4705-4709 Elmwood Ave, Los Angeles

the successful sale of 4705–4709 Elmwood Avenue, a premier development site located in the highly desirable Greater Wilshire neighborhood of Los Angeles.

The property was originally marketed as a flexible site with multiple potential development pathways. Ultimately, the buyer was motivated to pursue a market-rate development, consistent with several other projects they are currently entitled or building in the immediate area. The buyer plans to move forward with a market-rate multifamily or mixed-use project of approximately 40 units, taking full advantage of the property’s C2-1 zoning and ±14,499 square-foot lot.

Transaction