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5508 W Pico Blvd
Los Angeles, CA 90019
5500-5510 W Pico Blvd & 1401 Carmona Ave · Retail Property For Sale
Investment Highlights
- 5500-5510 W Pico Blvd is a 14,061 square foot development opportunity in a prime Mid-Wilshire location, between Carmona Ave & Sierra Bonita Ave.
- The developer has the ability to collect income of $19,450 per month while obtaining permits and conducting the entitlement process.
- The subject property boasts a high walk score of 92, a “walker’s paradise” in a central LA location with convenient access to everything
- This corner development lot is zoned C4-1-O in a Tier 2 TOC and presents an investor the opportunity to build up to 58 units utilizing the TOC benefit
- Mid-Wilshire is a prime Central LA location known for the Los Angeles County Museum of Art, the Petersen Automotive Museum, and the Miracle Mile
Property Facts
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
5,174 SF
Year Built
1924
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.37
Lot Size
0.32 AC
Zoning
LAC4 - Commerical
Frontage
131’ on Pico blvd
Property Taxes
| Parcel Numbers | Improvements Assessment | $530,603 | |
| Land Assessment | $4,775,435 | Total Assessment | $5,306,038 |
Property Taxes
Parcel Numbers
Land Assessment
$4,775,435
Improvements Assessment
$530,603
Total Assessment
$5,306,038
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