6th and La Brea
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6th and La Brea
3 Retail Properties in Los Angeles, CA
Virtual Tour
Investment Highlights
- Value-add investment opportunity to purchase three trophy retail assets on the heavily traveled corridors of 6th Street and La Brea Avenue.
- 6th and La Brea offers modern amenities, impeccably designed interiors, and rooftop parking in a supply-constrained area.
- Located in booming Miracle Mile, a block away from the new Metro station on Wilshire and new hotel developments.
- Nearby landmarks include LA's Urban Light Sculpture, The Grove, and notable tenants such as Sugar Fish, Sweetgreen, and Bluestone Lane Coffee.
Executive Summary
Kidder Mathews and CBRE are pleased to present for sale 6th and La Brea, a trophy mixed-use retail investment portfolio in Los Angeles, California. This offering comprises three retail properties totaling 23,569 square feet, with a value-add opportunity correlating with the 60% vacancy. The properties feature dedicated rooftop parking in a supply-constrained area. Due to TOC zoning, the properties have the potential for al fresco dining with minimal requirements.
6th and La Brea is featured in the heart of Los Angeles, where the surrounding areas of West Hollywood, Hollywood, Fairfax, Melrose, Miracle Mile, Hancock Park, Beverly Grove, and Koreatown all converge into an eclectic mix on La Brea. The assets anchor the prominent corner of 6th Street and La Brea Avenue, which experience high volumes of vehicle and pedestrian traffic. New mixed-use apartment complexes, Class A offices, and retail/dining destinations culminate into this live-work entertainment epicenter. The asset sits just north/across from the new Metro Wilshire Station and planned hotel development.
This established corner is filled with chic restaurants, and flagship retailers continue to grow overnight as more developments break ground and get closer to completion. The highly anticipated La Brea and Wilshire Metro Rail Station, the major first extension of rail stations, will provide a constant influx of workers, residents, and visitors hopping on and off the Metro Line heading to or from Downtown Los Angeles through Miracle Mile and Beverly Hills (with Westwood available in the near future). Directly adjacent to the metro and immediately across from the offerings is a world-class hotel development set to add over 250 units to the top retail and restaurant options that anchor an already densely filled corridor. 6th and La Brea offers the generational opportunity to become a fixture in this evolving and highly sought-after urban enclave.
6th and La Brea is featured in the heart of Los Angeles, where the surrounding areas of West Hollywood, Hollywood, Fairfax, Melrose, Miracle Mile, Hancock Park, Beverly Grove, and Koreatown all converge into an eclectic mix on La Brea. The assets anchor the prominent corner of 6th Street and La Brea Avenue, which experience high volumes of vehicle and pedestrian traffic. New mixed-use apartment complexes, Class A offices, and retail/dining destinations culminate into this live-work entertainment epicenter. The asset sits just north/across from the new Metro Wilshire Station and planned hotel development.
This established corner is filled with chic restaurants, and flagship retailers continue to grow overnight as more developments break ground and get closer to completion. The highly anticipated La Brea and Wilshire Metro Rail Station, the major first extension of rail stations, will provide a constant influx of workers, residents, and visitors hopping on and off the Metro Line heading to or from Downtown Los Angeles through Miracle Mile and Beverly Hills (with Westwood available in the near future). Directly adjacent to the metro and immediately across from the offerings is a world-class hotel development set to add over 250 units to the top retail and restaurant options that anchor an already densely filled corridor. 6th and La Brea offers the generational opportunity to become a fixture in this evolving and highly sought-after urban enclave.
Sale Flyer
Property Facts
| Sale Type | Investment | Individually For Sale | 0 |
| Status | Active | Total Building Size | 20,961 SF |
| Number of Properties | 3 | Total Land Area | 0.33 AC |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 3 |
| Individually For Sale | 0 |
| Total Building Size | 20,961 SF |
| Total Land Area | 0.33 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 457 La Brea ave, Los Angeles, CA 90036 | Retail | 4,630 SF | 1929 | - |
| 600 S La Brea Ave, Los Angeles, CA 90036 | Retail | 11,129 SF | 2015 | - |
| 463-467 S La Brea Ave, Los Angeles, CA 90036 | Retail | 5,202 SF | 1928 | - |
Sale Advisors
Sale Advisors
Patrick Ylagan, Senior Associate
(424) 365-8621
Contact
Patrick is a senior associate with Kidder Mathews and part of a comprehensive retail team based in the South Bay. He has been in the commercial real estate industry since 2015, overseeing and maintaining a multitude of segments for his team and clients involved with the acquisition, disposition, and leasing of retail/mixed-use assets. Patrick integrates his team’s experience and expertise into a streamlined process with the use of a world-class platform to produce client-specific results for institutional and private investors, landlords, and tenants.
