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.