NOT LISTED FOR SALE

2599 W Pico Blvd Los Angeles, CA 90006

Pico-Union Neighborhood

Estimated Value: $1,896,991

0.16 Acre
$11,856,194 Price per Acre
6,968 Sq Ft Lot

Last Sold March 07, 2023

Last sale price $1,650,000

Est. 15% increase in value since last sale

Current estimated payment $12,129/month

185 Days on Market

About This Lot

As of March 2023

2599 West Pico Boulevard is a 3,867 SF retail space situated on a 6,968 SF LAC2 zoned lot. 17 units can be built by right, and 31 units can be built with the TOC Tier 3 density bonus (buyer to verify). The property is currently divided into three retail spaces that average about 1,200 SF. All three spaces are rented out to a laundromat, a restaurant, and a clothing store. All three businesses have been reliable tenants for years and are on month-to-month leases. There is parking space in the lot as well. Most recently, the current owners made improvements to the parking lot and the roof. The property is in the up & coming Koreatown area, on Pico Boulevard, near Vermont Ave. This location provides very easy access to all the employment opportunities, excellent restaurants, shopping, and entertainment that Koreatown, Hollywood and Downtown LA have to offer, making it highly sought after by the young professional tenant. In addition, the area is deemed a "Walker's Paradise" with a walk score of 93 out of 100 since many daily errands can be done by foot. 2599 West Pico Boulevard provides a unique opportunity for an investor looking to place money on valuable retail space in an up & coming neighborhood, or a developer looking to develop a large lot with great potential.

Last Agent to Sell the Property

Nicole Apostolos

Equity Union License #01464936 Listed on: 05/31/2022

Equity Union

Last Buyer's Agent

Subscriber Non

Non-Participant Office License #13252

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $21,512

Lot Details

  • 6,968 Sq Ft Lot
  • Property is zoned LAC2

Utilities

  • Phone Available
  • Cable TV Available

Listing and Financial Details

  • Assessor Parcel Number 5078-030-016

Property Details

Property Type

Land

Est. Annual Taxes

$21,512

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Lot Acreage: 0.1600
  • Number Of Photos: 8
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: Yes
  • Electric: On Site
  • Gas: On Site
  • Sewer: On Site
  • Telephone Service: On Property
  • Telephone: Yes

Lot Info

  • Assessor Parcel Number: 5078-030-016
  • Lot Size Area: 6968

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 21, 2023
Sold by
Pantazis Eleni
Bought by
2599 West Pico Blvd Llc
Current Estimated Value
$1,896,991

Purchase Details

Listed on
May 31, 2022
Closed on
Mar 3, 2023
Sold by
Mildred Sanchez Living Trust
Bought by
Sanchez Sean and Sanchez Jason
Seller's Agent
Nicole Apostolos
Equity Union
Buyer's Agent
Subscriber Non
Non-Participant Office
List Price
$1,995,000
Sold Price
$1,650,000
Premium/Discount to List
-$345,000
-17.29%
Views
13

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Avg. Annual Appreciation
4.77%

Purchase Details

Closed on
Dec 27, 2022
Sold by
Sanchez Sean
Bought by
843 West Arrow Highway Llc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,200,000
Interest Rate
6.15%
Mortgage Type
Seller Take Back

Purchase Details

Closed on
Feb 2, 2022
Sold by
Mildred Sanchez
Bought by
Sanchez Sean and Sanchez Jason
Source: Public Records

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
2599 West Pico Blvd Llc -- None Listed On Document
Pantazis Eleni -- None Listed On Document
Sanchez Sean -- Lawyers Title
843 West Arrow Highway Llc $1,650,000 Lawyers Title
Sanchez Sean -- Matthew D Kann
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner 843 West Arrow Highway Llc $1,200,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/07/2023 03/07/23 Sold $1,650,000 0.0% --
12/07/2022 12/07/22 Price Changed $1,650,000 -17.3% --
12/07/2022 12/07/22 For Sale $1,995,000 +20.9% --
12/02/2022 12/02/22 Pending -- -- --
12/01/2022 12/01/22 Off Market $1,650,000 -- --
05/31/2022 05/31/22 For Sale $1,995,000 -- --
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
2025 $21,512 $1,716,660 $1,560,600 $156,060
2024 $21,512 $1,683,000 $1,530,000 $153,000
2023 $9,308 $665,868 $517,609 $148,259
2022 $8,897 $652,812 $507,460 $145,352
2021 $8,757 $640,012 $497,510 $142,502
2019 $8,513 $621,030 $482,754 $138,276
2018 $8,318 $608,854 $473,289 $135,565
2016 $7,835 $585,212 $454,911 $130,301
2015 $7,731 $576,422 $448,078 $128,344
2014 $7,764 $565,131 $439,301 $125,830
Source: Public Records

Agents Affiliated with this Home

  • Nicole Apostolos

    Seller's Agent in 2023

    Nicole Apostolos

    Equity Union

    (818) 747-7442

    2 in this area

    25 Total Sales

    Nicole Apostolos
    Section Image

  • S

    Buyer's Agent in 2023

    Subscriber Non

    Non-Participant Office

See All Agents

Map

Source: The MLS

MLS Number: 22-156713

The MLS

APN: 5078-030-016

California Los Angeles County Los Angeles 90006 Pico-Union

2599 W Pico Blvd, Los Angeles, CA

This home is located at 2599 W Pico Blvd, Los Angeles, CA 90006 since 31 May 2022 and is currently estimated at $1,896,991. 2599 W Pico Blvd is a home located in Los Angeles County with nearby schools including Leo Politi Elementary, Berendo Middle, and West Adams Preparatory High School.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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