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Listed by Tigran Bakchagyan • KW Silicon City, DRE#02058664
$6,250,000
Est. payment /mo
0.46 Acres Lot
New
5530 La Mirada AVE Los Angeles, CA 90038
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Key Details
Property Type Vacant Land
Sub Type Residential Development Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID ML82053579
Lot Size 0.455 Acres
Property Sub-Type Residential Development Land
Property Description
Keller Williams Silicon City is pleased to exclusively present 5530 La Mirada Avenue, a rare income-producing urban infill development opportunity in the heart of Hollywood. The ±19,600 SF (0.45-acre) site consists of three consolidated parcels zoned LAR3 and benefits from TOC Tier 3 and Qualified Opportunity Zone designations. Currently leased to the contractor for the nearby Echelon Studios Hollywood redevelopment, the property generates approximately $15,000 per month in interim income while investors pursue entitlement, financing, or redevelopment. The Seller has commissioned three architectural feasibility studies illustrating concepts for approximately 51 to 63 residential units, providing valuable planning insight and reducing upfront due diligence. Buyers should independently verify zoning, density, TOC incentives, Opportunity Zone eligibility, and development approvals. Surrounded by significant public and private investment and located minutes from Hollywood Boulevard, Sunset Boulevard, Silver Lake, Los Feliz, Downtown Los Angeles, and major transit, 5530 La Mirada Avenue offers an exceptional covered land investment with current income, redevelopment flexibility, and long-term upside.
Location
State CA
County Los Angeles
Zoning LAR3
Exterior
Fence Fenced
Utilities Available Electricity - Available at Street, Gas - Available at Street, Public Utilities
Present Use Other
Building
Lot Description Grade - Level
Sewer Sewer - Public
Water Public
Others
Tax ID 5536-003-019
Horse Property No
Special Listing Condition Not Applicable
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