Listed by Lee & Associates Los Angeles - Investment Services Group, Inc
$3,500,000
4820 Oakwood Ave
Details
APN 5522-033-018, 5522-033-019
Property Type Land
Sub Type Residential
Lot Size (SqFt) 14,500
Zoning R3-1 / TOC Tier 2
Ownership Fee Simple
Land | 14,500 SqFt
Marketing description
The property is located in a rapidly evolving pocket often referred to as Oakwood / Melrose Hill, within the broader Mid-Wilshire / Greater Wilshire submarket. Commonly positioned as Larchmont Village and Hancock Park adjacent, the area serves as a natural bridge between Koreatown and Hancock Park, offering a blend of residential character and urban accessibility. Its central location places residents within close proximity to some of Los Angeles’ most desirable neighborhoods, including Larchmont Village’s walkable retail and dining, the residential appeal of Hancock Park, and the employment and lifestyle hubs of Koreatown and Hollywood.
Investment highlights
- Two contiguous parcels totaling ±14,500 square feet in desirable Larchmont neighborhood
- Zoned R3-1 (multifamily residential); located in TOC Tier 2 / TOIA-1 (increased density)
- Eligible for AB 2097 (parking reduction); Located in a High Resource Area (CTCAC); ED-1 Eligible (expedited approvals)
- Walk Score® of 88 - Very Walkable; bikeable with many nearby public transportation options
- Surrounded by recent development
- Less than a mile from Larchmont Village with popular shopping and dining, bordered by affluent Hancock Park and Hollywood
Listing Contacts
Listed by Lee & Associates Los Angeles - Investment Services Group, Inc
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