We are pleased to present 607-613 S Detroit Street, a one-of-a-kind trophy development opportunity in Miracle Mile, Los Angeles, CA. The approximately 15,607 SF redevelopment site is zoned [Q]R4-1 and falls under TOC Tier 4 eligibility, allowing for a savvy developer to build up to 49 units and provide as little as no parking, among a variety of other incentives. The asset is currently comprised of two 6 unit apartment buildings built in 1939. 607-613 Detroit Street is ideally located in the high-profile submarket of Miracle Mile, Los Angeles, CA which boasts affluent high-end demographics, high barriers to entry, and strong market fundamentals yielding an investor/landlord favored market conditions with significant growth potential. Centrally located just southeast of The Grove, and conveniently positioned in the center of a broad range of additional employment and retail options.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
