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5101 W Pico Blvd
Los Angeles, CA 90019

$10,000,000 USD

Land For Sale  •  0.73 AC

Property Details

  • Property Type Land
  • Lot Size 0.73 AC
  • Zoning C4-1-O in a Tier 2 TOC
59 Transit Score
91 Walk Score

Highlights

5101-5125 W Pico Blvd is a 31,960 square foot development opportunity situated between Venice Blvd and S San Vincente Blvd in prime Mid-Wilshire
There are approved plans to build a 7-story, 107,754 SF building made up of 136 units and 12 ADU’s
A Buyer can move forward with the plans, re-entitled for another project including affordable housing via ED-1, or reposition the existing retail
The current building consists of 10 retail units on month-to-month gross leases with a total income of $381,753 annually
Potential for a 100% affordable housing project through ED-1

Property Flyers

Public Transportation

Commuter RailDriveWalkDistance
Los Angeles (Coast Starlight - Amtrak, Pacific Surfliner - Amtrak, Southwest Chief - Amtrak, Texas Eagle - Amtrak) 15 min - 8.3 mi
Union Station (91 Line - Southern California Regional Rail Authority (Metrolink), Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Orange County Line - Southern California Regional Rail Authority (Metrolink), Riverside Line - Southern California Regional Rail Authority (Metrolink), San Bernardino Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink)) 17 min - 8.5 mi
AirportDriveWalkDistance
Los Angeles International 19 min - 9.4 mi
Bob Hope 25 min - 12.8 mi
Long Beach (Daugherty Field) 36 min - 26.3 mi
Neema Ahadian 310-909-5444 Marcus & Millichap
Neema Ahadian 310-909-5444 Marcus & Millichap