5101 W Pico Boulevard, Los Angeles, CA 90019
Local realty services provided by:Better Homes and Gardens Real Estate Royal & Associates
5101 W Pico Boulevard,Los Angeles, CA 90019
$11,300,000
- 0.73 Acres
- Lots / Land
- Active
Listed by:neema ahadian
Office:marcus & millichap
MLS#:CL24351721
Source:CA_BRIDGEMLS
Price summary
- Price:$11,300,000
About this home
5101-5125 W Pico Blvd is spanning the entire block between S Redondo Blvd and Meadowbrook Ave, this is a 31,960square 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. Thereare approved plans to build a 7-story, 107,754 SF building made up of 136 units and 12 ADU's.The plans call for 51 studios (393-590 SF), 75 one-bedrooms (394-628 SF), five two-bedrooms(835-1,097 SF), five three-bedrooms (1,057-1,099 SF) and 12 live-work units (544-1,449 SF withtwo and a half levels of parking.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 buildingconsists of 10 retail units on month-to-month gross leases with a total income of $381,753annually, allowing the developer the ability to collect income while obtaining permits.Mid-Wilshire is a neighborhood in the central region ofLos Angeles, California known for the Los Angeles CountyMuseum of Art, the Petersen Automotive Museum, and theMiracle Mile shopping district. The subject property boastsa high walk score of 92, a "walker's paradise" in a central LAlocation with convenient access to local restaurants, shopping,employm
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Home facts
- Listing ID #:CL24351721
- Added:608 day(s) ago
- Updated:March 05, 2024 at 05:00 PM
Rooms and interior
- Living area:31,960 sq. ft.
Structure and exterior
- Building area:31,960 sq. ft.
- Lot area:0.73 Acres
Finances and disclosures
- Price:$11,300,000
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