Property Details
Price / SqFt: $229/ Land
Executive Summary
INVESTMENT HIGHLIGHTS:
- 4605-4619 W Pico Blvd is an +/- 15,711 SF development opportunity located on W Pico Blvd directly across the street from Midtown Crossing Shopping Center in Mid-Wilshire
- 4605 W Pico Blvd is currently vacant, 4619 W Pico Blvd is currently occupied by a tenant on a month-to-month gross lease paying $10,000 per month in rent
- The lot is currently zoned C4-1-O in a Tier 1 TOC
- Opportunity to build up to 59 Units Utilizing the TOC Benefits
- Two Parcel Development Site Offered at a PPSF of $229
- The Mid-Wilshire Neighborhood Features A Half-Dozen New Construction Development Projects Underway as of 2020
- Mid-Wilshire is a prime Central LA location known for the Los Angeles County Museum of Art, the Petersen Automotive Museum, and the Miracle Mile shopping district
