$4,450,000

5151 Pico Blvd, Los Angeles, CA 90019
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The property is a retail shopping center situated on a 28,725 sq. ft. site with substantial frontage on Pico Boulevard. It is configured and used for retail shopping center operations and is associated with a potential development concept that references the Transit Oriented Communities Affordable House Incentive Program, which would be applicable upon the expiration of existing leases.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?

$42k

Tax billed · 2024

Assessed value$3.31M

Assessed land$2.61M

Assessed improvement$697k

Effective rate1.27%

Value estimate

· Oct 2026

$4.45M

$4.01M – $4.90M

AI approach$4.45M

CAP approach$3.08M

Submarket $/SF estimate$4.84M

NOI build-up

Gross scheduled income$273k

Vacancy & credit loss−$28k

Operating expenses−$73k

NOI · 6,856,320.00% cap applied$171k

Realmo valuation models over county records and 9 qualifying comparable sales.

Recently sold

What actually traded nearby?

$424/SF

Submarket average, outlier-cleaned · 78 recorded sales of this use type

Observed band · Q1–Q3$181 – $728

Qualifying comparables9

Cap rate analysis

How does the asset earn?

6,856,320.00%

$171k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?

LAC4

JurisdictionLOS ANGELES

Location intelligence

Which uses thrive at this corner?

Best fit: Dental Office

Demand heat for this use is drawn on the map · LocInt grid

Demand index

Dental Office21.2

Realty agency18.8

Butcher9.3

5151 Pico Blvd Los Angeles, CA 90019

County assessor Recorded deeds · 11 transfers 9 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

4 recorded sales · 16 properties nearby

Address Sale price Sold Size

4934 Pico, Los Angeles, CA 90019-4228 $7,100,071 Mar 2023 10,185 SF

5101 Venice, Los Angeles, CA 90019-5230 $3,450,034 Jul 2022 6,514 SF

3600 Olympic, Los Angeles, CA 90019-2035 $4,180,000 Dec 2019 8,686 SF

5163 Venice, Los Angeles, CA 90019-5201 $2,200,000 Mar 2019 7,246 SF

Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.

Comparable nearby

Value Estimation
$1,880,000

7,246 SF

5163 Venice Blvd

MINI-MALL

5163 Venice Blvd, Los Angeles, CA 90019-5201

View Details
Value Estimation
$1,670,000

8,332 SF

1527 Crenshaw Blvd

MINI-MALL

1527 Crenshaw Blvd, Los Angeles, CA 90019-4356

View Details
Value Estimation
$2,945,000

6,514 SF

5101 Venice Blvd

MINI-MALL

5101 Venice Blvd, Los Angeles, CA 90019-5230

View Details
Value Estimation
$1,395,000

8,535 SF

1130 Fairfax Ave

MINI-MALL

1130 Fairfax Ave, Los Angeles, CA 90019-4449

View Details
Value Estimation
$2,730,000

8,686 SF

3600 Olympic Blvd

MINI-MALL

3600 Olympic Blvd, Los Angeles, CA 90019-2035

View Details
Value Estimation
$1,970,000

6,200 SF

5600 San Vicente Blvd

MINI-MALL

5600 San Vicente Blvd, Los Angeles, CA 90019-2576

View Details

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