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5301 Sierra Vista Ave Los Angeles, CA 90029

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For Sale
$6,000,000

Land for sale with short-term lease in place.

Type:Land, Special Purpose
Property size:
19,110 SF
Lot 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

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Listing Contact
Ed Koenig
Ed Koenig

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

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Grocery & Convenience Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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  • Local Demand
City
Los Angeles
County
Los Angeles
State
California
Longitude
-118.30673
Latitude
34.09003

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.
More about this property
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