$3,650,000

4705 - 4709 Elmwood Ave Los Angeles, CA 90004

Larchmont Neighborhood

Estimated payment $23,635/month

Total Views 2,897
0.34 Acre
$10,735,294 Price per Acre
14,810 Sq Ft Lot

About This Lot

We are excited to present 4705-4709 Elmwood Ave (APNs: 5522-019-011 & 5522-019-010), a unique development opportunity in the highly desirable Greater Wilshire neighborhood of Los Angeles, California. This site presents significant upside potential through various development pathways, including maximizing density through ED1 affordable housing incentives or Small Lot Subdivision (SB 684) to build 10 homes.Zoned C2-1 with a lot area of 14,499 sq. ft., the site offers multiple development options under current zoning and recent legislative incentives: ED1 (100% Affordable Housing) / Small Lot Subdivision (SB 684) / AB 1287 Density Bonus (Mixed-Income) / By-Right Development. The property is strategically located in the highly desirable Wilshire Community Plan Area within the Greater Wilshire neighborhood, a vibrant and centrally located pocket of Los Angeles. The area is characterized by a mix of commercial corridors and charming residential neighborhoods, offering strong demand for both market rate and affordable housing. Minutes from Koreatown, Larchmont Village, and Hancock Park, three of LA's most sought-after residential and commercial districts. Excellent access to public transit via nearby Metro lines and key bus routes, with strong connectivity to major employment centers in Downtown LA, Hollywood, and the Miracle Mile. Located near major thoroughfares, including Western Ave, Beverly Blvd, and Melrose Ave, facilitating ease of commute and accessibility.

Listing Agent

Filip Niculete

Marcus & Millichap License #01905352 Listed on: 03/21/2025

Co-Listing Agent

Glen Scher

Marcus & Millichap License #01962976

Property Details

Property Type

  • Land

Lot Details

  • 0.34 Acre Lot
  • Property is zoned LAC2

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5522-019-011

Property Details

Property Type

Land

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Lot Acreage: 0.3400
  • Number Of Photos: 9
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per S Q F T: 503.45

Exterior Features

  • View: No

Utilities

  • Cable: Yes
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5522-019-011
  • Lot Description: 2-4 Lots
  • Lot Size Area: 14499
  • Potential Usage: Apartment Units, Small Lot Homes

Map

Range of Values:

Collateral Analytics

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ICE

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Quantarium

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/21/2025 03/21/25 For Sale $3,650,000 -- --
Source: The MLS

Source: The MLS

MLS Number: 25514903

The MLS

California Los Angeles County Los Angeles 90004 Larchmont

4705 - 4709 Elmwood Ave, Los Angeles, CA

This home is located at 4705 - 4709 Elmwood Ave, Los Angeles, CA 90004 and is currently priced at $3,650,000. 4705 - 4709 Elmwood Ave is a home located in Los Angeles County with nearby schools including Van Ness Avenue Elementary School, Joseph Le Conte Middle School, and Fairfax High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes
Filip Niculete
Listing Agent
Filip Niculete
Section Image
Marcus & Millichap
(818) 577-9893