5615 W Pico Blvd | Los Angeles, CA 90019
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- LoopNet Team
5615 W Pico Blvd
Los Angeles, CA 90019
Pico | Fairfax LAC4 Development Site · Land For Sale
·
0.39 AC
INVESTMENT HIGHLIGHTS
- Prime Mid-City Location
- No Rent Stabilization Ordinance
- WalkScore of 91 (a walkers paradise)
- No Replacement Issues
- Use TOC or Density Bonus to maximize density
PROPERTY FACTS
DESCRIPTION
This expansive ± 17,097 SF development site is zoned C4-1-O TOC Tier 2, permitting the construction of approximately 45 units by-right, or up to approximately 74 units with the utilization of the TOC density bonus. The site boasts ± 165 feet of frontage along W Pico Blvd. and currently includes a 4,077 square foot office building. The property does not contain any existing rental units, meaning the new development will not be subject to the Rent Stabilization Ordinance.
PROPERTY TAXES
| Parcel Number | 5085-027-001 | Improvements Assessment | $134 |
| Land Assessment | $57,437 | Total Assessment | $57,571 |
PROPERTY TAXES
Parcel Number
5085-027-001
Land Assessment
$57,437
Improvements Assessment
$134
Total Assessment
$57,571
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