4915 Elmwood, Los Angeles, CA 90004

Property 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.

Listing Status:

Active

Date Added:

June 23, 2026

Data Last Updated:

August 11, 2026 at 11:18PM

Listing Office:

First Reliant, Inc. : 949-903-9110

Listing Agent:

Maria Sanchez Rodriguez : 949-903-9110

MLS ID:

PW26135512

Location

• Road/Access: City Street
• HOA Amenities: 0.0
• Originating MLS: CRMLS_CRM
• County: Los Angeles

Lot

• Zoning: R3-15522021015
• View: NeighborhoodView
• Current Use: ResidentialSingle Family

Utilities

• Utilities: Cable AvailableElectricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer AvailableSewer ConnectedUnderground UtilitiesWater AvailableWater ConnectedOverhead Utilities
• Water: Public
• Sewer: Public Sewer

Financial

• Source: CRMLS_CRM