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5101 W Pico Blvd
Los Angeles, CA 90019
Land For Sale
·
0.73 AC
Investment Highlights
- 5101-5125 W Pico Blvd is a 31,960 square foot development opportunity situated between Venice Blvd and S San Vincente Blvd in prime Mid-Wilshire
- A Buyer can move forward with the plans, re-entitled for another project including affordable housing via ED-1, or reposition the existing retail
- Potential for a 100% affordable housing project through ED-1
- There are approved plans to build a 7-story, 107,754 SF building made up of 136 units and 12 ADU’s
- The current building consists of 10 retail units on month-to-month gross leases with a total income of $381,753 annually
Property Facts
| Property Type | Land | Total Lot Size | 0.73 AC |
| Property Subtype | Commercial | No. Stories | 1 |
| Proposed Use | Apartment Units | ||
| Zoning | C4-1-O in a Tier 2 TOC | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.73 AC |
| No. Stories | 1 |
| Zoning | C4-1-O in a Tier 2 TOC |
Property Taxes
| Parcel Number | 5070-007-012 | Improvements Assessment | $0 |
| Land Assessment | $3,448,926 | Total Assessment | $3,448,926 |
Property Taxes
Parcel Number
5070-007-012
Land Assessment
$3,448,926
Improvements Assessment
$0
Total Assessment
$3,448,926
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