5301 Sierra Vista, Los Angeles, CA 90029

$6,000,000 Approx. USD 0 beds, 0 baths

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Brochure

Photo of Julia Shannon

Marketed By Julia Shannon REALTOR® - Sales Associate 714-376-6768 m
949-565-8862 f
Lic#: 02030794
NRDS ID: 205566727
JuliaShannon@bhhscal.com Tustin Office
18302 Irvine Blvd, Suite 240
Tustin, CA 92780
Phone: 714-832-8800
Fax: 949-565-7700

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Agent Remarks

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!

Listing Details

Property type: (Lots/Land)

Status: Active

MLS# SR26013068

Price: $6,000,000

HOA Fee is $0.00

Beds: 0

Baths: 0

0.44 acres

Lot size: 0.4388

County: Los Angeles

Zoning: C2 – RD1.5