Active
5615 W Pico Blvd
Los Angeles CA, 90019
$5,995,000
$350.65 per sqft
Active
0.39 Acres
Land
Developers Dream - opportunity to acquire five contiguous lots located at 5613 - 5627 W Pico Blvd in the prime Mid-City submarket of Los Angeles. The 17,097 SF development site is zoned C4-1-O TOC Tier 2 allowing a developer to build +/- 45 units by-right or up to +/- 74 units utilizing the TOC density bonus. The site currently comprises a 4,077 square foot office building. The property offers a rare development opportunity as no previous rental units are on Lot and the new development will not be subject to the Rent Stabilization Ordinance. The property, situated in the Mid City neighborhood has a remarkable walk score of 91 (a walker's paradise), and offers residents a vibrant urban lifestyle. The property is just steps from renowned dining venues, bars,. Nearby attractions include LACMA, Little Ethiopia, The Peterson Automotive Museum, The Grove, Third Street Restaurants, Melrose Trading Post, and El Rey Theater, just to name a few. Future residents will enjoy convenient access to major transportation hubs and freeways, including the 10 freeway, and 101, facilitating easy commuting to employment hubs such as Downtown Los Angeles, San Fernando Valley, and Silicon Beach. For those looking for public transportation, there are several subway stops in proximity of the property including La Cienega/Jefferson and Expo/La Brea Stations. Additionally, Los Angeles International Airport is less than 30 minutes away. Please contact John Swartz or Jackie Carroll for more information.
24-413759
MLSⓇ ID
July 10, 2024
Listed
October 2, 2024
Updated
Map
5615 W Pico Blvd
Los Angeles CA, 90019
Exterior/Building Features
Lot Size
0.39 Acres
Lot Features
5 Lots
Other Property Details
Area Name
Beverly Center-Miracle Mile
Days on Market
55
Garage
No
View
Yes
View Description
City
County
Los Angeles
Pool
No
Zoning
LAC4
Listing History
Date | Event | Price |
---|---|---|
9/3/2024 | Price change | $5,995,000 -7% |
Listed by John Swartz with Compass
Listing Contact: 310-779-9929
Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Aspire Los Angeles shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
©2024 Combined L.A./Westside MLS. All rights reserved.
Data last updated 10/2/2024