5301 Sierra Vista, Los Angeles, CA 90029
5301 Sierra Vista, Los Angeles, CA 90029
5301 Sierra Vista, Los Angeles, CA 90029
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$6,000,000
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0.44 Acres Lot
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5301 Sierra Vista Los Angeles, CA 90029

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Key Details

Property Type Vacant Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID SR26013068

HOA Y/N No

Lot Size 0.439 Acres

Property Description

Property Highlights Include: TWO-PHASE OPPORTUNITY: Phase One: Secure, City-backed land lease & good rental income and Phase Two: Potential Multi-Residential development for sough after long-term housing. Great East Hollywood location, in vibrant and up and coming neighborhood.
Property Overview: Lot Size: Approximately 19,110 square feet, Zoning: C2 – RD1.5, Transit Oriented Communities (TOC): Tier 3

CURRENT USE: The site is presently leased to the City of Los Angeles as a future temporary housing facility, generating structured and escalating income while supporting critical community needs. Following the lease term, the property offers significant potential for residential development in a supply-constrained and transit-oriented submarket of Los Angeles. Projected Annual Income & Cap Rates and OM information available upon request.

FUTURE USE: Potential multi-residential development responding to long-term housing demand. This property combines near-term cash flow with long-term upside, offering both financial stability and future growth potential.

MOTIVATED SELLERS!

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning C2 – RD1.5

Interior

Fireplace No

Exterior

Community Features Urban

View Y/N No

View None

Present Use See Remarks,Unimproved

Building

Lot Description 0-1 Unit/Acre

Water Public

New Construction No

Others

Senior Community No

Tax ID 5536024008

Acceptable Financing Cash, Cash to New Loan, Submit

Listing Terms Cash, Cash to New Loan, Submit

Special Listing Condition Standard


CRMLS Full IDX Feed (MAIN Website Search)
Listed by Edgar Koenig Ed Koenig IRE 818-903-8088, DRE #00831815

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5301 Sierra Vista

NEARBY SCHOOL & BUSINESS

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Herb Rim

Herb Rim

Realtor | License ID: 01870707

+1(818) 699-9179

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