5301 Sierra Vista Ave Los Angeles, CA 90029
Land for sale with short-term lease in place.
Type:Land, Special Purpose
Property size:
19,110 SFLot size:
0.44 Acres- Added:
- Jan 27, 2026
- Days on Market:
- 64
- Last Refresh:
- Mar 17 at 1:13 pm
Property Features for 5301 Sierra Vista Ave
General Information
- Standard status
- Active
- Size
- 19,110 SF
- Lot size
- 0.44 Acres
- Property subtype
- Land, Special Purpose
Listing agent Ed Koenig License #CA 00831815
Listing office Ed Koenig IRE
Listing date Jan 27, 2026
Source Crexi
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Ed Koenig IRE
Overview
Land with City of Los Angeles Lease
This property is a land parcel available for sale, currently under a 5-year lease with the City of Los Angeles, California. This arrangement offers a developers’ opportunity to generate income during the pre-construction, design, and development phases. The property combines near-term cash flow with long-term upside, providing both financial stability and future growth potential. The income is scheduled to increase to $414,060 in January 2027. Projected annual income and cap rates are as follows: $202,900 at a 3.38% CAP Rate in 2026, $414,060 at a 5.76% CAP Rate in 2027, $419,807 at a 5.86% CAP Rate in 2028, $431,474 at a 6.10% CAP Rate in 2029, and $437,394 at a 6.15% CAP Rate in 2030. The structured escalation provides predictable cash flow while reducing holding costs during the planning and entitlement phase. This opportunity presents a unique two-phase prospect in East Hollywood: immediate income backed by the City of Los Angeles along with the potential for long-term residential development. The site is situated to provide both community benefits and future growth, coupled with the area's robust amenities, excellent transit access, and vibrant cultural scene. The City of Los Angeles plans to develop a Tiny Home Village to provide temporary housing for those experiencing homelessness. The property has a size of 19110 square feet.
Location Intelligence
Current Use by Public Records
Commercial land
Location Insight
- Map
- Local Demand
- City
- Los Angeles
- County
- Los Angeles
- State
- California
- Longitude
- -118.30673
- Latitude
- 34.09003
Nearby Similar for Sale
FAQs
What type of property is this?
Commercial land - Land for sale with short-term lease in place.
Where is this commercial land located?
The property is located at 5301 Sierra Vista Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $6,000,000.
What are key features of this property?
This property features: Short‑term, 5‑year lease in place with the City of Los Angeles, providing immediate income.; Income increases to $414,060 in January 2027.; Potential for long‑term residential development in East Hollywood.
