5006 W Pico Blvd Los Angeles, CA 90019

$1,146,000 Sold Price as of 02/23/2016

-- Beds
-- Baths
3,626 Sq.Ft.

Off Market

$1,146,000 Sold Price as of 02/23/2016 Refinance Your Mortgage

Map preview of 5006 W Pico Blvd, Los Angeles, CA 90019

Property Overview: 5006 W Pico Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 3,626 living square feet and 12,349 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

5006 W Pico Blvd is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $768. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $240,000 for the down payment and will need roughly $24,000 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 5006 W Pico Blvd

Last sold for $1,146,000 on February 23rd, 2016

October, 2021
Oct 12, 2021

Date

Expired

CRMLS: 21774034

$12,500,000

Price
Sep 30, 2021

Date

Price Change

CRMLS: 21774034

$12,500,000

Price
Aug 18, 2021

Date

Active

CRMLS: 21774034

$13,500,000

Price
Listing provided courtesy of CRMLS

5006-5028 W Pico Blvd. Spanning an entire city block between S Mansfield Ave. and S. Orange Dr, this is a 36,371 square foot investment opportunity with four tenants in-place plus billboard income, including the original Roscoes Famous Chicken and Waffles at Pico and Mansfield in a prime Mid-Wilshire location. This development lot is zoned C4-1-O in a Tier 3 TOC and presents an investor the opportunity to build up to 157 units utilizing the TOC benefits; there are currently no plans or entitlements in place. The site currently consists of a restaurant and three automotive tenants on short-term net leases plus billboard income for a total of $404,112 annually, allowing the developer flexibility of adding an incoming producing property to their portfolio and the of ability to collect income while conducting an entitlement process.Mid-Wilshire is a neighborhood in the central region of Los Angeles, California known for the Los Angeles County Museum of Art, the Petersen Automotive Museum, and the Miracle Mile shopping district. The subject property boasts a high walk score of 91, a walkers paradise in a central LA location with convenient access to local restaurants, shopping, employment, transportation, and nightlife. The neighboring block on South La Brea Ave hosts a brand-new Target and Sprouts development, one mile east is the Midtown Crossing Shopping Center, and one mile north is the iconic Miracle Mile shopping district, providing residents a convenient destination shopping experience. Additional APN's: 5070-018-004, 5070-018-033

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February, 2016
Feb 23, 2016

Date

Sold (Public Records)

Public Records

$1,146,000

Price

Tax History for 5006 W Pico Blvd

Assessed Value (2020): $1,515,402

Year	Land Value	Improved Value	Assessed Value
2020	$1,298,917	$216,485	$1,515,402

About 5006 W Pico Blvd

Detailed summary of property

5006 W Pico Blvd is categorized with a use code of Restaurant in Los Angeles, CA 90019 and last sold on February 23, 2016 for $1,146,000. This property has -- bedrooms, -- bathrooms, roughly 3,626 living square feet, and sits on an approximately 12,349 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 2.32% higher than the current median priced home. 5006 W Pico Blvd was last sold on February 23, 2016 for $1,146,000. Local nearby listings include 1914 S West View St, 5353 W Pico Blvd and 1364 S Ridgeley Dr. The average home in Los Angeles, CA is selling in 106 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. If you are the homeowner and looking to sell the home at 5006 W Pico Blvd Los Angeles, CA 90019 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5006 W Pico Blvd

Public county record property details

Beds: --
Baths: --
Year built: 1958
Sq. Ft.: 3,626
Lot Size: 12,349
Stories: 1

Type: Restaurant
Pool: No
Spa: No
County: Los Angeles
Lot#: 5,6
APN: 5070-018-031

The source for these homes facts are from public records.

90019 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,450,000

Median List Price/Sq.Ft.

$703

Median Sold Price

$1,277,500

Median Sold Price/Sq.Ft.

$715

Total Inventory

Median Sale to List Price %

98.65%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (20%)

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