$4,995,000
PENDING

4718 Oakwood Ave Los Angeles, CA 90004

Larchmont Neighborhood

Estimated payment $27,395/month

Total Views 5,203
0.51 Acre
$9,776,864 Price per Acre
22,255 Sq Ft Lot

Highlights

  • 0.51 Acre Lot
  • No HOA
  • Rectangular Lot

About This Lot

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.

Listing Agent

Ray Akbari

The Agency Brokerage Phone: 818-400-4344 License #01447600 Listed on: 05/20/2024

The Agency

Co-Listing Agent

Cyrus Ahmadi

Standard Realty Brokerage Phone: 818-400-4344 License #01098856

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $2,146

Lot Details

  • 0.51 Acre Lot
  • Rectangular Lot
  • 5522032015, 5522032016
  • Property is zoned LAR3

Community Details

  • No Home Owners Association

Listing and Financial Details

  • Tax Lot 28
  • Assessor Parcel Number 5522032014
  • $477 per year additional tax assessments

Property Details

Property Type

Land

Est. Annual Taxes

$2,146

Lot Details

0

Listing Details

  • View: No
  • Zoning: LAR3
  • Property Type: Land
  • Parcel Number: 5522032014
  • Special Features: None
  • Property Sub Type: LotsLands

Interior Features

  • Price Per Square Foot: 224.46

Utilities

  • Utilities: Electricity Connected, Sewer Connected, Water Connected
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Association: No
  • Senior Community: No
  • Community Features: Sidewalks

Lot Info

  • Additional Parcels: No
  • Additional Parcels Description: 5522032015, 5522032016
  • Land Lease: No
  • Lot Features: Rectangular Lot
  • Lot Size Sq Ft: 22253.00
  • Lot Size Acres: 0.5109
  • Latitude Manual: 34.07702500

Multi Family

  • Lot Size Area: 22253.0000 Square Feet

Tax Info

  • Tax Census Tract: 1924.20
  • Tax Lot: 28
  • TaxOtherAnnualAssessmentAmount: 477.00

Map

Range of Values:

Collateral Analytics

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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

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $2,146 $142,148 $71,074 $71,074
2024 $2,146 $139,362 $69,681 $69,681
2023 $2,116 $136,630 $68,315 $68,315
2022 $2,037 $133,952 $66,976 $66,976
2021 $2,001 $131,326 $65,663 $65,663
2019 $1,951 $127,432 $63,716 $63,716
2018 $1,762 $124,934 $62,467 $62,467
2016 $1,669 $120,086 $60,043 $60,043
2015 $1,648 $118,284 $59,142 $59,142
2014 $1,665 $115,968 $57,984 $57,984
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
12/16/2024 12/16/24 Pending -- -- --
05/20/2024 05/20/24 For Sale $4,995,000 -- --
Source: California Regional Multiple Listing Service (CRMLS)

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: SR24102102

California Regional Multiple Listing Service (CRMLS)

APN: 5522-032-014

California Los Angeles County Los Angeles 90004 Larchmont

4718 Oakwood Ave, Los Angeles, CA

This home is located at 4718 Oakwood Ave, Los Angeles, CA 90004 and is currently priced at $4,995,000. 4718 Oakwood 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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Ray Akbari
Listing Agent
Ray Akbari
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The Agency
(818) 996-7766