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4820 Oakwood Ave 0.33 Acres of Residential Land Offered at $4,880,750 CAD in Los Angeles, CA 90004
Investment Highlights
- Two contiguous parcels totaling ±14,500 square feet in desirable Larchmont neighborhood
- Eligible for AB 2097 (parking reduction); Located in a High Resource Area (CTCAC); ED-1 Eligible (expedited approvals)
- Surrounded by recent development
- Zoned R3-1 (multifamily residential); located in TOC Tier 2 / TOIA-1 (increased density)
- Walk Score® of 88 - Very Walkable; bikeable with many nearby public transportation options
- Less than a mile from Larchmont Village with popular shopping and dining bordered by affluent Hancock Park and Hollywood
Executive Summary
4820-4826 Oakwood Avenue offers a rare infill development opportunity in Los Angeles’ highly desirable Larchmont neighborhood. The property consists of two contiguous vacant lots totaling ±14,500 square feet, allowing for efficient site planning on flat, rectangular parcels.
Located on a residential street with strong surrounding comps, the site sits within a high-demand corridor and is zoned R3-1 within a TOC Tier 2 area. This provides access to valuable state and local incentives, including increased density, reduced parking, and streamlined ministerial approvals. See property brochure for details on development potential.
With multiple high-yield development paths and stackable incentives, the offering presents a compelling opportunity to maximize density in a prime, supply-constrained location.
Located on a residential street with strong surrounding comps, the site sits within a high-demand corridor and is zoned R3-1 within a TOC Tier 2 area. This provides access to valuable state and local incentives, including increased density, reduced parking, and streamlined ministerial approvals. See property brochure for details on development potential.
With multiple high-yield development paths and stackable incentives, the offering presents a compelling opportunity to maximize density in a prime, supply-constrained location.
Property Facts
1 Lot Available
Lot
| Price | $4,880,750 CAD | Lot Size | 0.33 AC |
| Price Per AC | $14,662,455.04 CAD |
| Price | $4,880,750 CAD |
| Price Per AC | $14,662,455.04 CAD |
| Lot Size | 0.33 AC |
The property consists of two contiguous vacant lots totaling ±14,500 square feet, allowing for efficient site planning on flat, rectangular parcels.
Description
The property consists of two contiguous vacant lots totaling ±14,500 square feet, allowing for efficient site planning on flat, rectangular parcels.
1 1
Very walkable
80/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
40/100
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4820 Oakwood Ave
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