5530 La Mirada Avenue, Los Angeles, CA 90038
5530 La Mirada Avenue, Los Angeles, CA 90038
5530 La Mirada Avenue, Los Angeles, CA 90038
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$6,250,000
Est. payment /mo
0.46 Acres Lot
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Key Details

Property Type Vacant Land

Sub Type Unimproved Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID ML82053579

HOA Y/N No

Lot Size 0.455 Acres

Property Sub-Type Unimproved 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

Interior

Fireplace No

Building

Lot Description Level

Sewer Public Sewer

Water Public

New Construction No

Schools

School District Los Angeles Unified

Others

Tax ID 5536003019


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Listed by Tigran Bakchagyan • KW Silicon City

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5530 La Mirada Avenue