5615 W Pico Boulevard 5085027005
Los Angeles, CA, 90019
$5,995,000
Beds
0 Baths
SqFt
0.39 Acres
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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: John Swartz
LISTING BROKERAGE: Compass
5615 W Pico Boulevard 5085027005
Los Angeles, CA

Property Details

Price:
$5,995,000
MLS #:
24413759
Status:
Active
Baths:
0
Address:
5615 W Pico Boulevard 5085027005
Type:
Land
Neighborhood:
c19beverlycentermiraclemile
City:
Los Angeles
Listed Date:
Jul 10, 2024
State:
CA
ZIP:
90019
Lot Size:
17,097 sqft / 0.39 acres (approx)
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The Agency fully supports the Equal Housing Opportunity laws. The Agency IP Holdco, LLC and its parents, affiliates, subsidiaries, franchisees of its affiliates, and network partners make no representations, warranties, or guaranties as to the accuracy of the information contained herein, including square footage, lot size or other information concerning the condition, suitability or features of the property. All material is intended for informational purposes only and has been obtained from public records, MLS, or other sources believed to be reliable, but not verified. All prospective buyers should conduct a careful, independent investigation of the information and property, and consult with appropriate professionals, such as appraisers, architects, civil engineers, etc. CalDRE #01904054

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