5101 W Pico Blvd

Los Angeles CA, 90019


$353.57 per sqft


31,960 sqft


5101-5125 W Pico Blvd is spanning the entire block between S Redondo Blvd and Meadowbrook Ave, this is a 31,960square foot development opportunity between Venice Blvd and S San Vincente Blvd in a prime Mid-Wilshire location. This development lot is zoned C4-1-O in a Tier 2 TOC. Thereare approved plans to build a 7-story, 107,754 SF building made up of 136 units and 12 ADU's.The plans call for 51 studios (393-590 SF), 75 one-bedrooms (394-628 SF), five two-bedrooms(835-1,097 SF), five three-bedrooms (1,057-1,099 SF) and 12 live-work units (544-1,449 SF withtwo and a half levels of parking.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 current buildingconsists of 10 retail units on month-to-month gross leases with a total income of $381,753annually, allowing the developer the ability to collect income while obtaining permits.Mid-Wilshire is a neighborhood in the central region ofLos Angeles, California known for the Los Angeles CountyMuseum of Art, the Petersen Automotive Museum, and theMiracle Mile shopping district. The subject property boastsa high walk score of 92, a "walker's paradise" in a central LAlocation with convenient access to local restaurants, shopping,employment, transportation, and nightlife. The neighboring block on South La Brea Ave hosts a brand new Target andSprouts development, one mile east is the Midtown CrossingShopping Center, and one mile north is the iconic Miracle Mile shopping district, providing residents a convenient destination shopping experience. APNs 5070-007-012, 5070-007-013, 5070-007-029, 5070-007-030



November 6, 2023


February 15, 2024



5101 W Pico Blvd
Los Angeles CA, 90019

Exterior/Building Features

Lot Size

0.73 Acres

Other Property Details

Area Name

Beverly Center-Miracle Mile

Days on Market






View Description



Los Angeles





Listed by with Marcus & Millichap
Listing Contact: 310-909-5444 

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Data last updated 2/15/2024

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