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Hot Beverly Center-Miracle Mile Properties

$6,400,000
ACTIVE Status
Developers Dream - opportunity to acquire five contiguous lots located at 5613 - 5627 W Pico Blvd in the prime Mid-City submarket of Los Angeles. The 17,097 SF development site is zoned C4-1-O TOC Tier 2 allowing a developer to build +/- 45 units by-right or up to +/- 74 units utilizing the TOC density bonus. The site currently comprises a 4,077 square foot office building. The property offers a rare development opportunity as no previous rental units are on Lot and the new development will not be subject to the Rent Stabilization Ordinance. The property, situated in the Mid City neighborhood has a remarkable walk score of 91 (a walker's paradise), and offers residents a vibrant urban lifestyle. The property is just steps from renowned dining venues, bars,. Nearby attractions include LACMA, Little Ethiopia, The Peterson Automotive Museum, The Grove, Third Street Restaurants, Melrose Trading Post, and El Rey Theater, just to name a few. Future residents will enjoy convenient access to major transportation hubs and freeways, including the 10 freeway, and 101, facilitating easy commuting to employment hubs such as Downtown Los Angeles, San Fernando Valley, and Silicon Beach. For those looking for public transportation, there are several subway stops in proximity of the property including La Cienega/Jefferson and Expo/La Brea Stations. Additionally, Los Angeles International Airport is less than 30 minutes away. Please contact John Swartz or Jackie Carroll for more information.

5615 W Pico Blvd, Los Angeles

Courtesy of Compass, John Swartz - CA DRE#01873487

$5,150,000
5 Beds 6 Baths ACTIVE Status
Located on one of the finest streets in Beverly Grove, this newly-constructed architectural masterpiece offers the epitome of luxury living in the heart of Los Angeles unlike any other home in this coveted neighborhood. Constructed as the personal residence for a luxury home developer, this estate features every amenity imaginable and the finest in materials and finishes. Completely gated, and flanked by mature hedges around the entire property, the property transports you to a true oasis, featuring lush landscaping and the ultimate seclusion and privacy. The soaring 12 ft+ ceilings, skylights, and Southern exposure provide an abundance of natural light, while a double-height pivot door opens to a large open-concept floor plan complete with walls of glass and views to the beautifully manicured garden. A seamless flow connects the public spaces, centered around the family room complete with custom built-in bookshelves and Italian tile-clad fireplace. The chef's kitchen is equipped with custom cabinetry, walk-in pantry, dual sinks & dishwashers, state-of-the-art integrated Miele appliances & PITT stove-top, espresso machine, and an enormous 16ft center island - the perfect place for entertaining and hosting on all scales. Additional highlights include a bespoke bar, 1000+ bottle wine cellar with refrigeration, private elevator and home automation system including speaker system, Lutron lighting and automatic shades. Enjoy quintessential indoor-outdoor living, with a wall of multi slide Fleetwood doors that retract to the pool deck - a true engineering masterpiece. The immensely private backyard boasts a zero-edge pool and spa, floating daybed, mid-century hanging chairs, dog run, and large patio equipped with an outdoor kitchen and fire-pit for intimate gatherings or large-scale parties. Akin to the best in hotel-living, the primary suite is a true retreat that boasts Roman clay plaster walls, custom cabinetry, sliding doors that open to a private terrace complete with outdoor shower, and a spa-like ensuite bathroom complete with stone sinks, soaking tub and oversized rainfall steam shower. All 5 guest suites are en-suite, with one adorned with a hidden door/wall making it the perfect upstairs lounge or theater. The enormous roof-deck, is one of the largest found in all of Beverly Grove featuring unobstructed 360 degree views of the City and Hollywood Hills. This exquisitely designed space was thoughtfully curated, and is serviced by an elevator for easy, convenient access and seamless entertaining, and features a custom outdoor kitchen, fire-pit, various seating areas, and steel pergola. A true wellness retreat, it also features a sauna and cold-plunge pool.Meticulously designed, and incredibly rare and unique in its complete privacy, this modern home features the highest level of finishes and design for the most discerning Buyer just moments away from some of the best dining, shops, and nightlife LA has to offer.

8230 W 4th St, Los Angeles

Courtesy of Sotheby's International Realty, Neyshia Go - CA DRE#01933923

$4,995,000
14 Beds 14 Baths ACTIVE Status
8520 Whitworth Dr is a highly coveted Pico Robertson submarket, located just west of S La Cienega Blvd between W Olympic Blvd and W Pico Blvd, a premier Los Angeles neighborhood that attracts high-end renters with a consistently low vacancy rate and steady rent growth.The 2017 high quality construction is not subject to the Los Angeles Rent Stabilization Ordinance; the property totals 9,993 SF with seven spacious units that are all two-bedrooms (1,100-1,200 SF); there is one level of subterranean parking and one level of ground floor parking with 14 spaces total.Units have a condo feel each with a large patio and balconies, in-unit washers and dryers, fireplaces, recessed lighting, custom cabinets, and high-quality kitchens and bathrooms, and central air; the two units on the top floor feature vaulted ceilings.The building is currently fully occupied with strong in-place income; however, there is 18% rental upside achievable over time as units turn.There is a significant affordability gap between renting and home ownership in the neighborhood; within two miles of the subject property, the median home value is over $1 MM; the average household income within two miles of the property is $124,520.The Pico-Robertson neighborhood is an established Los Angeles community known for providing an array of amenities within a half-mile radius, the property has a walk score of 86 and is close proximity to S La Cienega, W Pico, and W Olympic Blvd with high-end retail options for residents.

1100 S Corning St, Los Angeles

Courtesy of Marcus & Millichap, Neema Ahadian - CA DRE#01346750

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