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4430 W Pico Blvd 0.17 Acres of Commercial Land Offered at $1,200,000 in Los Angeles, CA 90019

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Investment Highlights

High traffic W Pico Blvd

Executive Summary

Seize this rare and incredible development opportunity in the heart of Koreatown! This prime commercial land, available for just under $1.3M, is zoned for LAC4 TOC Tier 3, offering the potential for brand-new construction. Located just south of Hancock Park and north of Victoria Park and Lafayette Park, this property is ideally positioned for future growth. The property will be delivered vacant at the close of escrow, making it perfect for owner use or a 1031 exchange. With its strategic location and development potential, this land will not last long, don't miss your chance to capitalize on this highly sought-after area! Contact us today to learn more!

Property Facts

Price	$1,200,000	Property Subtype	Commercial
Sale Type	Investment	Proposed Use	Office Multifamily Apartment Units Apartment Units - Condo Parking Lot
Sale Conditions	1031 Exchange Redevelopment Project	Total Lot Size	0.17 AC
No. Lots	1	No. Stories	1
Property Type	Land
Zoning	LAC4 - LAC4 TOC Tier 3 - mixed-use development

Price	$1,200,000
Sale Type	Investment
Sale Conditions	1031 Exchange Redevelopment Project
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Office Multifamily Apartment Units Apartment Units - Condo Parking Lot
Total Lot Size	0.17 AC
No. Stories	1
Zoning	LAC4 - LAC4 TOC Tier 3 - mixed-use development

1 Lot Available

Lot

Price	$1,200,000	Lot Size	0.17 AC
Price Per AC	$7,223,867.66

Price	$1,200,000
Price Per AC	$7,223,867.66
Lot Size	0.17 AC

Potential for 30 units to go on property with mixed use development

Description

Positioned in the vibrant heart of Koreatown and nestled within the Arlington Heights neighborhood, 4430 W Pico Blvd offers a rare and compelling development opportunity. This 0.17-acre parcel of commercial land is zoned LAC4 TOC Tier 3, allowing for mixed-use development with the potential to build up to 30 residential units alongside commercial space. The property currently includes a 1,225-square-foot single-story structure built in 1923, historically used for service-oriented businesses such as repair shops and laundries

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