4201 W Pico Boulevard
- – beds
- – baths
- – sqft
- ~1 acre lot
- – on site
This 52,738 square foot development opportunity consists of the entire block between Crenshaw Blvd and Victoria Ave in Mid-City. This development lot is zoned C4-1-O; R1-1-O-HPOZ in a Tier 3 TOC and presents an investor the opportunity to build 189 units utilizing the TOC benefits; there are currently no plans or entitlements in place.The subject property is being offered at a low price per square foot of $239. The current site consists of 7 retail units on month-to-month gross leases with a total income of $425,400 gross annually which includes $600 annual billboard income, plus two single-family residences, allowing the developer the ability to collect income while conducting the entitlement process.Mid-city is a densely populated neighborhood with historical and architectural significance. The demand for apartment units continues to increase year-over-year in this submarket with such close proximity to job and educational opportunities in Downtown Los Angeles, as well as the numerous transportation options available for an easy commute throughout the city.The subject property is surrounded by retail shops and restaurants on W Pico Blvd, north on W Olympic Blvd, south on Washington & Venice Blvd, and east on Western Ave.
Last checked:
As a licensed real estate brokerage, Estately has access to the same database professional Realtors use: the Multiple Listing Service (or MLS). That means we can display all the properties listed by other member brokerages of the local Association of Realtors—unless the seller has requested that the listing not be published or marketed online.
The MLS is widely considered to be the most authoritative, up-to-date, accurate, and complete source of real estate for-sale in the USA.
Estately updates this data as quickly as possible and shares as much information with our users as allowed by local rules. Estately can also email you updates when new homes come on the market that match your search, change price, or go under contract.
Checking…
•
Last updated May 12, 2021
•
MLS# 21709344 —
Amenities & Taxes
Location
- Directions:
- Located on W Pico Blvd
- Latitude:
- 34.04806300
- Longitude:
- -118.32682100
The Property
- Zoning:
- C4-1-O; R1-1-O-HPOZ
- Lot Size Area:
- 52738.0000
- Lot Size Acres:
- 1.2100
- Lot Size Square Feet:
- 52738.00
- View:
- None
- Lot Size Source:
- Other
- Additional Parcels:
- Yes
Listing Agent
- Contact info:
- No listing contact info available
The Listing
- Buyer's Brokerage Compensation:
- 1.000%
- Special Listing Conditions:
- Standard
- Buyer's Brokerage Compensation:
- $1
- Parcel Number:
- 5082024018
The Community
- Senior Community:
- No
Schools
| Rating | Details | |
|---|---|---|
Queen Anne Place Elementary School
|
||
Johnnie L Cochran Jr Middle School
|
||
Los Angeles High School
|
GreatSchools scores are based on a scale from 1 to 10, where 10 is above average.
The school service areas are not definitive and should only be used as guidance. GreatSchools Ratings provided by www.greatschools.org
Flood Risk
Flood Factor® provides comprehensive flood risk information from rain, rivers, tides and storm surge and incorporates how future flood risk is changing over time because of a changing environment.
Flood Factor is a 1-10 scoring, from minimal to extreme, that tells you a property’s potential risk of flooding at least once over the life of a 30 year mortgage.
Flood risk data is provided by Flood Factor®, a product of First Street Foundation®. The Flood Factor model is designed to approximate flood risk and not intended to include all possible risks of flood.
- FEMA Zone (est.):
This property has minimal flood risk
This property has a . Although flood risks across the country are changing because of the environment, this property is unlikely to flood over the next 30 years.
Provided by Flood Factor®
Flood Insurance
Recommended: MassiveCert estimates that this property is in FEMA Zone X, which means that flood insurance is recommended, but not required.
WalkScore®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Max Internet Speed
Provided by BroadbandNow®
View a full reportThis is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
4/12/21
Apr 12, 2021
|
Price Changed | CRMLS_CA | $12,600,000 | -16.0% |
|
3/23/21
Mar 23, 2021
|
Listed / Active | CRMLS_CA | $15,000,000 |