True North CRE of Compass Commercial, as the exclusive listing agent, is pleased to present a premier opportunity to acquire five contiguous lots located at 5613 - 5627 W Pico Blvd in the highly sought-after Mid-City submarket of Los Angeles. This expansive ± 17,097 SF development site is zoned C4-1-O TOC Tier 2, permitting the construction of approximately 45 units by-right, or up to approximately 74 units with the utilization of the TOC density bonus. The site boasts ± 165 feet of frontage along W Pico Blvd. and currently includes a 4,077 square foot office building. The property does not contain any existing rental units, meaning the new development will not be subject to the Rent Stabilization Ordinance. Situated in the vibrant Mid-City neighborhood, the property boasts an exceptional walk score of 91, designating it as a walker’s paradise. Residents will enjoy an energetic urban lifestyle, with immediate access to renowned dining establishments, bars, and a variety of cultural attractions such as LACMA, Little Ethiopia, The Petersen Automotive Museum, The Grove, Third Street Restaurants, Melrose Trading Post, and the El Rey Theater. Future residents will benefit from convenient access to major transportation hubs and freeways, including the 10 and 101 freeways, facilitating easy commutes to key employment centers such as Downtown Los Angeles, the San Fernando Valley, and Silicon Beach. Additionally, several subway stations, including La Cienega/Jefferson and Expo/La Brea, are in close proximity. Los Angeles International Airport is also less than 30 minutes away, further enhancing the property’s appeal.