5353 W Pico Blvd, Los Angeles, CA 90019
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5353 W Pico Blvd Los Angeles, CA 90019

$2,895,000
  • 0 Beds
  • 0 Baths
  • 4,080 Sq.Ft.
For Sale
$2,895,000 Get Pre-Qualified

Map preview of 5353 W Pico Blvd, Los Angeles, CA 90019

Property Overview: 5353 W Pico Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 4,080 living square feet and 8,064 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: This highly visible corner lot located in the mist of the real estate development boom of Pico Blvd. An ideal investment opportunity for an owner-user, the property is presently being operated as a pre-school. The school currently uses the side lot as a playground but can be used as a parking lot. The current site consists of a 4,080 square foot building on an 8,061 square foot lot zoned C-4 for Strip Mall, Condos, Apartments. Buyer to verify all development opportunities and potential use in due diligence. Note: the school business is sold separately.

Listed by Aisha Andrews | BRE #01706972 | Architectural Estates
Last checked: 12 minutes ago | Last updated: May 18th, 2024 | Source CRMLS | DOM: 64
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Home details

Lot Sq. Ft
8,064
HOA Dues
$0/mo
Year built
1957
Garage
--
Property Type:
Condominium
Status
Active
MLS#
24383261
City
Los Angeles
County
Los Angeles
Time on Site
64 days

Open Houses for 5353 W Pico Blvd

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Property Details for 5353 W Pico Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • None
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Recreation
Kitchen Information
  • Has Appliances
Bathroom Information
  • # of Baths (Full): 0
  • # of Baths (1/2): 0
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • Levels: One
  • Security Features: Gated Community, Smoke Detector(s)
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • No
  • Parking Features: None
Property Information
  • No View
  • View: None
  • Total # of Units: 1
  • Parcel Number: 5085033017
  • Architectural Style: See Remarks
  • Entry Level: 1
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: WEST OF LABREA / EAST OF FAIRFAX / NORTH SIDE OF PICO BLVD
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Sale History for 5353 W Pico Blvd

Last sold on May 29th, 2020
  • May, 2024

  • May 10, 2024

    Date

    Active

    CRMLS: 24383261

    $2,895,000

    Price

  • May, 2024

  • May 8, 2024

    Date

    Canceled

    CRMLS: 21709474

    $2,200,000

    Price

  • Mar 23, 2021

    Date

    Active

    CRMLS: 21709474

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    5353 W Pico Blvd is stationed on a highly visible strip in an ideal Mid-Wilshire location between S Burnside Ave & S Ridgeley Dr. Built in 1957, this investment opportunity is optimal for an owner-user or investor to acquire for a retail or office space surrounded by an abundance of shopping, restaurants, entertainment, and amenities in a central and premier Los Angeles neighborhood. Opportunity for redevelopment as the site totals8,061 SF zoned C4-1-O. Potential to build up to20 units by-right. (Buyer to verify development potential in due diligence.) The current site consists of a 4,080 square foot building on an 8,061 square foot lot and is presently being operated as a pre-school. The school currently uses the side lot as a playground but can be used as a parking lot.

  • March, 2021

  • Mar 23, 2021

    Date

    Canceled

    CRMLS: 21709360

    $2,200,000

    Price

  • Listing provided courtesy of CRMLS

    Stationed on a highly visible strip in an ideal Mid-Wilshire location between S Burnside Ave & S Ridgeley Dr. Built in 1957, this investment opportunity is optimal for an owner-user or investor to acquire for a retail or office space surrounded by an abundance of shopping, restaurants, entertainment, and amenities in a central and premier Los Angeles neighborhood. Opportunity for redevelopment as the site totals8,061 SF zoned C4-1-O. Potential to build up to20 units by-right. (Buyer to verify development potential in due diligence.) The current site consists of a 4,080 square foot building on an 8,061 square foot lot and is presently being operated as a pre-school. The school currently uses the side lot as a playground but can be used as a parking lot. The total gross monthly rent is $4,250 with the tenants on a month-to-month lease. Mid-Wilshire is a prime Central LA location known for the Los Angeles County Museum ofArt, the Petersen Automotive Museum, and the Miracle Mile shopping district.

  • May, 2020

  • May 29, 2020

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • June, 2017

  • Jun 26, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 5353 W Pico Blvd

Assessed Value (2020): $1,014,938
Year Land Value Improved Value Assessed Value
2020 $848,966 $165,972 $1,014,938

Home Value Compared to the Market

This property vs the competition

5353 W Pico Blvd is listed 141.25% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $709.56 per/sqft which puts the price per square foot 8.21% lower than the median price per square foot for the city of Los Angeles.

About 5353 W Pico Blvd

Detailed summary of property

5353 W Pico Blvd is a condominium located in Los Angeles, CA 90019 and is currently for sale. This condo offers -- bedrooms, -- bathrooms, roughly 4,080 living square feet, and sits on an approximately 8,064 square foot lot. 5353 W Pico Blvd was first listed on ArdentRealEstateGroup.com on May 12, 2024. The homeowner is currently asking $2,895,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 141.25% higher than the median priced home. Local competing homes currently for sale include 843 S Citrus Ave, 6066 Saturn St and 6421 Hayes Dr. While the average home in Los Angeles, CA is selling in 101 days, 5353 W Pico Blvd has a days on market of 64 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 5353 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 5353 W Pico Blvd

Public county record property details
Beds
--
Baths
--
Year built
1957
Sq. Ft.
4,080
Lot Size
8,061
Stories
1
Type
Auto Repair (& Related), Garage
Pool
No
Spa
No
County
Los Angeles
Lot#
157,158
APN
5085-033-017

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
$1,399,000
Median List Price/Sq.Ft.
$679
Median Sold Price
$1,935,500
Median Sold Price/Sq.Ft.
$855
Total Inventory
77
Median Sale to List Price %
102.14%
Avg Days on Market
18
Loan Type
Conventional (14.29%), FHA (0%), VA (14.29%), Cash (14.29%), Other (14.29%)

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Related Resources to 5353 W Pico Blvd

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.