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    5006 W Pico Boulevard

    Los Angeles (City), CA 90019
    • $13,500,000
    • STATUS: Active
    • ON SITE: 33 days
    • MLS #: 21774034
    UPDATED: 136 min ago
    $13,500,000
    • 0
      BEDS
    • 0.28
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Vacant Land / Lots
    County:

    School Ratings & Info

    Description

    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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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T00:27:35.857. 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 deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
    www.carlilerealty.com/homes/120596700
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    5006 W Pico Boulevard Los Angeles (City), CA 90019

    • Price: $13,500,000
    • Status: Active
    • Updated: 136 min ago
    • MLS #: 21774034
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.28
    Acres
    Neighborhood:
    C16 - Mid Los Angeles
    County:
    Los Angeles
    Area:
    C16 - Mid Los Angeles
    Property Description
    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
    Exterior Features

    View City Lights View YN Yes

    Property Features

    Additional Parcels YN Yes Listing Agreement Seller Reserved Listing Service Full Service Senior Community YN No Special Listing Conditions Standard Water Source Other Zoning Lac4

    Listing provided courtesy of Neema Ahadian of Marcus & Millichap


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-21T00:27:35.857. 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 deemed reliable but is not guaranteed accurate by the MLS or ERA CARLILE Realty Group. Licensed in the State of California, USA.
     
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    ERA CARLILE Realty Group
    1860 Howe Avenue, Suite 100
    Sacramento CA, 95825