3045 S La Brea Ave 0.92 Acres of Commercial Land Offered at $8,167,020 CAD in Los Angeles, CA 90016

This is a rare opportunity to acquire approximately two parcels totaling ±40,000 SF of land adjacent to the prime intersection of La Brea Avenue and Jefferson Boulevard. The property is strategically positioned between Culver City, the Metro Expo Line, and West Adams, offering exceptional transit-oriented development potential. Current zoning allows for up to nine stories and approximately 230 residential units by right (buyer to verify). The site’s size and configuration also make it well-suited for alternative uses such as outdoor storage, EV charging or potential self-storage. The property benefits from strong demographics, high vehicle counts, excellent visibility, and significant new investment throughout the surrounding area. Just blocks away, Costco is partnering on its first mixed-use project in the United States, combining a ground-floor Costco with hundreds of residential units above, anticipated for completion in 2027. Historically, Costco developments have driven increased employment, vehicle traffic, retail demand, and long-term residential value—often referred to as the “Costco Effect.”