601 La Brea Ave - Price Reduced!! Miracle Mile Mixed-Use Land 0.23 Acres of Commercial Land Offered at $4,150,000 in Los Angeles, CA 90036

HUGE 800K PRICE REDUCTION! MUST CLOSE BY 12/10. SELLER IS WILLING TO CARRY PAPER. 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.