$1,500,000
About this home
Exceptional Mid-Wilshire Development Opportunity to acquire approx 4,725 SF site in the heart of Mid-Wilshire Beverly Center-Miracle Mile. Located within a TOC Tier area and zoned LAR3/C1, the property offers potential access to density bonuses, parking reductions, and development incentives for multifamily and mixed-use projects. The versatile property features a large open-air ground-floor area and supports a wide range of potential uses, including multifamily residential, mixed-use, live/work, office, retail, and residential-commercial development. Residential projects are generally developed under R3 standards, creating an attractive framework for higher-density development. Ideally situated near the Miracle Mile, the property is just minutes from LACMA, the Academy Museum, Petersen Automotive Museum, La Brea Tar Pits, The Grove, Original Farmers Market, Koreatown, Beverly Hills, Culver City, and the Metro D Line Extension, with convenient access to the 10 Freeway. Surrounded by ongoing redevelopment and investment throughout Mid-Wilshire, this strategically located site offers exceptional long-term growth potential in one of Los Angeles' most desirable urban neighborhoods. Seller intends to complete a Section 1031 Tax-Deferred Exchange. Buyer agrees to cooperate with Seller's exchange at no additional cost or liability to Buyer.
Facts & features
- Bathrooms
- 0
- Heating
- Central
- Lot size
- 0.109 acres (4,725 sq ft)
- Year built
- 1937
- Parking spaces
- 6
- Area
- C 19 - Beverly Center-Miracle Mile
- County
- Los Angeles
- Community features
- Gated
- Status
- Active
- Property type
- Mixed Use
- Days on market
- 37
- Listed
- 2026-06-04
- Original price
- $1,750,000
- Terms
- Cash, Contract
- Parcel #
- 5085014035
- MLS #
- 26844715PS
