Urban Infill Development
For Sale
$6,250,000
5530 La Mirada Avenue, Los Angeles, CA 90038
Three consolidated parcels zoned LAR3 with TOC Tier 3 and Qualified Opportunity Zone status, currently leased for interim income.
Property Size19,600 SF
Lot Size0.45 Acres
Price / SF$318.88
Days on Market31
Property Features for 5530 La Mirada Avenue
General Information
Standard status
Active
Size
19,600 SF
Lot size
0.45 Acres
Property subtype
Lots/Land
Zoning
LAR3
Occupancy
100%
Financials
Business Included
Yes
Opportunity Zone
Yes
Additional Details
Multifamily Units
63
Building Details
Tenancy
Single
Listing Agency:
KW Silicon City
(408) 887-4963
Listed By:
Tigran Bakchagyan · License #02058664
(408) 887-4963
Source:
Exitrealty
Added: Jul 9
Changed: Aug 8
Last Checked: Jul 12 at 2:20AM
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 KW Silicon City
Investment Insights
Based on property information with market context.
This urban infill development site totals approximately 0.45 acres (19,600 SF) and comprises three consolidated parcels. The property is zoned LAR3 and includes TOC Tier 3 and Qualified Opportunity Zone designations. It is currently leased to a contractor associated with the nearby Echelon Studios Hollywood redevelopment, generating approximately $15,000 per month in interim income while investors pursue entitlement, financing, or redevelopment.
The Seller has commissioned three architectural feasibility studies outlining development concepts for approximately 51 to 63 residential units, intended to provide planning insight and reduce upfront due diligence. Prospective buyers should independently verify zoning, density, TOC incentives, Opportunity Zone eligibility, and development approvals.
Designed as a covered land investment, the site offers a combination of current interim income and redevelopment flexibility based on the feasibility work already prepared for review.
The Seller has commissioned three architectural feasibility studies outlining development concepts for approximately 51 to 63 residential units, intended to provide planning insight and reduce upfront due diligence. Prospective buyers should independently verify zoning, density, TOC incentives, Opportunity Zone eligibility, and development approvals.
Designed as a covered land investment, the site offers a combination of current interim income and redevelopment flexibility based on the feasibility work already prepared for review.
Key Highlights
- 19,600 SF (0.45‑acre) urban infill site made up of three consolidated parcels
- Zoned LAR3 with TOC Tier 3 and Qualified Opportunity Zone designations
- Currently leased to the contractor for interim income during the nearby Echelon Studios Hollywood redevelopment
Property Analytics
Current Use
Lease Details
63
Residential units
100%
Occupancy
Single-tenant
Tenancy
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
6,928
Businesses Nearby
Explore this area
Business Placement
Demographics for 90038, CA
27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Residential land & home lot - Three consolidated parcels zoned LAR3 with TOC Tier 3 and Qualified Opportunity Zone status, currently leased for interim income.
Where is this residential land & home lot located?
The property is located at 5530 La Mirada Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $6,250,000.
What are key features of this property?
This property features: 19,600 SF (0.45‑acre) urban infill site made up of three consolidated parcels; Zoned LAR3 with TOC Tier 3 and Qualified Opportunity Zone designations; Currently leased to the contractor for interim income during the nearby Echelon Studios Hollywood redevelopment
