5615 West Pico Boulevard
$5,995,000
17,097 / 0.39
Listed By Compass
Description
Developers Dream - opportunity to acquire five contiguous lots located at 5613 - 5627 W Pico Blvd in the prime Mid-City submarket of Los Angeles. The 17,097 SF development site is zoned C4-1-O TOC Tier 2 allowing a developer to build +/- 45 units by-right or up to +/- 74 units utilizing the TOC density bonus. The site currently comprises a 4,077 square foot office building. The property offers a rare development opportunity as no previous rental units are on Lot and the new development will not be...Developers Dream - opportunity to acquire five contiguous lots located at 5613 - 5627 W Pico Blvd in the prime Mid-City submarket of Los Angeles. The 17,097 SF development site is zoned C4-1-O TOC Tier 2 allowing a developer to build +/- 45 units by-right or up to +/- 74 units utilizing the TOC density bonus. The site currently comprises a 4,077 square foot office building. The property offers a rare development opportunity as no previous rental units are on Lot and the new development will not be subject to the Rent Stabilization Ordinance. The property, situated in the Mid City neighborhood has a remarkable walk score of 91 (a walker's paradise), and offers residents a vibrant urban lifestyle. The property is just steps from renowned dining venues, bars,. Nearby attractions include LACMA, Little Ethiopia, The Peterson Automotive Museum, The Grove, Third Street Restaurants, Melrose Trading Post, and El Rey Theater, just to name a few. Future residents will enjoy convenient access to major transportation hubs and freeways, including the 10 freeway, and 101, facilitating easy commuting to employment hubs such as Downtown Los Angeles, San Fernando Valley, and Silicon Beach. For those looking for public transportation, there are several subway stops in proximity of the property including La Cienega/Jefferson and Expo/La Brea Stations. Additionally, Los Angeles International Airport is less than 30 minutes away. Please contact John Swartz or Jackie Carroll for more information.
Listing Agent
Property Details for 5615 West Pico Boulevard
Zoning
LAC4
Parcel Number5085027005
AreaBeverly Center-Miracle Mile (C19)
Lot Size Area17097
Source Lot Size AreaOther
Present UseCurrently is a 4,077 SF office building.
Potential UsagePotential to build 45 units by right and up to 74 units utilizing the TOC Tier 2 Density Bonus.
Assessor Parcel Number5085-027-005
LISTING UPDATED: 11/11/2024 11:24 AM
Property Details for 5615 West Pico Boulevard
Status | Active |
---|---|
MLS # | 24-413759 |
Days on Market | 164 |
Taxes | - |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Land |
MLS Type | Land Lot |
Year Built | - |
Lot Size | 0.39 AC |
County | Los Angeles County |
Buyer's Agent Compensation | 2% |
Building Information for 5615 West Pico Boulevard
Lot Size0.39 AC
Property Information for 5615 West Pico Boulevard
Property History for 5615 West Pico Boulevard
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 5615 West Pico Boulevard
Taxable ValueLand$71,353Additions$326,430Total$397,783
Tax Record2024$529 ($44 / month)
Home Facts
Total Finished SqFt4,077 SqFtAbove Grade Finished SqFt4,077 SqFtStories1Lot Size5,210 SqFtStyleOffice BuildingYear Built1948ZoningLAC4CountyLOS ANGELESAPN5085-027-005
Schools near 5615 West Pico Boulevard
This home is within Los Angeles Unified School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Charter - | 6 to 8 | |||
Public - | 9 to 12 | |||
Charter - | 6 to 8 |
Rating | School | Distance |
---|---|---|
Saturn Street Elementary School PublicK to 5 | ||
Emerson Community Charter School Charter6 to 8 | ||
Fairfax Senior High School Public9 to 12 | ||
New Los Angeles Charter School Charter6 to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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