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Miracle Mile Los Angeles Real Estate

Miracle Mile Los Angeles Real Estate

About Miracle Mile Real Estate:

Miracle Mile is a very popular place of living in Los Angeles, with many beautiful homes for sale and sought-after real estate. It is a noteworthy neighborhood nestled by one of Los Angeles’ most dynamic thoroughfares. If you enjoy art and culture while also wanting a neighborhood with a classic aesthetic, you may appreciate the homes for sale in Miracle Mile, Los Angeles. The area used to be a center of activity for the recording industry and achieved recognition as one of the country’s first automobile-friendly shopping districts. Its developer, A.W. Ross, made design choices that have set the Miracle Mile apart and facilitate ease of movement even today. In modern times, the Miracle Mile has transitioned away from purely retail and business concerns, and has become a noteworthy place to live!

Miracle Mile- The Beginnings:

When 1920s real estate visionary and developer AW Ross sought to develop Wilshire Blvd as a commercial district, people thought he was absurd, because it was just a 20 foot- wide dirt road flanked by oil wells, barely fields, cattle ranches and empty land with no transportation lines or even paved roads.

Miracle Mile

Still, he aggressively pursued his dream of a commercial area to rival downtown and LA, and Ross, stubbornly, purchased 18 acres along Wilshire, to implement it. The seeds of “Wilshire Boulevard Center” began to take shape. Between 1920 and 1928 people called this strip of Wilshire, “Ross’s Folly.” So, Ross enlisted the help of department store owners from Downtown Los Angeles and other businessmen to build along Wilshire Boulevard due to their proximity to the wealthy areas of Hancock Park and Beverly Hills. He also made sure that these businesses provided plenty of parking for the new car owners of Los Angeles. This is when his friends realized that Ross’s Folly was REALLY a miracle and they dubbed the area “Miracle Mile.” The name stuck and was perfectly suited for the auto-centric, artistic and consumer-driven community that would come to personify Los Angeles.

Miracle Mile

In the past 85+ years, the Mile has gone through various economic changes. Although, no longer home to many department stores and shopping areas, it offers apartments, office buildings, world-famous museums, and restaurants and is a magnet for the people of Los Angeles and its many visitors. In lieu of the Wilshire Blvd retail strip, “Angelenos” has the most magnificent, magical retail Disneyland on earth AND the heartbeat of Los Angeles, The Grove.

The neighborhood of Beverly Grove

This 575,000 sqft outdoor, mega retail park and public space, replete with the best of retail, restaurants, entertainment and celebrity sightings has dancing fountains, a free historic trolley and a signature landmark, “The Spirit of Los Angeles”, an 18 ft statue of two angels as its’ centerpiece.  This fantastic statue encapsulates the spirit of this one of kind city within the city.

Miracle Mile

While a portion of the Miracle Mile Neighborhood is designated as a HPOZ, (Historic Preservation Overlay Zones), which creates problems when wanting to tear down or renovate a home, it creates a historical and characteristic feel of the neighborhood This area is also close to excellent schools, such as Laurel Elementary, John Burroughs Middle and Fairfax Senior High.

To see Homes for sale in Miracle Mile, Los Angeles, click here

To search for listings for sale in Los Angeles, click here!

About Sheri Bienstock and The Bienstock Group:

Deep roots in LA are the foundation of The Bienstock Group’s local expertise, and Sheri Bienstock’s “people passion” is the foundation for how it runs. Born and raised in Hancock Park, Sheri was ranked #3 of Keller Williams Realty’s 133,000 agents before starting The Bienstock Group. Sheri has been ranked #1 Listing Agent in 90036 and Hancock Park! Read More about Sheri here!

To learn more about the Los Angeles Real Estate Market, contact the Bienstock Group today!

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