4155 Wilshire Boulevard

4155 Wilshire Boulevard

Los Angeles, CA 90005

$6,500,000
Price
22,362 / 0.51
Lot Size / Acres
a view of a city
a view of city and mountain
an aerial view of residential building with green space
an aerial view of a city
an aerial view of multiple house
a view of a swimming pool
a view of entryway with outdoor area
an aerial view of a city
a view of a balcony with city view

Description

We are proud to present for sale a development opportunity in prime Los Angeles' Windsor Square neighborhood - that vacant lot on Wilshire Blvd. that you have been driving past for years wondering, why don't they build something there?! Well, now is your chance! The opportunity consists of a 22,377 SF lot zoned CR(PKM)-1 in a Tier 3 TOC area with direct street access on three sides of the lot. The property falls under the General Commercial designation in the General Plan, allowing for R4 density!...We are proud to present for sale a development opportunity in prime Los Angeles' Windsor Square neighborhood - that vacant lot on Wilshire Blvd. that you have been driving past for years wondering, why don't they build something there?! Well, now is your chance! The opportunity consists of a 22,377 SF lot zoned CR(PKM)-1 in a Tier 3 TOC area with direct street access on three sides of the lot. The property falls under the General Commercial designation in the General Plan, allowing for R4 density! Or go for Unlimited Density by utilizing State Density Laws with 100% Affordable Housing. The property is subject to the Park Mile Specific Plan. Build 55+/- Units by Right with AB2334, or up to 110+/- Units by Density Bonus! Go with a strictly 100% Affordable Housing Project to maximize density. The location qualifies for SAFMR Tier 2 rents. Next to Koreatown and across the street from the gorgeous Los Altos apartment building and half a mile to the Metro (D) Purple Line Station, this property is located in a high demand area that is soon to have easy access to the Metro Line that will take future tenants towards Westwood, as it now already takes them to Downtown. AB1287 may provide up to a 100% increase in density, provided that 15% of the base density is set aside for Very-Low Income Tenants and 15% of base density is set aside for Moderate Income Tenants. No tenants, no Ellis, no RSO, the property is ready for it's next role in life, and ready to become the go-to spot for all different tenant types out there!
  1. Listed by Dario Svidler • DRE #01884474 • Brokerage DRE #01425795 • Keller Williams Beverly Hills
  2. Listed by Jordan Petito • DRE #02023714 • Brokerage DRE #01425795 • Keller Williams Beverly Hills

Property Details for 4155 Wilshire Boulevard

Zoning
CR(PKM)-1 Tier 3
Parcel Number
5504009017
Area
Hancock Park-Wilshire
Lot Size Area
22362
Source Lot Size Area
Vendor Enhanced
Present Use
Vacant Lot
Potential Usage
Build 110+/- Units by Density Bonus or 55+/- Units by Right with AB2334! Unlimited Density by State Density Bonus for 100% Affordable Housing
Assessor Parcel Number
5504-009-017

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Jordan Petito, DRE #02023714
Add your commute
LISTING UPDATED: 03/06/2024 02:31 PM

Property Details for 4155 Wilshire Boulevard

StatusActive
MLS #24-358203
Days on Market74
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.51 AC
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Jordan Petito, DRE #02023714
Add your commute

Building Information for 4155 Wilshire Boulevard

Lot Size0.51 AC

Payment Calculator

$39,845 per month

30 year fixed, 7.25% Interest

Principal and Interest

$35,473

Property Taxes

$4,372

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 4155 Wilshire Boulevard

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: Any, Other
Contract Info
Contract Info
  • Disclosures: As Is, Methane Gas, Other
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: Methane Gas, Other
  • Lot Acreage: 0.5134
  • Lot Size Square Feet: 22362
  • Lot Size Dimensions: 171x130
  • Source Lot Size Dimensions: Assessor
  • Telephone: 1.0
  • Cable: 1.0
  • Possible New Zone: Build 110+/- Units by Density Bonus
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 02-14-2024

Property History for 4155 Wilshire Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4155 Wilshire Boulevard

Taxable ValueLand$4,263,600Additions-Total$4,263,600
Tax Record2023$52,467 ($4,372 / month)
Home Facts
Lot Size22,377 SqFtStyleCommercialZoningLACR(PKM)CountyLOS ANGELESAPN5504-009-017

Schools near 4155 Wilshire Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Wilshire Park Elementary School
Public - K to 5
Magnolia Science Academy 6 School
Charter - 6 to 8
Los Angeles Senior High School
Public - 9 to 12
Girls Academic Leadership Academy, Dr. Michelle King School For Sci, Tech, Eng And Math
Public - 6 to 12
Rating
School
Distance
Wilshire Park Elementary School
PublicK to 5

Magnolia Science Academy 6 School
Charter6 to 8

Los Angeles Senior High School
Public9 to 12

Girls Academic Leadership Academy, Dr. Michelle King School For Sci, Tech, Eng And Math
Public6 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 4155 Wilshire Boulevard, Los Angeles, CA 90005

4155 Wilshire Boulevard is a 0.51 ac of land for sale in Los Angeles, CA 90005. This property was listed for sale on February 14, 2024 by Keller Williams Beverly Hills, it's currently listed at $6,500,000. It has been on the market for a total of 74 days and was last sold on October 8, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Wilshire Park Elementary School, Magnolia Science Academy 6 School and Los Angeles Senior High School. 4155 Wilshire Boulevard is a 0-bed, 0-bath, 0.51 ac of land on a 22,362 sq. ft. / 0.51 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Keller Williams Beverly Hills, Dario Svidler, DRE #01884474; Keller Williams Beverly Hills, Jordan Petito, DRE #02023714

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.