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Multi-Family

9500 W Pico Blvd

9500 W Pico Blvd, Los Angeles, CA 90035

Listing Price: Request For Offer

Lot Size
0.59 acres
Land Type
Redevelopment

Investment Overview

Marcus & Millichap is pleased to present a generational development opportunity spanning an entire city block in the highly coveted Pico-Robertson neighborhood of Los Angeles. 9500 W Pico Blvd, the southwest corner block of W Pico Blvd & S Beverly Dr, totals 25,821 SF of land zoned C4-1VL-O and
is entitled for a six-story mixed-use project totaling 149,150 SF consisting of 108 apartment units and 3,250 SF of ground-floor retail as well as two levels of basement parking with 180 spaces.

The plans include an attractive unit mix made up of 35 singles (485-615 SF) with six set aside as affordable, 55 one-bedrooms (560-845 SF) with 10 set aside as affordable, 12 two-bedrooms (875-1,220 SF) with two set aside as affordable, six three-bedrooms (1,285-1,400 SF) with one set aside as affordable, and 3,250 SF of retail with a 1,000 SF corner restaurant and 2,250 SF of divisible retail. Plans also include a plethora of amenities such as a 4,700 SF rooftop deck and pool, second and fifth-floor terraces, a 2,000 SF fitness center, 1,000 SF lounge, and 1,500 SF coworking space. There are balconies for 60 of the residential units. The site currently consists of a carwash and 7,236 SF office building that generates income of $753,492 annually. Although a market-rate project has been entitled, there is also potential for a 100% affordable housing project through ED-1. Ownership has preliminary plans for 203 affordable housing units (contact agent for additional details).

Investment Highlights

  • A rare, generational development opportunity in the highly coveted Pico-Robertson neighborhood of Los Angeles at 9500 W Pico Blvd
  • The site currently consists of a carwash and 7,236 SF office building that generates income of $753,492 annually
  • A prominent corner location of W Pico Blvd & S Beverly Dr that spans the entire block
  • The subject property totals 25,821 SF of land zoned C4-1VL-O; the project has been entitled for a six-story mixed-use project totaling 149,150 SF consisting of 108 apartment units and 3,250 SF of ground-floor retail as well as two levels of basement parking with 180 spaces
  • The plans include an attractive unit mix made up of the following: 35 Singles: 485-615 SF (six set aside as affordable) 55 One-Bedrooms: 560-845 SF (10 set aside as affordable) 12 Two-Bedrooms: 875-1,220 SF (two set aside as affordable) Six Three-Bedrooms: 1,285-1,400 SF (one set aside as affordable) Retail: 3,250 SF total – 1,000 SF corner restaurant and 2,250 SF divisible retail
  • In addition, plans include a plethora of amenities for tenants such as a 4,700 SF rooftop deck and pool, second and fifth-floor terraces, a 2,000 SF fitness center, 1,000 SF lounge, and 1,500 SF coworking space; 60 of the residential units have balconies
  • Located one mile south of the Golden Triangle, one of the top retail destinations in the world; the site also benefits from the thousands of square feet of office and retail just north along S Beverly Blvd

Exclusively Listed By

Multi-Family

9500 W Pico Blvd

Listing Price: Request For Offer

Lot Size
0.59 acres
Land Type
Redevelopment

Investment Highlights

  • A rare, generational development opportunity in the highly coveted Pico-Robertson neighborhood of Los Angeles at 9500 W Pico Blvd
  • The site currently consists of a carwash and 7,236 SF office building that generates income of $753,492 annually
  • A prominent corner location of W Pico Blvd & S Beverly Dr that spans the entire block
  • The subject property totals 25,821 SF of land zoned C4-1VL-O; the project has been entitled for a six-story mixed-use project totaling 149,150 SF consisting of 108 apartment units and 3,250 SF of ground-floor retail as well as two levels of basement parking with 180 spaces
  • The plans include an attractive unit mix made up of the following: 35 Singles: 485-615 SF (six set aside as affordable) 55 One-Bedrooms: 560-845 SF (10 set aside as affordable) 12 Two-Bedrooms: 875-1,220 SF (two set aside as affordable) Six Three-Bedrooms: 1,285-1,400 SF (one set aside as affordable) Retail: 3,250 SF total – 1,000 SF corner restaurant and 2,250 SF divisible retail
  • In addition, plans include a plethora of amenities for tenants such as a 4,700 SF rooftop deck and pool, second and fifth-floor terraces, a 2,000 SF fitness center, 1,000 SF lounge, and 1,500 SF coworking space; 60 of the residential units have balconies
  • Located one mile south of the Golden Triangle, one of the top retail destinations in the world; the site also benefits from the thousands of square feet of office and retail just north along S Beverly Blvd

Investment Overview

Marcus & Millichap is pleased to present a generational development opportunity spanning an entire city block in the highly coveted Pico-Robertson neighborhood of Los Angeles. 9500 W Pico Blvd, the southwest corner block of W Pico Blvd & S Beverly Dr, totals 25,821 SF of land zoned C4-1VL-O and is entitled for a six-story mixed-use project totaling 149,150 SF consisting of 108 apartment units and 3,250 SF of ground-floor retail as well as two levels of basement parking with 180 spaces. The plans include an attractive unit mix made up of 35 singles (485-615 SF) with six set aside as affordable, 55 one-bedrooms (560-845 SF) with 10 set aside as affordable, 12 two-bedrooms (875-1,220 SF) with two set aside as affordable, six three-bedrooms (1,285-1,400 SF) with one set aside as affordable, and 3,250 SF of retail with a 1,000 SF corner restaurant and 2,250 SF of divisible retail. Plans also include a plethora of amenities such as a 4,700 SF rooftop deck and pool, second and fifth-floor terraces, a 2,000 SF fitness center, 1,000 SF lounge, and 1,500 SF coworking space. There are balconies for 60 of the residential units. The site currently consists of a carwash and 7,236 SF office building that generates income of $753,492 annually. Although a market-rate project has been entitled, there is also potential for a 100% affordable housing project through ED-1. Ownership has preliminary plans for 203 affordable housing units (contact agent for additional details).

Exclusively Listed By

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