Miracle Mile, CA Real Estate

View current listings for real estate in Miracle Mile, or read more about the city.


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Miracle Mile Homes for Sale

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1074 S Cloverdale Avenue, Los Angeles

$2,495,000

1074 S Cloverdale Avenue, Los Angeles

0 Beds 0 Baths 5,746 SqFt Residential Income MLS® # 23252921

Linda Light Coldwell Banker Residential Brokerage

New
5670 W Olympic Boulevard # A06, Los Angeles

$729,000

5670 W Olympic Boulevard # A06, Los Angeles

2 Beds 2 Baths 1,169 SqFt Residential MLS® # 23252265

Jennifer L TruLine Realty

5504 W Olympic Boulevard, Los Angeles

$1,184,625

5504 W Olympic Boulevard, Los Angeles

3 Beds 3 Baths 1,755 SqFt Residential MLS® # 23249419

Stephany Chen Compass

1119 S Orange Drive, Los Angeles

$1,350,000

1119 S Orange Drive, Los Angeles

0 Beds 0 Baths 3,734 SqFt Residential Income MLS® # 23247235

Roderick 'rick' Raymundo Marcus & Millichap

749 S Cloverdale Avenue # 103, Los Angeles

$1,048,000

749 S Cloverdale Avenue # 103, Los Angeles

2 Beds 3 Baths 1,645 SqFt Residential MLS® # 23244495

Lawrence Rubin Verdant Properties

712 S Stanley Avenue, Los Angeles

$2,999,999

↓ $125,001

712 S Stanley Avenue, Los Angeles

0 Beds 0 Baths 6,950 SqFt Residential Income MLS® # 23243017

Jeffrey Kendrick Keller Williams Beverly Hills

1123 S Citrus Avenue, Los Angeles

$1,849,000

↓ $50,000

1123 S Citrus Avenue, Los Angeles

0 Beds 0 Baths 4,964 SqFt Residential Income MLS® # 23241517

Mina Azami Keller Williams Realty

636 S Cochran Avenue, Los Angeles

$7,500,000

636 S Cochran Avenue, Los Angeles

0 Beds 0 Baths 21,320 SqFt Residential Income MLS® # 23235491

Jeffrey Louks Marcus & Millichap

932 S Cloverdale Avenue, Los Angeles

$2,390,000

↓ $90,000

932 S Cloverdale Avenue, Los Angeles

3 Beds 3 Baths 2,565 SqFt Residential MLS® # IV23012825

Jie Cheng EXP REALTY OF CALIFORNIA INC chzoya.cb@gmail.com

5112 Edgewood Place, Los Angeles

$2,450,000

↓ $18,100

5112 Edgewood Place, Los Angeles

0 Beds 0 Baths 3,470 SqFt Residential Income MLS® # 22221333

Tracy Clark Landrus S. Clark

5112 Edgewood Place, Los Angeles

$2,598,000

5112 Edgewood Place, Los Angeles

5 Beds 4 Baths 3,470 SqFt Residential MLS® # 22220847

Tracy Clark Landrus S. Clark

1089 S Orange Drive, Los Angeles

$1,850,000

1089 S Orange Drive, Los Angeles

0 Beds 0 Baths 3,696 SqFt Residential Income MLS® # 22210127

Yair Haimoff Spectrum Commercial Real Estate, Inc.

Real Estate Statistics

Average Price $2.4M
Lowest Price $729K
Highest Price $7.5M
Total Listings 12
Avg. Days On Market 56
Avg. Price/SQFT $565

Property Types (active listings)

The Miracle Mile, part of Mid-Wilshire in central Los Angeles, was one of the first purpose-built automobile-centered shopping districts in the United States. Developed in the 1920s, when cars were just beginning to become popular and widespread, developer A.W. Ross envisioned a linear shopping district that revolved around ample parking, large thoroughfares, and shops that had wide storefronts and large signs that could easily be seen by drivers traveling at 30 mph or slower. Emphasizing the new architectural trends of Art Deco and Streamline Moderne in the construction of the many shops and businesses, the Miracle Mile proved to be an overwhelming success, as indicated by its name. It continues to be an almost exclusively commercial neighborhood with an emphasis on large shops with enormous storefront display windows. There are also a number of commercial high rises in the area, which are home to a large number of local offices for local and international corporations.

The central location and massive shops have contributed to the area becoming one of the most in-demand places to live in the United States. As such, it has become the most congested affluent district in Los Angeles, with large storefronts serving as the ground floor to large condominium developments. Most residential structures are multi-family dwellings and all are upscale, serving as home to much of Los Angeles's working elite. There are a few single-family homes in the area, and while luxurious, they are notably smaller than those located further out of central Los Angeles. Their location, excellent construction, and upscale amenities make them exceedingly in demand, and Miracle Mile real estate agents have no trouble selling them.

Transportation is almost exclusively by car. Though the parking and thoroughfares were more than ample when initially constructed, the region has since become highly congested, with parking becoming difficult and traffic becoming slow. As such, there are plans to extend the subway into the area, although this is expected to take many years and has been hampered by subterranean methane deposits. There are currently no plans to expand sidewalks or bus services in the area, as this would hinder the already cramped traffic situation.

The Miracle Mile is served by the Los Angeles unified school district. The affluence of the neighborhood has led to an emphasis on education and the arts, and most notably museums. The neighborhood's "Museum Row" is home to the L.A. County Museum of Art, the Petersen Automotive Museum, the A+D Museum: Los Angeles, and the museum for the nearby La Brea Tar Pits, among others. The region is also home to the city's largest collection of art deco buildings, produced early in the neighborhood's history, and the city register of historical places has worked to preserve such buildings.

For more information about Miracle Mile Real Estate, please contact our office at 323 412-9060.

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