5006 West Pico Boulevard
5006 West Pico Boulevard Los Angeles, California 90019 United States

$13,500,000
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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...

Marcus & Millichap

Listing Courtesy of Marcus & Millichap
$13,500,000
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.28 Acres
Exterior
Land
Property type
21774034
Web Id
21774034
MLS ID
Los Angeles Unified
School District
36
days ago

About 5006 West Pico Boulevard

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

Listing Courtesy of Neema Ahadian, Marcus & Millichap, 01346750, Active

PROPERTY INFORMATION

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5006 West Pico Boulevard, Los Angeles, California 90019 United States is a Land for Sale for $13,500,000.   on a lot of .28 Acres ( m2) and it's composed from .


Listing Courtesy of Marcus & Millichap

Marcus & Millichap

Listing Courtesy of Marcus & Millichap
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Based on information from CRISNet MLS as of at the data was obtained. 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. Properties may or may not be listed by the office/agent presenting the information.