601 La Brea Ave @ 6th St - Commercial LAND FOR SALE


Los Angeles, CA 90036- Miracle Mile9,945 SF
$4,950,000 USD
818-231-5540
601 La Brea Ave @ 6th St, Los Angeles, CA for Sale
$4,950,000 USD
Commercial LAND - FOR SALE
1/9
9,945 SF

601 La Brea Ave @ 6th St
Los Angeles, CA 90036
Miracle Mile


HIGHLIGHTS

  • Located in TOC Tier 4 and TOIA 3 zones with no parking or height limits
  • Positioned steps from Wilshire/La Brea Metro Station opening in Q4 2025
  • Surrounded by high-income neighborhoods and cultural landmarks
  • Eligible for Opportunity Zone tax advantages and housing incentives
  • Adjacent to proposed 250-unit hotel/residential development

OVERVIEW

The property’s location offers unmatched visibility with over 75,000 vehicles per day and strong pedestrian traffic. Surrounded by high-demand neighborhoods such as Hancock Park, Fairfax, Beverly Grove, and Koreatown, the site is immersed in a vibrant urban core with proximity to cultural landmarks like LACMA, The Grove, and the La Brea Tar Pits. The area boasts a dense population of over 40,000 within a one-mile radius and an average household income exceeding $120,000, reinforcing its strong investment fundamentals. With zoning that supports up to 90 residential units and 4,200 square feet of commercial or restaurant space (subject to buyer verification), this parcel is a generational opportunity for developers seeking to capitalize on Los Angeles’ evolving infrastructure and housing demand. The adjacent Metro D Line extension to Westwood, expected by 2026, further enhances long-term value. As a vacant lot, there are no relocation or demolition costs, streamlining the path to development.

FOR SALE DETAILS

PRICE

$4,950,000 USD

PRICE/ACRE

$21,681,448/AC

PRICE/SF

$498 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Prime Miracle Mile Mixed-Use Land Site

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Retail, Mixed Use, Apartment Units, Restaurant

LAND ACRES

0.23 AC

LAND SF

9,945 SF

OFFSITE IMPROVEMENTS

-

ZONING

C2-1

APN/PARCEL ID

5508-007-014

ASK ABOUT THIS PROPERTY

David SaghianLyon Stahl Investment Real EstateMore Info
818-231-5540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

David SaghianLyon Stahl Investment Real EstateMore Info
818-231-5540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.