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920 S La Brea Ave - 920 S La Brea Ave Los Angeles CA 90036 0.14 Acres of Commercial Land Offered at $2,495,000 in Los Angeles, CA 90036
Investment Highlights
- Tier 3 TOC designation with C2/R4 zoning supports up to 26 residential units.
- Close to major retail, dining, and cultural destinations including Miracle Mile and Beverly Grove.
- Strong demand for multifamily housing in a supply-constrained market.
- Centrally located between Wilshire Boulevard and Olympic Boulevard in Mid-City Los Angeles.
- Excellent access to public transportation and major freeways for convenient commuting.
- The surrounding area includes a mix of commercial and residential uses
Executive Summary
Property Facts Under Contract
| Price | $2,495,000 | Property Subtype | Commercial |
| Sale Type | Investment | Total Lot Size | 0.14 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | ||
| Zoning | LAC2 - Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales | ||
| Price | $2,495,000 |
| Sale Type | Investment |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Total Lot Size | 0.14 AC |
| No. Stories | 1 |
| Zoning | LAC2 - Retail w/ Limited Manufacturing, Service Stations and Garages, Retail Contr. Business, Churches, Schools, Auto Sales |
1 Lot Available
Lot
| Price | $2,495,000 | Lot Size | 0.14 AC |
| Price Per AC | $17,821,428.57 |
| Price | $2,495,000 |
| Price Per AC | $17,821,428.57 |
| Lot Size | 0.14 AC |
Introducing an exceptional investment opportunity at 920 S La Brea, where a sprawling vacant lot awaits your vision. The true allure of this property lies in its zoning potential
Description
This property presents a rare development opportunity in the heart of Los Angeles. Located at 920 S La Brea Avenue, the site spans approximately 6,174 square feet and is zoned C2/R4 with Tier 3 TOC designation, allowing for the potential development of up to 26 residential units. This zoning flexibility makes it an attractive option for developers seeking to deliver high-demand housing in a thriving urban corridor. The property benefits from its central location between Wilshire Boulevard and Olympic Boulevard, providing excellent connectivity to major employment centers, retail destinations, and cultural attractions. Residents will enjoy proximity to popular neighborhoods such as Miracle Mile, Beverly Grove, and Mid-Wilshire, as well as easy access to public transit and major freeways. With strong demand for multifamily housing in Los Angeles and limited available land, this site offers significant long-term value for investors and developers. Whether envisioned as a modern apartment community or a mixed-use project, this parcel provides a blank canvas in a high-growth market.
Property Taxes
| Parcel Number | 5084-004-037 | Improvements Assessment | $120,317 |
| Land Assessment | $233,577 | Total Assessment | $353,894 |
Property Taxes
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920 S La Brea Ave - 920 S La Brea Ave Los Angeles CA 90036
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