Patrick’s investment sale and lease experience in a dynamically changing retail landscape has provided modern and creative solutions for his clients and team. His ability to obtain and analyze financial data/trends and his diligence to produce comprehensive materials allows their clients to make timely and well-informed decisions. Prior to Kidder Mathews, Patrick was an associate with CBRE focusing on investment sales. His time within the commercial real estate industry provides him with well-versed experience in capital markets, lease advisory/negotiations, discounted cash flow models/analytics, global marketing, and executing internal business practices held to the high standards of a Fortune 200 company.
Patrick’s investment sale and lease experience in a dynamically changing retail landscape has provided modern and creative solutions for his clients and team. His ability to obtain and analyze financial data/trends and his diligence to produce comprehensive materials allows their clients to make timely and well-informed decisions. Prior to Kidder Mathews, Patrick was an associate with CBRE focusing on investment sales. His time within the commercial real estate industry provides him with well-versed experience in capital markets, lease advisory/negotiations, discounted cash flow models/analytics, global marketing, and executing internal business practices held to the high standards of a Fortune 200 company.
Ken McLeod, Senior Vice President
(310) 592-2884
Contact
Ken is an accomplished Southern California broker with over 25 years of experience, who specializes in investments sales with an emphasis on retail properties and shopping centers. In the course of his career, he has completed over $1 billion in transactions.
Ken is part of a comprehensive retail team based in Kidder Mathews’ El Segundo office. His retail sales expertise comprises the sale of shopping centers, strip centers, “high street” retail, mixed use, net leased properties, and development sites. He has represented a broad array of institutional and private clients, both nationally and globally. Before joining Kidder Mathews in March 2023, Ken spent eleven years at CBRE. Prior to his tenure at CBRE, he was with Grubb & Ellis (now Newmark), for fourteen years and in the early stages of his career with the firm Sperry Van Ness.
A Southern California native, Ken grew up in the city of Huntington Beach. In his spare time he enjoys, running, hiking, reading for personal improvement, and is an avid golfer. Ken has two children and enjoys coaching their baseball and basketball teams, as well as helping them improve on their golfing skills.
Ken is part of a comprehensive retail team based in Kidder Mathews’ El Segundo office. His retail sales expertise comprises the sale of shopping centers, strip centers, “high street” retail, mixed use, net leased properties, and development sites. He has represented a broad array of institutional and private clients, both nationally and globally. Before joining Kidder Mathews in March 2023, Ken spent eleven years at CBRE. Prior to his tenure at CBRE, he was with Grubb & Ellis (now Newmark), for fourteen years and in the early stages of his career with the firm Sperry Van Ness.
A Southern California native, Ken grew up in the city of Huntington Beach. In his spare time he enjoys, running, hiking, reading for personal improvement, and is an avid golfer. Ken has two children and enjoys coaching their baseball and basketball teams, as well as helping them improve on their golfing skills.
Alex Vasquez, Vice President
(818) 554-7126
Contact
Alex Vasquez is a vice president at Kidder Mathews. He is based out of the company’s San Fernando Valley office, the newest of Kidder Mathews’ offices in the Los Angeles region. Alex specializes in the disposition and acquisition of investment properties. His primary focus is on retail properties, generally encompassing the Southern California region, though he and his team have transacted in markets outside of Southern California, as well. Alex has also assisted clients with transacting on other product types like multifamily, land, office and industrial, as well as executing leases for his clients.
Prior to joining Kidder Mathews, Alex worked at CBRE’s West Los Angeles office for over seven years. Prior to that, he worked as an agent at Stevenson Real Estate Services in Glendale, CA, as well as Sperry Van Ness in Encino. Alex is part of a comprehensive retail team also based in Kidder Mathews El Segundo office. Additional past work experience includes his roles as salesperson and regional manager for the McGraw-Hill Companies educational publishing sector, and regional manager for the Downtown Newhall Revitalization Project in the city of Santa Clarita.
His team’s multi-faceted marketing system and approach is aimed at procuring multiple offers, which affords a seller to select a buyer with the best opportunity to execute and complete the transaction. With buyers, his team’s tactical approach is aimed to identify those properties that best fit the buyer’s criteria.
Prior to joining Kidder Mathews, Alex worked at CBRE’s West Los Angeles office for over seven years. Prior to that, he worked as an agent at Stevenson Real Estate Services in Glendale, CA, as well as Sperry Van Ness in Encino. Alex is part of a comprehensive retail team also based in Kidder Mathews El Segundo office. Additional past work experience includes his roles as salesperson and regional manager for the McGraw-Hill Companies educational publishing sector, and regional manager for the Downtown Newhall Revitalization Project in the city of Santa Clarita.
His team’s multi-faceted marketing system and approach is aimed at procuring multiple offers, which affords a seller to select a buyer with the best opportunity to execute and complete the transaction. With buyers, his team’s tactical approach is aimed to identify those properties that best fit the buyer’s criteria.
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