4705-4709 Elmwood Ave - Residential LAND FOR SALE


Los Angeles, CA 90004- East Hollywood14,499 SF
$3,650,000 USD
818-212-2748
4705-4709 Elmwood Ave, Los Angeles, CA for Sale
$3,650,000 USD
Residential LAND - FOR SALE
1/9
14,499 SF

4705-4709 Elmwood Ave
Los Angeles, CA 90004
East Hollywood


HIGHLIGHTS

  • 14,499 SF Double Lot | Zoned C2
  • Multiple Development Options
  • 103 Apartment Units – ED1
  • 10 Small Lot Homes – SB 684
  • 74 Apartment Units – AB 1287
  • 36 Apartment Units – By-Right

OVERVIEW

Marcus & Millichap is excited to present 4705-4709 Elmwood Ave, 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. Development Options: - 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.

FOR SALE DETAILS

PRICE

$3,650,000 USD

PRICE/ACRE

$10,965,860/AC

PRICE/SF

$252 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Vacant Lots Zoned C2 | Greater Wilshire

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Multi-Family, Apartment Units, Apartment Units - Condo, Single Family Development, Single Family Residence

LAND ACRES

0.33 AC

LAND SF

14,499 SF

OFFSITE IMPROVEMENTS

-

ZONING

C2-1

APN/PARCEL ID

5522-019-010,5522-019-011

ASK ABOUT THIS PROPERTY

Filip NiculeteMarcus & MillichapMore Info
818-212-2748

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Filip NiculeteMarcus & MillichapMore Info
818-212-2748

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.