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John Swartz, Listing Office: Compass
#24469393·
Listing Office: Marcus & Millichap·
Listing Agent: Neema Ahadian·
Listing Office Phone: 310-909-5500
5101 W Pico Blvd Los Angeles, CA 90019
$10,000,000 List price
0.7 acres
Land
Property details
About 5101 W Pico Blvd
We are pleased to present 5101-5125 W Pico Blvd. Spanning the entire block between S Redondo Blvd and Meadowbrook Ave, this is a 31,960 square 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. There are approved plans to build a 7-story, 107,754 SF building made up of 136 units and 12 ADU's. A Buyer can move forward with the plans, re-entitled for another project including affordable housing via ED-1, or reposition the existing retail and collect income with long-term development potential. obtaining permits and conducting the entitlement process. 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 building consists of 10 retail units on month-to-month gross leases with a total income of $381,753 annually. 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 92, a "walker's 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 with a convenient destination shopping experience.
Highlights
Home typeOther
StatusActive
Lot size0.7337 Acres
MLS #24469393
Summary
- MLS Number: 24469393
- MLS Name: CRMLS
- Office Name: Marcus & Millichap
- Office Phone: (310) 909-5500
- Listing Agent: Neema Ahadian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) 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. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 1/31/2025, 1:20:53 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$10,000,000
5101 W Pico Blvd
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Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Jan 03, 2022 | Home Sold | $8,125,000 |
| Feb 23, 2016 | Home Sold | $2,585,000 |
| Apr 09, 1990 | Home Sold | $387,500 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $3,381,300 | $41,894 |
| 2023 | $3,315,000 | $41,093 |
| 2022 | $3,736,984 | $44,880 |
| 2021 | $3,663,711 | $44,317 |
| 2020 | $3,626,146 | $42,998 |
| 2019 | $3,555,046 | $42,690 |
| 2018 | $3,485,340 | $41,770 |
| 2017 | $3,417,000 | $41,770 |
History based on county public records data.
Nearby schools
5
Saturn Street Elementary
Public District KG-5
0.4 mi
•5360 Saturn St
5
Alta Loma Elementary School
Public District KG-5
0.7 mi
•1745 Vineyard Ave
6
Wilshire Crest Elementary
Public District KG-5
0.7 mi
•5241 W Olympic Blvd
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $49,479. Most Los Angeles, CA residents have annual incomes between $35k-100k. The majority of families are single, no kids. Typical level of education for residents in this area is post secondary degree.
How much money do the neighbors make?
28%
<35k
50%
35k-100k
21%
100k-200k
1%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
Masters Degree
What types of families live nearby?
66%
Single, No Kids
15%
Single, with Kids
10%
Married, No Kids
9%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
13%
<11 yrs old
6%
12-17 yrs old
30%
18-34 yrs old
41%
35-64 yrs old
10%
65+ yrs old
What do the neighbors do for fun?
Major League Soccer (MLS)
Music Concerts
Art Museums
Where do the neighbors shop?
Banana Republic
H&M
Bloomingdales
Where do the neighbors go to eat?
Jack In The Box
Chipotle
Starbucks
What do the neighbors drive?
Toyota
Volkswagen
Audi
What do the neighbors listen to?
Jazz
Rhythmic Contemporary Hits
News
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5101 W Pico Blvd
This home is located at 5101 W Pico Blvd in Los Angeles, CA and zip code 90019 in the Central LA neighborhood. Features: 0 bathroom. It has been listed on Rocket Homes since December 5, 2024 and is currently priced at $10,000,000.
Los Angeles, CA housing market in December 2024 saw over 524 listings sold above listed price, more than 203 sold at listed price and over 740 sold below. The number of listings in Los Angeles, CA decreased by 5.3% between November and December 2024. In December 2024 median list price was $1,026,634 and the average listing age was 41 days.
From Rocket Homes Real Estate and based on county public records data.