For Sale
$5,995,000

5615 Pico BlvdLos Angeles, CA 90019

Five lots, build 74+ units.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional Los Angeles development opportunity encompasses five contiguous lots totaling approximately 17,097 square feet at 5615 W Pico Blvd. Zoned C4-1-O | TOC (Tier 2), this prime Mid-City location allows for the construction of approximately 45 units as-of-right, with potential for up to 74 units utilizing the TOC density bonus. The site boasts approximately 165 feet of frontage on W Pico Blvd. Currently, a 4,077 square foot office building is on the property. Importantly, the absence of existing rental units eliminates Rent Stabilization Ordinance concerns. This "Walker's Paradise" location (Walk Score of 91) offers unparalleled access to vibrant dining, cultural attractions (LACMA, Little Ethiopia, etc.), and major transportation arteries, including the 10 and 101 freeways and nearby subway stations. Proximity to Downtown LA, the San Fernando Valley, Silicon Beach, and LAX further enhances its appeal. The asking price is $5,995,000, with a land value of $351 per square foot. APN: 5085-027-001; 5085-027-002; 5085-027-003; 5085-027-004; 5085-027-005.

Highlights

  • $5,995,000 asking price for 0.39 acres of commercial land.
  • Located at 5615 W Pico Blvd, Los Angeles, CA 90019.
  • C4-1-O | TOC (Tier 2) zoning allows for approximately 45 units by-right, or up to 74 units with density bonus.
  • Land value: $351/SF.
  • Prime Mid-City location with a Walk Score of 91.

Property Details for 5615 Pico Blvd

Property type
Land
Lot Size (sq. ft)
16,988 SF

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.0502786
Longitude
-118.360464
5615 Pico Blvd, Los Angeles, California

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5615 Pico Blvd
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