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5101 W Pico Blvd, Los Angeles, CA 90019
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5101 W Pico Blvd Los Angeles, CA 90019

$8,750,000 Sold Price as of 01/03/2022
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$8,750,000 Sold Price as of 01/03/2022 Refinance Your Mortgage
Map preview of 5101 W Pico Blvd, Los Angeles, CA 90019

Property Overview: 5101 W Pico Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 31,960 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 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.

Listed by Neema Ahadian | BRE #01346750 | Marcus & Millichap
Last checked: 8 minutes ago | Last updated: April 7th, 2024 | Source CRMLS | DOM: 24

Home details

Lot Sq. Ft
31,960
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
21709470
City
Los Angeles
County
Los Angeles
Time on Site
1145 days

Property Details for 5101 W Pico Blvd

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Other
Property Information
  • No View
  • View: None
  • Parcel Number: 5070007012
  • Has Additional Parcels
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: Between Venice Blvd and S San Vincente Blvd in a prime Mid-Wilshire Location
View more facts & features

Local Los Angeles Agent

Sale History for 5101 W Pico Blvd

Last sold for $8,750,000 on January 3rd, 2022

  • April, 2024

  • Apr 6, 2024

    Date

    Expired

    CRMLS: 24351721

    $11,300,000

    Price

  • Nov 6, 2023

    Date

    Active

    CRMLS: 24351721

    $11,300,000

    Price

  • Listing provided courtesy of CRMLS

    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

  • April, 2021

  • Apr 28, 2021

    Date

    Active Under Contract

    CRMLS: 21709470

    $9,200,000

    Price

  • Mar 23, 2021

    Date

    Active

    CRMLS: 21709470

    $9,200,000

    Price

  • February, 2016

  • Feb 23, 2016

    Date

    Sold (Public Records)

    Public Records

    $2,585,000

    Price

Show More

Tax History for 5101 W Pico Blvd

Assessed Value (2020): $3,626,146
Year Land Value Improved Value Assessed Value
2020 $3,247,296 $378,850 $3,626,146

Home Value Compared to the Market

This property vs the competition

5101 W Pico Blvd sold on January 3, 2022 for 673.11% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 5101 W Pico Blvd

Detailed summary of property

5101 W Pico Blvd is a land that recently sold in Los Angeles, CA 90019. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 31,960 square foot lot. 5101 W Pico Blvd was first listed on ArdentRealEstateGroup.com on March 23, 2021. The homeowner sold the property for $8,750,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 673.11% higher than the current median priced home. Local homes that are currently for sale include 4156-4651 Liberty Vista, 12906 Baseline Ave and 15797 Foothill Blvd. While the average home in Los Angeles, CA is selling in 93 days, 5101 W Pico Blvd has a days on market of 24 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 5101 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 5101 W Pico Blvd

Public county record property details
Beds
--
Baths
--
Year built
1928
Sq. Ft.
8,079
Lot Size
11,171
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
432,433
APN
5070-007-012

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
$1,599,800
Median List Price/Sq.Ft.
$696
Median Sold Price
$1,620,000
Median Sold Price/Sq.Ft.
$777
Total Inventory
66
Median Sale to List Price %
95.58%
Avg Days on Market
21
Loan Type
Conventional (18.18%), FHA (0%), VA (0%), Cash (9.09%), Other (9.09%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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