5101 W Pico Blvd | Los Angeles, CA 90019
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- LoopNet Team
5101 W Pico Blvd
Los Angeles, CA 90019
Land For Sale · 0.73 AC
Investment Highlights
- 5101-5125 W Pico Blvd is a 31,960 SF development opportunity situated between Venice Blvd and S San Vincente Blvd in a prime Mid-Wilshire Location
- Rare opportunity to acquire an institutional-sized urban infill project of this scale, efficiently designed and spanning an entire city block
- The current building consists of 10 retail units on month-to-month gross leases with a total income of $381,753 annually
- There are approved plans to build a 7-story, 107,754 SF building made up of 136 units and 12 ADU’s
- The site has alley access from S Redondo Blvd and Meadowbrook Ave, providing extra buildable square footage and options for parking ingress and egress
- Although the preliminary plans are for a market-rate project, there is also potential for a 100% affordable housing project through ED-1
PROPERTY FACTS
| Property Type | Land | Proposed Use | Apartment Units |
| Property Subtype | Commercial | Total Lot Size | 0.73 AC |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.73 AC |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $9,103,500 | Total Assessment | $9,103,500 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$9,103,500
Improvements Assessment
$0
Total Assessment
$9,103,500
zoning
| Zoning Code | C4-1-O in a Tier 2 TOC |
| C4-1-O in a Tier 2 TOC |
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