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- LoopNet Team
601 La Brea Ave
Los Angeles, CA 90036
Price Reduced!! Miracle Mile Mixed-Use Land · Land For Sale
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0.23 AC
INVESTMENT HIGHLIGHTS
- PRIME Corner Lot: ±9,888 SF located at the intersection of 6th Street & La Brea Avenue in Miracle Mile
- TRANSIT ORIENTED Steps from the Wilshire/La Brea Metro Station (opening Q4 2025).
- SURROUNED by amenities: Near LACMA, The Grove, République, Hancock Park, and more.
- AFFLUENT Demographics: Avg. household income of $120K+ and population over 40,000 within a 1-mile radius.
- HIGH exposure Location: Over 75,000 vehicles per day and strong foot traffic.
- CHIP Tier 3 + TOC Tier 4: Located in both the TOC Tier 4 and CHIP Tier 3 zones, maximizing density and incentive potential (buyer to verify).
PROPERTY FACTS
DESCRIPTION
Prime redevelopment opportunity! ~9,888 SF corner lot, steps from the Wilshire/La Brea Metro Station (anticipated Q4 2025). High visibility, Located in the CHIP Transit Oriented Incentive Area (TOIA) 3 and Opportunity Corridor Incentive Area OC-3, offering additional housing incentives. This corner lot has potential for an 8-story mixed-use development with up to 90 units and 4,200 SF of retail space and/or restaurant (subject to buyer verification). As a vacant lot, there are no existing tenants to relocate or replace.
PROPERTY TAXES
| Parcel Number | 5508-007-014 | Improvements Assessment | $233,494 |
| Land Assessment | $3,825,897 | Total Assessment | $4,059,391 |
PROPERTY TAXES
