For Sale
Call for price

1306 La Brea AveLos Angeles, CA 90028

1.83-acre development opportunity in prime West Hollywood.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 1.83-acre development site, located at 1306 N La Brea Ave, Los Angeles, CA 90028, presents a unique redevelopment opportunity in the heart of West Hollywood. The property encompasses 79,659 square feet of land and features five existing buildings totaling 46,143 square feet of creative office space, currently zoned C2. The site boasts 554 feet of frontage on North La Brea Avenue, extending to the corner of De Longpre Avenue, offering exceptional visibility and street presence. Its prime location provides easy access to numerous amenities, including restaurants, bars, shopping, and Runyon Canyon. The existing improvements are well-maintained and could generate interim revenue during the entitlement and permitting process. The seller is open to a leaseback through the third quarter of 2025, providing additional time for securing interim tenants. This large-scale development opportunity is situated in a high-demand area with significant potential for multifamily housing, aligning with the Hollywood Community Plan Implementation Overlay (CPIO) and eligible for SB 35, AB 2334, AB 2097, and AB 2011 bonuses. This is a rare chance to acquire a nearly full block of contiguous land in one of Los Angeles' most desirable and rapidly developing neighborhoods. The property's central location offers convenient access to Beverly Hills, the San Fernando Valley, the Westside, and Downtown Los Angeles.

Highlights

  • 1.83-acre multi-family/mixed-use development site in West Hollywood, offering 554 feet of frontage on North La Brea Avenue at De Longpre Avenue.
  • Prime West Hollywood location near restaurants, bars, shopping, and Runyon Canyon.
  • High-profile site with strong street presence due to size and location.
  • Existing 46,143 square foot office building provides potential interim income during development.
  • High demand for multifamily housing in the Hollywood and West Hollywood submarkets.

Property Details for 1306 La Brea Ave

Property type
Office properties, Office space
Square Feet
46,143 SF
Buildings
5
Stories
2

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.094990394289
Longitude
-118.34405010854
1306 La Brea Ave, Los Angeles, California

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1306 La Brea Ave
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