Miracle Mile is a Central Los Angeles neighborhood in the Mid-Wilshire area. It was originally developed as a shopping district, but today it’s a convenient place to live, with access to public transportation, dining and world-class museums. In terms of housing, you’ll find some historic single-family options and a growing selection of multifamily properties.
Depending on where you live in Miracle Mile, you might be within walking distance of Target, Trader Joe’s or The Grove, a luxury mall. At Eighth Street and La Brea Avenue, you’ll find trendy hangouts like Met Her at a Bar, a hot spot for brunch. All Season Brewing Company is also in the area. “It has games and a really great selection of beers on tap,” says Cesar Leyva, a Realtor with Avenue Homes who has lived in LA for about 20 years. “It used to be a Firestone garage, and they left the sign up and kept a lot of its cool character.” Little Ethiopia and Koreatown are nearby as well, adding even more dining options.
Miracle Mile has a variety of home styles, including well-preserved Spanish Colonial Revivals from the early 1900s, midcentury ranch-style houses and an increasing number of multifamily options. “That area has really experienced a lot of growth,” Leyva says. “There are a lot of multifamily projects still in the works. We have a huge push for more housing.” Early 1900s cottages and midcentury ranch-style houses sometimes sell from the mid-$800,000s to around $1.5 million, but the majority of homes range from $1.5 million to $4.5 million. Units in multifamily buildings generally run from the upper $500,000s to just over a million, plus monthly HOA fees of $300 to $700.
Miracle Mile is part of Central LA, but you won’t have as much trouble finding parking here as in Downtown LA or many other central neighborhoods. Private driveways line the wide residential streets, and most condo buildings have underground garages. Leyva says major thoroughfares tend to be more congested. “They have a lot of businesses and multifamily buildings, and some of the properties geared toward more affordable housing have been allowed to waive the parking requirements.”
One of Miracle Mile's biggest attractions is Museum Row, which lines Wilshire Boulevard. Hot spots include:
One of the perks of living in the area is the easy access to public transportation, including several bus lines. With the D Line expansion, subway travel is also becoming more convenient. Miracle Mile’s central location simplifies car commutes as well. “You’re about 20 minutes from everything — downtown, Culver City, Century City and Hollywood,” Leyva says.
Guy Miracle
Sotheby's International Realty
(323) 894-9002
35 Total Sales
1 in Miracle Mile
$2,565,000 Price
Josh Stein-Sapir
Keyes Real Estate
(562) 456-3475
136 Total Sales
2 in Miracle Mile
$2.8M - $2.9M Price Range
Janin Paine
Compass
(424) 567-7575
21 Total Sales
1 in Miracle Mile
$1,250,000 Price
Tracey Becker
Compass
(424) 374-2804
110 Total Sales
1 in Miracle Mile
$735,000 Price
Sierus Erdelyi
TruLine Realty
(424) 374-0268
179 Total Sales
3 in Miracle Mile
$1.1M - $1.8M Price Range
Jeffrey Russell
Russell Realty Group
(626) 604-2792
113 Total Sales
1 in Miracle Mile
$1,720,000 Price
| 1 - Low Crime, 10 - High Crime | Miracle Mile | US |
|---|---|---|
| Homicide | 3 | 4 |
| Sexual Assault | 5 | 4 |
| Assault with Weapon | 4 | 4 |
| Robbery | 4 | 4 |
| Burglary | 5 | 4 |
| Motor Vehicle Theft | 5 | 4 |
| Larceny | 6 | 4 |
| Crime Score | 4 | 4 |
Source: WhatIsMyCrimeRisk.com
On average, homes in Miracle Mile, Los Angeles sell after 37 days on the market compared to the national average of 55 days. The median sale price for homes in Miracle Mile, Los Angeles over the last 12 months is $1,700,000, up 10% from the median home sale price over the previous 12 months.
|
Median List Price
$1,737,500
|
Median Sale Price
$1,700,000
|
|
Median Single Family Sale Price
$1,990,000
|
Median Townhouse Sale Price
$1,550,000
|
|
Median 2 Bedroom Sale Price
$849,999
|
Median Change From 1st List Price
3%
|
|
Last 12 months Home Sales
131
|
Median Home Sale Price YoY Change
10%
|
|
Average Price Per Sq Ft
$709
|
|
|
Number of Homes
4,746
|
Number of Homes for Sale
83
|
|
Median Year Built
1926
|
Months of Supply
7.60
|
|
Average Single Family Home Size Sq Ft
2,297
Above the national average
1,934
|
Average Townhouse Size Sq Ft
3,066
|
|
Average 2 Bedroom Size Sq Ft
1,406
|
Average 1 Bedroom Size Sq Ft
855
|
|
Average Studio Size Sq Ft
598
|
Median Lot Size Sq Ft
6,969
|
$3,370 - $8,420 per month
$3,354 - $8,808 per month
$3,054 - $7,951 per month
$2,350 - $3,500 per month
$3,349 - $7,960 per month
$3,400 - $5,100 per month
|
Number of Homes for Rent
146
|
Median Rent
$3,600
|
|
Median Single Family Home Rent
$3,851
|
Median 4 Bedroom Single Family Home Rent
$8,425
|
|
Median Townhouse Rent
$3,995
|
Median 3 Bedroom Townhouse Rent
$4,700
|
|
Median Condo Rent
$3,195
|
Median 2 Bedroom Condo Rent
$3,750
|
|
Total Population
45,021
|
Median Age
39
|
|
Population Density
26 ppl/acre
|
Population under 18
18.3%
Below the national average
23.8%
|
|
Population over 65
13.7%
Below the national average
19.1%
|
|
|
Median Household Income
$89,207
Above the national average
$79,597
|
Average Household Income
$117,447
|
|
High School Graduates
93.8%
|
College Graduates
62.2%
Significantly above the national average
34.1%
|
|
Advanced Degrees
23.3%
Above the national average
13.3%
|
% Population in Labor Force
72%
|
|
Annual Precipitation
14''
|
Average Winter Low Temperature
48°F
|
|
Average Summer High Temperature
83°F
|
Annual Snowfall
0''
|
Bikeability
Walkability
Transit
Local Logic measures the walkability, access to public transit and bikeability of any address. CAP Index provides objective, accurate, and consistent data to help measure, compare, and mitigate crime risks.
Live close to culture, nightlife and green space in the heart of LA
Historic District with traditional estates and the Wilshire Country Club
Freeway access, plus proximity to Koreatown and DTLA
Historic homes and easy access to Beverly Hills and Museum Row
Central Los Angeles living minutes from Culver City and Beverly Hills
Historic homes, walkability and a Central LA location
