11
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$1,650,000
Est. payment /mo
6,803 Sqft Lot
Active
4915 Elmwood Los Angeles, CA 90004
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Key Details
Property Type Vacant Land
Sub Type Lots/Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID PW26135512
Lot Size 6,803 Sqft
Property Sub-Type Lots/Land
Property Description
RTI PERMITS IN PLACE. Rare ground-up multifamily development opportunity in Hancock Park. 4915 Elmwood is a 6,803 SF R3-1 lot with a planned 18-unit, two-building, 8,242 SF project. Front building: 3 stories, 8 apartments (mix of 1BR, 1BR+Den, and 2BR), most with private patios or shared roof deck. Rear building: 2 stories, 2 detached ADUs plus 6 permitted recreation rooms, designed for post-Certificate of Occupancy conversion to 6 additional ADUs, bringing the project to 18 units total under California state ADU law. All-electric, rooftop solar, individually submetered. No elevator. Delivered outside LA's Rent Stabilization Ordinance as new construction. Currently improved with a 1920s Craftsman SFR and garage, delivered vacant and 'as is' at close of escrow. Quiet tree-lined residential street, minutes to Larchmont Village's shops and restaurants. Full plans and entitlement file available to qualified buyers. Buyer to independently verify all material facts with LADBS and the City of Los Angeles.
Location
State CA
County Los Angeles
Direction Elmwood Ave between Beverly Blvd and Melrose Ave, west of Western
Interior
Fireplace No
Exterior
Utilities Available Below Ground, Cable TV, Electric, Natural Gas
View Y/N No
Present Use Residential
Others
Senior Community No
Tax ID 5522021015
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Listed by Maria Sanchez Rodriguez, DRE#02232577 First Reliant, Inc.
NEARBY SCHOOL & BUSINESS
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