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 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.
Property Type
LandSubdivision
FallbrookCounty
Los AngelesStyle
LandAD ID
46329226
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Property Details
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Interior Features
Bathroom Information
- Total Baths: 0
- Full Baths: 0
- Half Baths: 0
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Property / Lot Details
Lot Details
- Lot Dimensions Source: Vendor Enhanced
- Lot Size Acres: 0.3925
- Lot Size Source: Other
- Lot Size Square Feet: 17097
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Listing Information
Listing Price Information
- Original List Price: 5,995,000
- Listing Contract Date: 2024-07-10
Lease Information
- Listing Agreement: Exclusive Right To Sell
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Taxes / Assessments
Tax Information
- Parcel Number: 5085027005
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Virtual Tour, Parking, Multi-Unit Information & Homeowners Association
Garage and Parking
Homeowners Association
Rental Info
- Lease Term: Negotiable
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School, Utilities & Location Details
Other Property Info
- Source Listing Status: Active Under Contract
- Source Neighborhood: C19 - Beverly Center-Miracle Mile
- Postal Code Plus 4: 3871
- Directions: 615 W Pico Blvd is located in between S Stanley Ave and S Curson Ave. It is South of San Vicente and North of the 10.
- Zoning: LAC4
- Source Property Type: Land
- Area: C19 - Beverly Center-Miracle Mile
Building and Construction
- Year Built Source: Vendor Enhanced
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BuyOwner last updated this listing 01/15/2025 @ 14:54
- MLS: 24413759
- LISTING PROVIDED COURTESY OF: ,
- SOURCE: CRMLS
is a Land, with 0 bedrooms which is recently sold, it has 0 sqft, 17,097 sized lot, and 0 parking. A comparable Land, has bedrooms and baths, it was built in and is located at and for sale by its owner at . This home is located in the city of Los Angeles , in zip code 90019, this Los Angeles County Land , it is in the FALLBROOK Subdivision, are nearby neighborhoods.