4915 Elmwood,Los Angeles, CA 90004
Los Angeles, CA 90004
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.
Details
| MLS # | PW26135512 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 146 |
| Listing Provided By | First Reliant, Inc. | Maria Sanchez Rodriguez |
Features
| Zoning | R3-1 |
|---|---|
| Acreage | 0.16 |
| Property View | Yes |
Exterior
| Lot Features | Back Yard, Front Yard, Landscaped, Near Public Transit, Street Level, Value In Land, Walkstreet |
|---|
Utilities
| Utilities | Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Underground Utilities, Water Available, Water Connected, Overhead Utilities |
|---|---|
| Sewer | Public Sewer |
Location
| Community Features | Curbs, Street Lights, Suburban, Sidewalks |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C18 Hancock Park Wilshire |
| Listing VS Median (in 90004) | |
Price: $1,650,000 low | high Med: $899,000 On site: 146 low | high Med: 17 | |
Market Activity 90004
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90004 |
| Area | C18 Hancock Park Wilshire |
| Listing VS Median (in 90004) | |
Price: $1,650,000 low | high Med: $899,000 On site: 146 low | high Med: 17 | |
