1306-1358 N. La Brea Avenue
- -Development Potential. Exceptional 1.83-acre multi-family/mixed-use development site featuring 554’ feet of frontage on N. La Brea Avenue to the corner of DeLongpre Avenue.
- -Prime Location. Prized location at the border of West Hollywood - walking distance to numerous amenities including countless restaurants, bars, shopping, yoga, fitness and iconic hiking at Runyon Canyon.
- -Curb Appeal. La Brea Gateway offers extraordinary presence and position due to its frontage, size and scale.
- -Strong Demand. Significant demand for multifamily housing in both the Hollywood and West Hollywood submarkets including low-income/affordable, market rate, student and workforce housing.
Property Description
Avison Young – Southern California, Ltd., as exclusive advisor, is pleased to present the opportunity to acquire the fee simple interest in 1306 – 1358 North La Brea Avenue (“La Brea Gateway” or the “Property”) located at the border of West Hollywood and Hollywood. La Brea Gateway is a rare and highly-prized developmental opportunity comprised of eight parcels totaling 79,659 square feet of land and currently improved with 46,143 square feet of office and creative office. This is the largest land development opportunity currently available in the Hollywood and West Hollywood submarkets and presents a rare combination of i) prime location near myriad entertainment business hubs, ii) walkable retail amenities including the highly sought-after Sycamore District and iii) nearly a full block of contiguous land on which to build.La Brea Gateway’s central location lies on the edge of both Hollywood and West Hollywood – two of the most desirable residential markets in Los Angeles due to their young, affluent demographics, rich retail, hospitality and entertainment options and access to major regional thoroughfares and mass transit options. The central location provides easy access to Beverly Hills, the San Fernando Valley, Westside and Downtown LA CBDs. Bordered by De Longpre, La Brea and Fountain Avenues provides La Brea Gateway with exceptional visibility and flexibility of access.Large-scale development opportunities such as this are rare in the rapidly maturing Hollywood and West Hollywood markets. The Property is located in the Hollywood Community Plan Implementation Overlay (CPIO), and eligible for SB 35, AB 2334, AB 2097 and AB 2011bonuses. All of which contribute to this once-in-a-generation opportunity.Broker Details
Avison Young - US - CA - Los Angeles 310 999 1117
Broker Details
Avison Young - US - CA - Los Angeles (323) 603-5045
Key Property Information
| Listing Status: | Unavailable |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $35,000,000 |
| Lot Size: | 1.83 Sq ft |
| Opportunity Zone: | No |
| Property Website | Click Here |
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