$5,500,000
$500K PRICE DROP

4303 W Pico Blvd Los Angeles, CA 90019

Miracle Mile Neighborhood

Estimated payment $32,856/month

Total Views 2,596
0.38 Acre
$14,508,045 Price per Acre
16,514 Sq Ft Lot

About This Lot

We are pleased to present a unique affordable housing development opportunity at 4303-4313 W Pico Blvd in Mid City. Plans call for 152 income-restricted housing units with an ideal unit mix of 81 singles and 71 one-bedrooms with no parking required. The discount to surrounding market rents support both a voucher based and workforce housing lease-up strategy, allowing a developer multiple lease-up options and flexibility at completion. The six-story mid-rise project is designed with a stacked design, utilizing Type III over Type I construction for expedited construction and reduced costs. The project also includes 7,747 SF of open space, allowing a developer to provide additional amenities or supportive housing services for residents. The project is offered at a low $36,184 per buildable unit, offering a privately funded developer the opportunity to fund the entire project without tax credits or government subsidies. The existing two retail units will be delivered vacant at the close of escrow, allowing a developer to break ground and start on the project once permits have been pulled.

Listing Agent

Neema Ahadian

Marcus & Millichap License #01346750 Listed on: 01/20/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $29,765

Lot Details

  • 0.38 Acre Lot
  • Property is zoned LAC4

Listing and Financial Details

  • Assessor Parcel Number 5082-022-006

Property Details

Property Type

Land

Est. Annual Taxes

$29,765

Lot Details

0

Listing Details

  • Property Type: Land
  • Street Number Display: Yes
  • Lot Acreage: 0.3791
  • Number Of Photos: 4
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: LotsLands

Exterior Features

  • View: No

Utilities

  • Cable: No
  • Telephone: No

Lot Info

  • Assessor Parcel Number: 5082-022-006
  • Lot Size Area: 16514

Map

Range of Values:

Collateral Analytics

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ICE

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Average Value
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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

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 $29,765 $2,412,451 $2,358,842 $53,609
2023 $29,195 $2,365,149 $2,312,591 $52,558
2022 $27,852 $2,318,775 $2,267,247 $51,528
2021 $27,529 $2,273,310 $2,222,792 $50,518
2020 $1,733 $76,829 $43,461 $33,368
2019 $1,696 $75,323 $42,609 $32,714
2018 $1,450 $73,847 $41,774 $32,073
2016 $1,392 $70,981 $40,152 $30,829
2015 $1,380 $69,915 $39,549 $30,366
2014 $1,402 $68,547 $38,775 $29,772
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/24/2025 03/24/25 Price Changed $5,500,000 -8.3% --
01/20/2025 01/20/25 For Sale $6,000,000 -- --
Source: The MLS

Purchase History

Date Type Sale Price Title Company
Grant Deed $2,250,000 Lawyers Title
Source: Public Records

Source: The MLS

MLS Number: 25491423

The MLS

APN: 5082-022-006

California Los Angeles County Los Angeles 90019 Miracle Mile

4303 W Pico Blvd, Los Angeles, CA

This home is located at 4303 W Pico Blvd, Los Angeles, CA 90019 and is currently priced at $5,500,000. 4303 W Pico Blvd is a home located in Los Angeles County with nearby schools including Queen Anne Place Elementary, Johnnie L. Cochran Jr. Middle School, and Los Angeles Senior 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information is deemed reliable but not guaranteed.

Nearby Homes
Listing Agent
Neema Ahadian
Section Image
Marcus & Millichap
(310) 909-5444