5530 La Mirada Avenue,Los Angeles, CA 90038
Los Angeles, CA 90038
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.
Details
| MLS # | ML82053579 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 99 |
| Listing Provided By | KW Silicon City | Tigran Bakchagyan |
Features
| Zoning | LAR3 |
|---|---|
| Acreage | 0.46 |
Exterior
| Lot Features | Level |
|---|
Utilities
| Sewer | Public Sewer |
|---|
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90038 |
| Listing VS Median (in 90038) | |
Price: $5,750,000 low | high Med: $1,975,000 On site: 99 low | high Med: 153 | |
Market Activity 90038
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90038 |
| Listing VS Median (in 90038) | |
Price: $5,750,000 low | high Med: $1,975,000 On site: 99 low | high Med: 153 | |
