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Millman Team Real Estate

$6,250,000
0.46 Acre Lot

5530 La Mirada Avenue, Los Angeles, California 90038

  • Land Property Type
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.

Basic Details
Land
For Sale
ML82053579
$6,250,000
0.46 Acre
Active
Features
: Public Sewer
$0
Address Map
CA
Los Angeles
Los Angeles
90038
La Mirada
5530
Avenue
W119° 41' 22''
N34° 5' 36.6''
LAR3
Neighborhood
Los Angeles Unified
Additional Information
$0
$0
$0
$0
$0
: Level
2026-07-08
: Public
Broker/Agent Information
KW Silicon City
Tigran Bakchagyan
Listing Information
Ashkon Jadali
ML5063164
ML5009038
KW Silicon City
ML5075752
ML5009038
Active
2026-07-09T07:27:09Z
CRMLS
: Standard
2026-07-08T13:14:55Z
Agent info
Ray Millman
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