5536 La Mirada Ave - Residential LAND FOR SALE


Los Angeles, CA 90038- Hollywood19,824 SF
$6,250,000 USD
408-887-4963
5536 La Mirada Ave, Los Angeles, CA for Sale
$6,250,000 USD
Residential LAND - FOR SALE
1/8
19,824 SF

5536 La Mirada Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Prime Hollywood Urban Infill Development Opportunity
  • LAR3 Zoning | TOC Tier 3 | Qualified Opportunity Zone
  • Approximately $15,000/Month Interim Income
  • Access to Hollywood, Silver Lake, Downtown LA, Metro Transit & US-101
  • Feasibility Studies Show Potential for Approximately 51–63 Residential Units
  • Three Consolidated Parcels Creating an Efficient ±0.45-Acre Development Site

OVERVIEW

Rare Hollywood multifamily development opportunity featuring LAR3 zoning, TOC Tier 3 designation, and Qualified Opportunity Zone status. Property currently generates approximately $15,000/month in interim income. Seller has commissioned architectural feasibility studies illustrating potential development concepts ranging from approximately 51–63 residential units. Property is offered AS-IS. Buyer to independently verify zoning, density, TOC incentives, Opportunity Zone eligibility, development potential, entitlements, permits, and all governmental approvals.

FOR SALE DETAILS

PRICE

$6,250,000 USD

PRICE/ACRE

$13,731,978/AC

PRICE/SF

$315 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY NAME

Hollywood 51–63 Unit Multifamily Development

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Residential

LAND PROPOSED USE

Apartment Units

LAND ACRES

0.46 AC

LAND SF

19,826 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone

ZONING

R3

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Tigran BakchagyanKw Silicon CityMore Info
408-887-4963

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Tigran BakchagyanKw Silicon CityMore Info
408-887-4963

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.