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.
BRENT ROBERTS Realtor | CA BRE# 01946139 | 619-762-4883
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