5615 West Pico Boulevard

Los Angeles, CA 90019

$5,995,000
Price
17,097 / 0.39
Lot Size / Acres

Listed By Compass

Listed By Compass

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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

  1. John Swartz

    John Swartz

    Listing Agent

    Compass

    DRE #01873487

    john.swartz@compass.com

    P: (310)-779-9929

    CallTextEmail

Property Details for 5615 West Pico Boulevard

Zoning
LAC4
Parcel Number
5085027005
Area
Beverly Center-Miracle Mile (C19)
Lot Size Area
17097
Source Lot Size Area
Other
Present Use
Currently is a 4,077 SF office building.
Potential Usage
Potential to build 45 units by right and up to 74 units utilizing the TOC Tier 2 Density Bonus.
Assessor Parcel Number
5085-027-005
LISTING UPDATED: 11/11/2024 11:24 AM

Property Details for 5615 West Pico Boulevard

StatusActive
MLS #24-413759
Days on Market135
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeLand
MLS TypeLand Lot
Year Built-
Lot Size0.39 AC
CountyLos Angeles County
Buyer's Agent Compensation2%

Building Information for 5615 West Pico Boulevard

Lot Size0.39 AC

Property Information for 5615 West Pico Boulevard

Community / Development
Community / Development
  • Senior Community: No
Structure Info
Structure Info
  • View: Yes
  • View Description: City
  • View: City Lights
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Special Zoning: None
  • Lot Acreage: 0.39
  • Lot Size Square Feet: 17097
  • Lot Description: 5 + Lots
  • Lot Location: City, Corner Lot
  • Telephone: 1.0
  • Cable: 1.0
  • Site Decription: City
Parking Details
Parking Details
  • Total Parking: 0
Exterior Features
Exterior Features
  • New Construction: No
Lease Terms
Lease Terms
  • Entry Date: 07-10-2024

Property History for 5615 West Pico Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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
Saturn Street Elementary School
Public - K to 5
Emerson Community Charter School
Charter - 6 to 8
Fairfax Senior High School
Public - 9 to 12
New Los Angeles Charter School
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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More information about 5615 West Pico Boulevard, Los Angeles, CA 90019

5615 West Pico Boulevard is a 0.39 ac of land for sale in Los Angeles, CA 90019. This property was listed for sale on July 10, 2024 by Compass, it's currently listed at $5,995,000. It has been on the market for a total of 135 days and was last sold on December 10, 2021. This listing's school district is Los Angeles Unified School District. Nearby schools include Saturn Street Elementary School, Emerson Community Charter School and Fairfax Senior High School. 5615 West Pico Boulevard is a 0-bed, 0-bath, 0.39 ac of land on a 17,097 sq. ft. / 0.39 acres lot.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Compass, John Swartz, DRE #01873487

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.