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

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Home facts

  • Listing ID #:CL24351721
  • Added:721 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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