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    6220 La Brea Ave Los Angeles, CA 90056

    For Sale
    $3,500,000

    Prime Los Angeles development site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    365
    This exceptional 32,220 square foot commercial land parcel, located at 6220 S La Brea Ave, Los Angeles, CA 90056, presents a unique investment opportunity. Priced at $3,500,000 ($108.63/SF), this vacant land is zoned LC R3, LA R3-1, making it ideal for mixed-use or multi-family development. Comprising two adjacent parcels (APN: 4002-024-001

    Property Features for 6220 La Brea Ave

    General Information

    Property type
    Land

    HighLights

    • Vacant land suitable for mixed‑use or multi‑family development.
    • Located between 62nd Street and 62nd Place.
    • Two contiguous parcels available.
    • Across La Brea Avenue from Ladera Park.
    • One block south of Slauson Avenue.
    • North of Inglewood.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.358039
    Latitude
    33.983339

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    FAQs

    What type of property is this?
    Land - Prime Los Angeles development site.
    Where is this land located?
    The property is located at 6220 La Brea Ave Los Angeles, CA.
    What is the asking price?
    The asking price for this property is $3,500,000.
    What are key features of this property?
    This property features: Vacant land suitable for mixed-use or multi-family development.; Located between 62nd Street and 62nd Place.; Two contiguous parcels available.
    (213) 747-4151
    Request Owner's contact information
    6220 La Brea Ave Los Angeles, CA 90056
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    Los Angeles, CA 90056
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    6220 La Brea Ave Los Angeles, CA 90056
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