5615 W Pico Blvd, Los Angeles, CA 90019
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5615 W Pico Blvd Los Angeles, CA 90019

$6,400,000
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
For Sale
$6,400,000 Get Pre-Qualified

Map preview of 5615 W Pico Blvd, Los Angeles, CA 90019

Property Overview: 5615 W Pico Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 17,097 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: Developers Dream - opportunity to acquire five contiguous lots located at 5613 - 5627 W Pico Blvd in the prime Mid-City submarket of Los Angeles. The 17,097 SF development site is zoned C4-1-O TOC Tier 2 allowing a developer to build +/- 45 units by-right or up to +/- 74 units utilizing the TOC density bonus. The site currently comprises a 4,077 square foot office building. The property offers a rare development opportunity as no previous rental units are on Lot and the new development will not be subject to the Rent Stabilization Ordinance. The property, situated in the Mid City neighborhood has a remarkable walk score of 91 (a walker's paradise), and offers residents a vibrant urban lifestyle. The property is just steps from renowned dining venues, bars,. Nearby attractions include LACMA, Little Ethiopia, The Peterson Automotive Museum, The Grove, Third Street Restaurants, Melrose Trading Post, and El Rey Theater, just to name a few. Future residents will enjoy convenient access to major transportation hubs and freeways, including the 10 freeway, and 101, facilitating easy commuting to employment hubs such as Downtown Los Angeles, San Fernando Valley, and Silicon Beach. For those looking for public transportation, there are several subway stops in proximity of the property including La Cienega/Jefferson and Expo/La Brea Stations. Additionally, Los Angeles International Airport is less than 30 minutes away. Please contact John Swartz or Jackie Carroll for more information.

Listed by John Swartz | BRE #01873487 | Compass
Last checked: 6 minutes ago | Last updated: July 10th, 2024 | Source CRMLS | DOM: 5
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Home details

Lot Sq. Ft
17,097
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Active
MLS#
24413759
City
Los Angeles
County
Los Angeles
Time on Site
4 days

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Property Details for 5615 W Pico Blvd

Lot Details / Garage and Parking
Lot Information
  • Lot Size Source: Other
Property Information
  • Has View
  • View: City Lights
  • Parcel Number: 5085027005
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: 615 W Pico Blvd is located in between S Stanley Ave and S Curson Ave. It is South of San Vicente and North of the 10.
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Sale History for 5615 W Pico Blvd

Last sold on April 26th, 1974
  • July, 2024

  • Jul 10, 2024

    Date

    Active

    CRMLS: 24413759

    $6,400,000

    Price

  • April, 1974

  • Apr 26, 1974

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 1968

  • Sep 10, 1968

    Date

    Sold (Public Records)

    Public Records

    $80,000

    Price

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Tax History for 5615 W Pico Blvd

Assessed Value (2020): $374,368
Year Land Value Improved Value Assessed Value
2020 $66,550 $307,818 $374,368

Home Value Compared to the Market

This property vs the competition

5615 W Pico Blvd is listed 433.33% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000.

About 5615 W Pico Blvd

Detailed summary of property

5615 W Pico Blvd is a land located in Los Angeles, CA 90019 and is currently for sale. This land offers -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 17,097 square foot lot. 5615 W Pico Blvd was first listed on ArdentRealEstateGroup.com on July 10, 2024. The homeowner is currently asking $6,400,000. 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 433.33% higher than the median priced home. Local competing homes currently for sale include 2474 Patrician View Ave, 10641 Garden Grove Blvd and 1477 Cerritos. While the average home in Los Angeles, CA is selling in 101 days, 5615 W Pico Blvd has a days on market of 5 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 5615 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 5615 W Pico Blvd

Public county record property details
Beds
--
Baths
--
Year built
1948
Sq. Ft.
4,077
Lot Size
5,209
Stories
1
Type
Office Bldg (General)
Pool
No
Spa
No
County
Los Angeles
Lot#
11,12
APN
5085-027-005

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 5615 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.