NOT LISTED FOR SALE

5101 W Pico Blvd Los Angeles, CA 90019

Miracle Mile Neighborhood
0.73 Acre
-- Price per Acre
31,799 Sq Ft Lot

Last Sold January 03, 2022

Last sale price $8,750,000

24 Days on Market

About This Lot

As of January 2022

Spanning the entire block between S Redondo Blvd and Meadowbrook Ave, this is a 31,960 square foot development opportunity betweenVenice Blvd and S San Vincente Blvd in a prime Mid-Wilshire location. This development lot is zoned C4-1-O in a Tier2 TOC and presents an investor the opportunity to build up to 136 units utilizing the TOC benefits; there are currently no plans or entitlements in place. 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 majority of tenants are on month-to-month gross leases with a total income of $114,000 gross annually, allowing the developer the ability to collect income while obtaining permits and conducting the entitlement process.

Last Listed By

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 03/23/2021

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $41,895

Year Built

  • 1928

Lot Details

  • 0.73 Acre Lot
  • Property is zoned C4-1-O in a Tier 2 TOC

Location

  • City Lot

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5070-007-012

Property Details

Property Type

Land

Est. Annual Taxes

$41,895

Year Built

1928

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: Yes
  • Lot Acreage: 0.7300
  • Number Of Photos: 5
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands
  • Year Built (Public Record): 1928

Exterior Features

  • View: No

Utilities

  • Cable: Yes
  • Gas: In Street
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5070-007-012
  • Lot Description: 2-4 Lots
  • Lot Location: City
  • Lot Size Area: 31960
  • Potential Usage: Build up to 136 Units

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Mar 23, 2021
Closed on
Nov 4, 2021
Sold by
Yb Real Estate Properties Iv Llc
Bought by
Taylor Equities 19 Llc
Seller's Agent
Neema Ahadian
Marcus & Millichap
Buyer's Agent
Neema Ahadian
Marcus & Millichap
List Price
$9,200,000
Sold Price
$8,750,000
Premium/Discount to List
-$450,000
-4.89%
Total Days on Market
24

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$4,500,000
Interest Rate
3.11%
Mortgage Type
Commercial

Purchase Details

Closed on
Dec 8, 2015
Sold by
Botach Management
Bought by
Yb Real Estate Properties Iv Llc

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Taylor Equities 19 Llc $8,125,000 Provident Title Company
Yb Real Estate Properties Iv Llc $2,585,000 Fnt
Botach Shlomo -- Fnt
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Taylor Equities 19 Llc $4,500,000
Previous Owner Yb Real Estate Properties Iv Llc $3,100,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
01/03/2022 01/03/22 Sold $8,750,000 -4.9% --
04/16/2021 04/16/21 Pending -- -- --
03/23/2021 03/23/21 For Sale $9,200,000 -- --
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $41,895 $3,381,300 $3,381,300 --
2023 $41,093 $3,315,000 $3,315,000 $0
2022 $44,880 $3,736,984 $3,346,555 $390,429
2021 $44,317 $3,663,711 $3,280,937 $382,774
2019 $42,999 $3,555,046 $3,183,624 $371,422
2018 $42,691 $3,485,340 $3,121,200 $364,140
2016 $12,254 $953,957 $708,722 $245,235
2015 $12,084 $939,629 $698,077 $241,552
2014 $12,145 $921,224 $684,403 $236,821
Source: Public Records

Agents Affiliated with this Home

  • N

    Seller's Agent in 2022

    Neema Ahadian

    Marcus & Millichap

    (213) 943-1800

    1 in this area

    87 Total Sales

    Neema Ahadian
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Map

Source: The MLS

MLS Number: 21-709470

The MLS

APN: 5070-007-012

California Los Angeles County Los Angeles 90019 Miracle Mile

5101 W Pico Blvd, Los Angeles, CA

Homes for Sale in Los Angeles, CA

This home is located at 5101 W Pico Blvd, Los Angeles, CA 90019 since 23 March 2021. This property was built in 1928. 5101 W Pico Blvd is a home located in Los Angeles County with nearby schools including Saturn Street Elementary School, Fairfax High School, and New Los Angeles Charter.

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