5101 W Pico Boulevard Los Angeles, CA
$ 9,200,000
Property Attributes
  • MLS#21709470
  • TypeContingent
  • CityLos Angeles
  • AreaBeverly Center-Miracle Mile
  • Zip90019
  • Style
  • Price$ 9,200,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size0.73 Acres
Listing Provided Courtesy Of:
Neema Ahadian with Marcus & Millichap
Data Source:
Property Description

Spanning the entire block between S Redondo Blvd and Meadowbrook Ave, this is a 31,960 square foot development opportunity betweenVenice Blvd and S San Vincente Blvd in a prime Mid-Wilshire location. This development lot is zoned C4-1-O in a Tier2 TOC and presents an investor the opportunity to build up to 136 units utilizing the TOC benefits; there are currently no plans or entitlements in place. The site has alley access from S Redondo Blvd and Meadowbrook Ave, providing extra buildable square footage and options for parking ingress and egress. The majority of tenants are on month-to-month gross leases with a total income of $114,000 gross annually, allowing the developer the ability to collect income while obtaining permits and conducting the entitlement process.

Price History
3/23/2021 Listed $9,200,000

General Features

Additional Parcels Y/N Yes
Listing Agent Neema Ahadian - BRE#01346750
Listing Agent State License 01346750
MLS Area C19 - Beverly Center-Miracle Mile
Property Type Land
Special Listing Conditions Standard
View None
Zoning C4-1-O in a Tier 2 TOC

Exterior Features

Lot Size Acres 0.73
Lot Size Area 31960
Lot Size Source Other
Lot Size Square Feet 31960
Lot Size Units Square Feet


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Contingent Average in 90019

AVG $1.74M
AVG 49
AVG 85
Data Provided by Walkscore ® not using MLS data

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