133 N La Brea Ave, Los Angeles, CA 90036 — Sale in Los Angeles, CA
- Price: Contact for price
- Listing type: For sale
- Asset type: Commercial Land
- Location: Los Angeles, CA 90036
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Description
133 N La Brea Avenue is offered for sale on a portfolio basis with 141 N La Brea Avenue, a separately listed 5,200 SF two-story Spanish Revival restaurant, bar, and lounge located two parcels north on the same block. Together, the properties create a rare La Brea corridor offering: a fully built-out hospitality asset paired with a strategic parking, land, and billboard parcel nearby. 133 N La Brea consists of approximately 4,190 SF of level, rectangular C2-1VL land with roughly 40 feet of frontage on N La Brea Avenue. The site is currently improved as an approximately 12-stall surface parking lot with direct alley access and an existing Clear Channel billboard that generates passive in-place income. With no structures to demolish, the parcel offers immediate utility and long-term flexibility in one of Los Angeles’s most parking-constrained commercial corridors. The property provides three clear value paths: hold for parking and billboard income, lease or sell as dedicated patron parking for the 141 N La Brea restaurant operation, or redevelop the site outright. Located between Beverly Boulevard and 3rd Street, the parcel benefits from proximity to the Metro D Line Wilshire/La Brea station, LACMA’s David Geffen Galleries, Television City, District La Brea, The Grove, and the surrounding La Brea retail, hospitality, and cultural corridor. Investment Highlights: • Rare La Brea Land Parcel: 4,190 SF C2-1VL land parcel with in-place parking and billboard income. • Multiple Value Paths: Hold for income, lease to 141 as dedicated parking, or redevelop. • Prime Corridor Catalysts: Steps from the Metro D Line, LACMA's Geffen Galleries, and Television City.
Market Context
This land in Los Angeles, CA is listed for sale. Compare it against other land listings for sale in Los Angeles, CA — view the full market.
Contact
- Iman Mossanen · (310) 909-5422 · iman.mossanen@marcusmillichap.com
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