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… Read More 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. Read Less
Courtesy of KW Silicon City, Tigran Bakchagyan 408-887-4963
Listing Snapshot
Days Online
1
Last Updated
Property Type
Residential Development Land
Lot Size
0.46 Acres
MLS Number
ML82053579
Additional Details
Lot
Max Area: 19836.00, Max Area Units: Square Feet, 0.45537190082645 lot acres, Grade - Level
Property Access
City Street, Paved Road
Property
Zoning: LAR3, Present use: Other
Fence
Fenced
Water Features
Public
Utilities
Electricity - Available at Street, Gas - Available at Street, Public Utilities
Sewer
Sewer - Public
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