CA > Los Angeles
Los Angeles, CA 90004,4705 - 4709 Elmwood AVE
Los Angeles, CA 90004,4705 - 4709 Elmwood AVE
Los Angeles, CA 90004,4705 - 4709 Elmwood AVE
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$3,050,000
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0.33 Acres Lot
Pending

4705 - 4709 Elmwood AVE Los Angeles, CA 90004

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Brian Winter

Brian Winter

+1(559) 737-2923

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Pending

Purchase Type For Sale

MLS Listing ID 25514903

HOA Y/N No

Lot Size 0.333 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area C18 - Hancock Park-Wilshire

Zoning LAC2

Interior

Fireplace No

Exterior

View Y/N No

View None

Building

New Construction No

Others

Senior Community No

Tax ID 5522019011

Special Listing Condition Standard

CRMLS – RECore
Listed by Filip Niculete Marcus & Millichap

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Brian Winter

Brian Winter

Agent | License ID: 0200992

+1(559) 737-2923

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4705 - 4709 Elmwood AVE

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