133 N La Brea Avenue
Land | 0.1 SqFt
Marketing description
133 N La Brea Avenue is a rare ±4,190 SF parking and land parcel on the west side of La Brea Avenue between Beverly Boulevard and 3rd Street. The level, rectangular site is improved as an approximately 12-stall surface parking lot with direct alley access and an existing Clear Channel billboard, offering immediate utility and passive income in one of Central LA’s most parking-constrained commercial corridors.
The property is offered in conjunction with 141 N La Brea Avenue, a separately listed ±5,200 SF two-story Spanish Revival restaurant, bar, and lounge property nearby. Together, the assets create a compelling hospitality portfolio: a fully built-out character restaurant supported by a dedicated parking and land parcel in a market where parking meaningfully enhances operational value.
With C2-1VL zoning, no structures to demolish, and proximity to Hancock Park, Fairfax, the Sycamore District, Miracle Mile, LACMA, The Grove, and the Metro D Line, 133 N La Brea offers multiple paths to value. A buyer can operate the lot as-is, capture billboard income, support the 141 N La Brea restaurant use, or pursue future redevelopment on a clean, flexible parcel along one of LA’s most active retail and hospitality corridors
Investment highlights
- Rare Parking on La Brea: ±4,190 SF level, rectangular parcel with approximately 40 feet of frontage on N La Brea Avenue, where parking is scarce and curbside access is highly limited.
- Companion to 141 N La Brea: Offered in conjunction with the separately listed ±5,200 SF Spanish Revival restaurant, bar, and lounge property nearby, creating a rare hospitality-plus-parking portfolio.
- In-Place Billboard Income: Existing Clear Channel billboard provides passive, low-management income under a national outdoor advertising contract, with lease terms available under NDA.
- Operating Surface Lot: Approximately 12 striped parking stalls with direct alley access from the west, offering immediate utility and income potential from day one.
- Development-Ready Profile: C2-1VL zoning, level rectangular configuration, and no existing structures to demolish create a clean path for future redevelopment.
- Multiple Paths to Value: Hold for parking and billboard income, support the adjacent restaurant use, lease or sell as dedicated patron parking, or pursue future development.
- High-Demand Corridor Location: Walk Score 92 and Transit Score 70, near Hancock Park, Fairfax, the Sycamore District, Miracle Mile, LACMA, The Grove, and the Metro D Line.
- Major Nearby Catalysts: District La Brea, Television City, LACMA’s David Geffen Galleries, and the Metro D Line continue to reinforce long-term corridor demand.
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