angeles, CA 90004 - Image 2

4718 Oakwood Avenue, Los Angeles, CA 90004 - Image 3

4718 Oakwood Avenue, Los Angeles, CA 90004 - Image 4

4718 Oakwood Avenue, Los Angeles, CA 90004 - Image 5

4718 Oakwood Avenue, Los Angeles, CA 90004 - Image 6

Studio

Commercial Property for sale in Los Angeles, CA

for $4,995,000. This 3,117 square foot building was built in 2010 on a lot size of 0.5109.

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.

Commercial Active

Price

^$ 4,995,000

Bedrooms

Studio

Property Type

Commercial

Taxes

^$ 0

Style

MultiFamily

Lot Size

0.5109

Year Built

2010

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

SR24102025

Days on Market

Features

General

Utilities ElectricityConnected SewerConnected

Zoning LAR3

Year Built 2010

Property SubType MultiFamily

Additional Parcels Description 5522032015 5522032016

County Los Angeles

New Construction N

Property Type CommercialSale

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status Active

Directions North of Beverly Blvd - West of Western Ave.

City Los Angeles

View Y/N N

Senior Community Y/N N

MLS Area C18 - Hancock Park-Wilshire

Lot Size Units SquareFeet

Lot Size Square Feet 22253.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Oakwood

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 5

Building Area Units SquareFeet

Standard Status Active

Occupancy Type Vacant

Year Built Source Assessor

Property Sub Type Additional MultiFamily

Exterior

Lot Features RectangularLot

Water Source Public

Lot Size Area 22253.0

Number of Buildings 2

Spa N

Building Area Total 3117.0

Street Suffix Avenue

Lot Size Acres 0.5109

Lot Size Source Assessor

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 1

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N N

Fireplace Y/N N

Laundry Features None

Entry Level 1

Electric On Property Y/N N

Internal Only

Street Number 1 4718

* Excluded Features

List By

The Agency

Broker

(818) 400-4344

Phone

Affordability Calculator

$33,198

Per Month

Monthly Principal & Interest: $33,198
Monthly Property Taxes: --
Monthly Home Insurance: --

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Yearly Home Insurance

Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Commerical listings in Los Angeles, CA

Average List Price ^$2,269,744

Percent of Sale Price 55%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
5/21/2024	$4,995,000		Listed Price

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4718 Oakwood Avenue, Los Angeles, CA, 90004 is a Commercial Property for sale at $4,995,000 with 3,117 sqft and a lot size of 0.5109. 4718 Oakwood Avenue is a studio with 0.0 baths and was built in 2010. The property's zip code is 90004 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 6/15/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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4718 Oakwood Avenue

Commercial Property for sale in Los Angeles, CA

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