424-365-8621
, Los Angeles, CA for Sale
Retail - FOR SALE
1/30
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6th and La Brea
Los Angeles, CA


HIGHLIGHTS

  • Value-add investment opportunity to purchase three trophy retail assets on the heavily traveled corridors of 6th Street and La Brea Avenue.
  • Located in booming Miracle Mile, a block away from the new Metro station on Wilshire and new hotel developments.
  • 6th and La Brea offers modern amenities, impeccably designed interiors, and rooftop parking in a supply-constrained area.
  • Nearby landmarks include LA's Urban Light Sculpture, The Grove, and notable tenants such as Sugar Fish, Sweetgreen, and Bluestone Lane Coffee.

OVERVIEW

Kidder Mathews and CBRE are pleased to present for sale 6th and La Brea, a trophy mixed-use retail investment portfolio in Los Angeles, California. This offering comprises three retail properties totaling 23,569 square feet, with a value-add opportunity correlating with the 60% vacancy. The properties feature dedicated rooftop parking in a supply-constrained area. Due to TOC zoning, the properties have the potential for al fresco dining with minimal requirements. 6th and La Brea is featured in the heart of Los Angeles, where the surrounding areas of West Hollywood, Hollywood, Fairfax, Melrose, Miracle Mile, Hancock Park, Beverly Grove, and Koreatown all converge into an eclectic mix on La Brea. The assets anchor the prominent corner of 6th Street and La Brea Avenue, which experience high volumes of vehicle and pedestrian traffic. New mixed-use apartment complexes, Class A offices, and retail/dining destinations culminate into this live-work entertainment epicenter. The asset sits just north/across from the new Metro Wilshire Station and planned hotel development. This established corner is filled with chic restaurants, and flagship retailers continue to grow overnight as more developments break ground and get closer to completion. The highly anticipated La Brea and Wilshire Metro Rail Station, the major first extension of rail stations, will provide a constant influx of workers, residents, and visitors hopping on and off the Metro Line heading to or from Downtown Los Angeles through Miracle Mile and Beverly Hills (with Westwood available in the near future). Directly adjacent to the metro and immediately across from the offerings is a world-class hotel development set to add over 250 units to the top retail and restaurant options that anchor an already densely filled corridor. 6th and La Brea offers the generational opportunity to become a fixture in this evolving and highly sought-after urban enclave.

ASK ABOUT THIS PROPERTY

Patrick YlaganKidder MathewsMore Info
424-365-8621

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Patrick YlaganKidder MathewsMore Info
424-365-8621

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.