4718 Oakwood Ave, Los Angeles, CA 90004
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4718 Oakwood Ave Los Angeles, CA 90004

$4,995,000
  • -- Beds
  • -- Baths
  • 3,117 Sq.Ft.
For Sale
$4,995,000 Get Pre-Qualified

Map preview of 4718 Oakwood Ave, Los Angeles, CA 90004

Property Overview: 4718 Oakwood Ave Los Angeles, CA has -- bedrooms, -- bathrooms, 3,117 living square feet and 22,253 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: 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.

Listed by Ray Akbari | BRE #01447600 | The Agency
Co-listed by Cyrus Ahmadi | BRE #01098856 | Standard Realty
Last checked: 13 minutes ago | Last updated: May 26th, 2024 | Source CRMLS | DOM: 57
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Home details

Lot Sq. Ft
22,253
HOA Dues
$0/mo
Year built
2010
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
SR24102025
City
Los Angeles
County
Los Angeles
Time on Site
59 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: --
  • Total # of Buildings: 2
Property Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: --
  • Net Operating Income: --
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 4718 Oakwood Ave

Interior Features
Laundry Information
  • None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: Rectangular Lot
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Parcel Number: 5522032014
  • Year Built Source: Assessor
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Water Source: Public
  • Utilities: Electricity Connected, Sewer Connected
Location / Neighborhood
Location Information
  • Directions: North of Beverly Blvd - West of Western Ave.
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Sale History for 4718 Oakwood Ave

View property's historical transactions
  • May, 2024

  • May 20, 2024

    Date

    Active

    CRMLS: SR24102025

    $4,995,000

    Price

Tax History for 4718 Oakwood Ave

Assessed Value (2020): $129,980
Year Land Value Improved Value Assessed Value
2020 $64,990 $64,990 $129,980

Home Value Compared to the Market

This property vs the competition

4718 Oakwood Ave is listed 316.25% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $1602.5 per/sqft which puts the price per square foot 107.31% higher than the median price per square foot for the city of Los Angeles.

About 4718 Oakwood Ave

Detailed summary of property

4718 Oakwood Ave is a multi family located in Los Angeles, CA 90004 and is currently for sale. This multi family property offers -- bedrooms, -- bathrooms, roughly 3,117 living square feet, and sits on an approximately 22,253 square foot lot. 4718 Oakwood Ave was first listed on ArdentRealEstateGroup.com on May 20, 2024. The homeowner is currently asking $4,995,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 316.25% higher than the median priced home. Local competing homes currently for sale include 5349 Crenshaw Blvd, 801 W 70th St and 2323 E 3rd St. While the average home in Los Angeles, CA is selling in 101 days, 4718 Oakwood Ave has a days on market of 57 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 4718 Oakwood Ave Los Angeles, CA 90004 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 4718 Oakwood Ave

Public county record property details
Beds
3
Baths
2
Year built
1910
Sq. Ft.
2,052
Lot Size
7,751
Stories
--
Type
Single Family Residential
Pool
No
Spa
No
County
Los Angeles
Lot#
21,28
APN
5522-032-014

The source for these homes facts are from public records.

90004 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,249,000
Median List Price/Sq.Ft.
$755
Median Sold Price
$2,215,000
Median Sold Price/Sq.Ft.
$919
Total Inventory
69
Median Sale to List Price %
110.81%
Avg Days on Market
24
Loan Type
Conventional (7.69%), FHA (0%), VA (0%), Cash (15.38%), Other (0%)

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Related Resources to 4718 Oakwood Ave

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. 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.