5101 W Pico Boulevard
Los Angeles, CA 90019
- – beds
- – baths
- 31,960 sqft
- ~3/4 acre lot
- $312 per sqft
- – on site
We are pleased to present 5101-5125 W Pico Blvd. Spanning the entire block between S Redondo Blvd and Meadowbrook Ave, this is a 31,960 square foot development opportunity between Venice Blvd and S San Vincente Blvd in a prime Mid-Wilshire location. This development lot is zoned C4-1-O in a Tier 2 TOC. There are approved plans to build a 7-story, 107,754 SF building made up of 136 units and 12 ADU's. A Buyer can move forward with the plans, re-entitled for another project including affordable housing via ED-1, or reposition the existing retail and collect income with long-term development potential. obtaining permits and conducting the entitlement process. The site has alley access from S Redondo Blvd and Meadowbrook Ave, providing extra buildable square footage and options for parking ingress and egress. The current building consists of 10 retail units on month-to-month gross leases with a total income of $381,753 annually. Mid-Wilshire is a neighborhood in the central region of Los Angeles, California known for the Los Angeles County Museum of Art, the Petersen Automotive Museum, and the Miracle Mile shopping district. The subject property boasts a high walk score of 92, a "walker's paradise" in a central LA location with convenient access to local restaurants, shopping, employ
Last checked:
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Last updated Dec 13, 2024
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MLS# CL24469393 —
This property is listed in more than one place. See it here.
The Building
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Building Area Units:Square Feet
Room Dimensions
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Living Area:31960
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Living Area Units:Square Feet
Location
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Directions:W Pico Blvd & Redondo Blvd
The Property
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Property Type:Land
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Property Subtype:Unimproved Land
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Parcel Number:5070007012
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Zoning:C4-1
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Lot Size Area:0.73
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Lot Size Acres:0.73
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Lot Size SqFt:31960
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Lot Size Units:Acres
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View:None
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View:false
Listing Agent
- Contact info:
- Agent phone:
- (310) 909-5444
The Community
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Association:false
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
12/5/24
Dec 5, 2024
|
Listed / Active | BRIDGE | $10,000,000 | 14.3% (4.9% / YR) |
|
1/25/24
Jan 25, 2024
|
Listed / Active | CRMLS_CA | ||
|
1/3/22
Jan 3, 2022
|
CRMLS_CA | $8,750,000 | -4.9% |
