5530 La Mirada AVE, Los Angeles, CA 90038
5530 La Mirada AVE, Los Angeles, CA 90038
5530 La Mirada AVE, Los Angeles, CA 90038
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Kamala Venkatesan

Kamala Venkatesan

+1(408) 807-3483
Listed by Tigran Bakchagyan • KW Silicon City, DRE#02058664
$6,250,000
Est. payment /mo
0.46 Acres Lot
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UPDATED:

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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Kamala Venkatesan

Kamala Venkatesan

+1(408) 807-3483

Agent | License ID: DRE# 01387418

Agent License ID: DRE# 01387418

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