This is a once in a generation opportunity to acquire and redevelop a six-lot assemblage spanning 0.99 acres of land (43,253 square feet) in the highly sought-after Greater-Wilshire neighborhood in prime Los Angeles. These lots have been under the same family’s ownership for more than 50 years, signifying the rare opportunity available to developers. The six lots are equally split between two streets located at 4623, 4627 & 4631 Beverly Blvd and 4718, 4720 & 4726 Oakwood Ave, Los Angeles, CA 90004. All of the six lots’ current structures are vacant.
The zoning of the Beverly Blvd. lots is designated as LAC2, and the Oakwood Ave. lots are zoned LAR3. Additionally, due to the central location and the impressive 97 walk score, both lots are given Tier 3 status of the Transit Oriented Communities (TOC) incentive program, further increasing the development potential.
