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4430 W Pico Blvd 0.17 Acres of Commercial Land Offered at $1,200,000 in Los Angeles, CA 90019
Investment Highlights
- Excellent access to major freeways and public transit options.
- Positioned along a high-visibility corridor with steady traffic flow.
- Zoned LAC4 with TOC Tier 3 designation, supporting higher density development.
- Surrounded by a mix of residential, retail, and commercial uses, creating strong demand for new projects.
- Located between Hancock Park and Victoria Park, near Koreatown and Miracle Mile.
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
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
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5082-012-006 | Improvements Assessment | $0 |
| Land Assessment | $1,326,510 | Total Assessment | $1,326,510 |
Property Taxes
Parcel Number
5082-012-006
Land Assessment
$1,326,510
Improvements Assessment
$0
Total Assessment
$1,326,510
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4430 W Pico Blvd