601 La Brea Ave, Los Angeles, CA 90036
8-story mixed-use development in Miracle Mile
LIST PRICE: $4,150,000 PPSF/LAND: $415
601 S La Brea Ave is positioned for exceptional visibility with more than 75000 vehicles passing daily and steady pedestrian flow. Surrounded by highly coveted neighborhoods such as Hancock Park, Fairfax, Beverly Grove, and Koreatown, the property sits in a vibrant urban core near major cultural landmarks including LACMA, The Grove, and the La Brea Tar Pits. The surrounding area features more than 40000 residents within a one mile radius and an average household income above 120000, reinforcing the site’s strong investment fundamentals.
Zoning allows for the potential to develop up to 90 residential units along with approximately 4200 square feet of commercial or restaurant space, subject to buyer verification. This offering presents a rare opportunity for developers to capitalize on the continued demand for thoughtfully located housing and modern mixed use projects in Los Angeles. The adjacent Metro D Line extension to Westwood, expected in 2026, enhances the long term value of the site. As a vacant parcel, 601 S La Brea offers the advantage of no relocation or demolition costs, streamlining the path to high quality development.
Investment Highlights
Located in TOC Tier 4 and TOIA 3 zones with no parking or height limits
Surrounded by high-income neighborhoods and cultural landmarks
Adjacent to proposed 250-unit hotel/residential development
Positioned steps from Wilshire/La Brea Metro Station opening in Q4 2025
Eligible for Opportunity Zone tax advantages and housing incentives
Exclusively Listed By:
David Saghian
(310) 401-1559
dsaghian@lyonstahl.com