| CREOP

America Partner of Keller Williams Beverly Hills is pleased to present the sale or lease of 4950 Wilshire Blvd a 7,861 square foot office building situated on a on a 25,578 square foot lot located in Prime Miracle Mile, zoned CR(PKM)-1 Tier 3 TOC. The general plan land use allows for 63 units by right or 96 units statewide density bonus.

The property is zoned General Commercial in the General Plan Land Use allowing for R4/C2 density within the setbacks, height limit, and FAR constraints of the specific plan. Potential options may include renovating the existing structure or exploring alternative uses such as mixed-use developments, residential units, or commercial complexes.

The existing office use of 4950 Wilshire Blvd presents significant tenant potential for businesses looking to establish or expand their presence in the Miracle Mile district. The property appeals to a single tenant user with a wide range of different office uses.

Contemporary Ranch home in the Wilshire area, designed by notable local architects Wurdeman and Becket. The architects were commissioned by developer Fritz B. Burns to design this highly publicized model home as a prototype of modern suburban living. Due to alterations including window and door replacements, the property does not retain sufficient integrity for listing in the National Register

Nestled in the heart of Los Angeles, Miracle Mile is surrounded by a vibrant tapestry of neighborhoods. To the west lies the Fairfax District, renowned for its gourmet food markets and trendy eateries. To the east, the prestigious Museum Row beckons with world-class art institutions, while the bustling Mid-Wilshire area to the south offers an exciting mix of entertainment and cultural experiences. With its central location and diverse surroundings, Miracle Mile is an ideal destination for those seeking a dynamic urban lifestyle in one of LA's most coveted areas.

Miracle Mile enjoys excellent public transportation options, with bus lines along Wilshire Boulevard and the Wilshire/La Brea Metro station nearby. These convenient connections provide residents and visitors with easy access to various destinations within Los Angeles, promoting sustainable and hassle-free commuting.

Miracle Mile boasts several parks and recreational sites that provide opportunities for relaxation and outdoor activities. Pan Pacific Park, located within the district, offers serene green spaces, sports fields, and picnic areas. Additionally, the neighboring Hancock Park provides peaceful walking paths and the intriguing La Brea Tar Pits

Wilshire Boulevard, the district's main thoroughfare, is lined with a mix of high-end boutiques, trendy shops, and popular brand stores, making it a shopper's paradise. Additionally, the area is home to The Grove, an upscale outdoor shopping center with a wide selection of fashion, dining, and entertainment choices, providing a vibrant retail experience in the heart of Miracle Mile.