4511 Rosewood Ave

We are pleased to present for sale a R3, TOC Tier 1, development opportunity located in Mid-Wilshire! Located in the highly walkable Oakwood neighborhood of Los Angeles, this 6,205 sqft VACANT lot offers a developer the opportunity to build 7 units by right or up to 12 units using TOC Incentives. The site may also be a great opportunity for fourplex or small lot subdivision. Subject property is currently a vacant land, meaning no dealing with tenant relocation or onerous SB 8 regulations (no tenancy within last 5 years). Plus save money on demolition costs!! The property lies in close proximity to Larchmont Village, Hollywood, Silver Lake, East Hollywood Metro & the 101 Freeway! Seller will consider seller/carry back financing at prime rate. Lots of new development in this immediate pocket. Do not miss this opportunity to build in a high rental demand area close to restaurants, bars, shopping, and transportation. Buyer to verify all zoning information with LADBS. Contact listing agent for more details!