3043 S La Brea Avenue, Los Angeles, CA 90016 - Berkshire Hathaway HomeServices California Properties

3043 S La Brea Avenue, Los Angeles, CA 90016

$10,995,000 Approx. USD 0 beds, 0 baths

Listing Agent


Michelle R. Esquivel-Hart | michelle.esquivel@cbre.com
Lic#: 01290582
Broker: Courtesy of CB Richard Ellis, Inc.

Agent Remarks

Pleased to offer for sale a prime Jefferson Corridor TOD opportunity in West Adams, located on S La Brea Avenue and S Orange Drive. Bordered by Culver City to the West, South of LACMA and Northeast of Silicon Beach on Jefferson, the Jefferson Corridor has launched an impressive array of redevelopment projects, which have firmly established the thoroughfare as a vibrant commercial, tech, entertainment and mixed-use district. Centered at the apex of the Corridor and 1/2 block from the Metro EXPO Blue Line, the 2 parcels consist of approximately 39,901 square feet of land (pursuant to the Assessors records) and approximately 11,701 square feet of building, which is currently the home to a successful 7-decades-old family-owned business. The Jefferson Corridor stretches from Santa Monica to the University of Southern California, with the Metro EXPO Blue Line, often referred to as the "Subway to the Sea," directly connecting the beach communities to the intersection of business, entertainment, and culture. The offered property is surrounded by an impressive array of innovative global market leaders and state-of-the art projects including: Amazon Studios, Warner Media, HBO, Whole Foods, The Grove LA, Cumulus, Baby to Baby, Wrapper, the enchantment of Exposition Park, Sony Pictures, and the new Apple Campus, among others. ln addition to the entities mentioned above, the Jefferson Corridor provides access to a host of new regional amenities, including the new 22,000-seat Banc of California Stadium and the soon to open, Star Wars Museum: George Lucas Museum of Narrative Art (2023), both of which demonstrate the City's overall commitment to the area's economic enrichment. This exceptional location represents a highly strategic redevelopment opportunity.

Listing Details

Property type: (Commercial)
Status: Active
MLS# 24436673
Price: $10,995,000
HOA Fee is $0.00
Built in 1948
0.75 acres
Lot size: 0.7510
County: Los Angeles
Zoning: LAC1.5
MLS area: C16 - Mid Los Angeles

Last Updated: 12/8/2024

 Days On Market (DOM): 215

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This listing belongs to the C16 - Mid Los Angeles MLS area

Lat/Long: 34.026256, -118.354949.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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