133 & 141 N La Brea Avenue Portfolio 2 biens | À vendre | 3 445 520 € | Los Angeles, CA

Discover the La Brea Corridor Collection, a rare two-asset investment opportunity positioned along the high-visibility west side of La Brea Avenue between Beverly Boulevard and 3rd Street, one of the most dynamic and supply-constrained corridors in Central Los Angeles. This unique portfolio pairs a turnkey value-add hospitality asset with a dedicated parking and land parcel, offering investors the uncommon ability to control both a premier restaurant and bar location and its immediate parking infrastructure in a market where parking scarcity significantly enhances long-term asset value and tenant demand. The properties are addressed and listed separately yet strategically marketed together to deliver a synergistic investment profile that combines income potential, operational flexibility, and long-term land value appreciation in a highly sought-after location.

141 N La Brea Avenue is a ±5,200-square-foot, two-story restaurant, bar, and lounge originally constructed in 1928 in the Spanish/Moorish Revival vernacular, delivering a highly curated, architecturally distinctive hospitality environment that stands out within the competitive Los Angeles food and beverage landscape. The building features a domed cupola, an arched upper colonnade, an oculus window, ornate plasterwork, and three street-level roll-up bays that provide seamless indoor-outdoor activation directly onto La Brea Avenue, maximizing visibility and customer engagement along a high-traffic corridor. The interior is fully improved with a custom U-shaped granite bar, a full commercial kitchen, and a dining area, supported by rear-of-house infrastructure on the ground floor, while the upper level offers a separately programmable lounge or speakeasy concept, complete with a second bar and independent alley access. Delivered vacant at close, this asset presents a compelling opportunity for an owner/user, hospitality operator, or investor to capitalize on strong consumer demand, reposition the concept, and drive revenue growth within a proven Los Angeles dining submarket known for high foot traffic and destination appeal.

133 N La Brea Avenue is a level, rectangular ±4,190-square-foot land parcel currently improved as an approximately 12-stall surface parking lot with an existing Clear Channel billboard, providing immediate income-generating potential alongside long-term redevelopment optionality. Zoned C2-1VL and free of existing structures, the parcel offers investors a highly flexible Los Angeles land play that can continue to operate as parking and billboard revenue, be integrated as dedicated parking for 141 N La Brea to enhance hospitality operations and customer convenience, or be repositioned for future development in alignment with ongoing corridor growth and densification trends. The inclusion of a dedicated parking asset in this location materially enhances the overall investment profile, as surrounding retail, restaurant, gallery, and showroom users operate within a parking-constrained environment that continues to experience strong consumer demand and limited new supply.

The surrounding location is further reinforced by a significant pipeline of transformative investment, including CIM’s District La Brea acquisition, the $1.25 billion Television City redevelopment, LACMA’s David Geffen Galleries, and the Metro D Line extension at Wilshire/La Brea, positioning the corridor for continued growth, increased foot traffic, and enhanced connectivity across the greater Los Angeles market. With a Walk Score of 92 and immediate proximity to Hancock Park, Fairfax, the Sycamore Creative District, Miracle Mile, The Grove, and the Original Farmers Market, the portfolio benefits from exceptional accessibility and proximity to some of the region’s most affluent and active consumer bases.

The asset is supported by access to a dense population of over 3,209,586 residents, generating more than $39.1 billion in annual consumer spending, including $11.2 billion dedicated to food and alcohol expenditures, reinforcing the strength of the local hospitality market and the asset's long-term revenue potential. The highly visible location is exposed to over 48,500 consumers, while the surrounding area demonstrates strong purchasing power with an average household income of $123,000. The immediate trade area is anchored by a vibrant mix of local and national retailers, hospitality operators, cultural destinations, and lifestyle amenities, creating a highly energized environment that continues to drive consistent foot traffic and consumer engagement throughout the La Brea corridor.