4705 Elmwood Avenue, Los Angeles, CA 90004
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
4705 Elmwood Avenue,Los Angeles, CA 90004
$3,650,000
- 0.33 Acres
- Lots / Land
- Active
Listed by:filip niculete
Office:marcus & millichap
MLS#:CL25514903
Source:CA_BRIDGEMLS
Price summary
- Price:$3,650,000
About this home
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 i
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Home facts
- Listing Id #:CL25514903
- Added:146 day(s) ago
- Updated:August 15, 2025 at 02:21 PM
Rooms and interior
- Living area:14,499 sq. ft.
Structure and exterior
- Building area:14,499 sq. ft.
- Lot area:0.33 Acres
Finances and disclosures
- Price:$3,650,000
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