MLS® ID: 18397960

5542 LA MIRADA Avenue

Los Angeles, California, 90038

$6,375,000 Active
  • 2 Beds
  • 1 Baths
  • 1204 SQFT
Location! Location! Location! This 20,000 sqft Developers dream is walking distance to large multination companies such as; Netflix, Capitol Records, LA Film School, Sunset Bronson Studios, Emerson College and coming soon The Hollywood Central Park. The 3 adjacent lots are within the La Mirada cul de sac, which may become a gateway into The Hollywood Central Park and rezoned to Hotel & other R4 uses (do your own Due Diligence), currently it is zoned R3 with a Ready To Issue Permit for 34 units (majority of planned units are 2+2) with the TOC Tier 3 benefits build upto 50 units, architectural plans available. The apartment rental market has skyrocketed in recent years, currently 2+2 are renting between $4K to $6K yielding great cash flow and high ROI & with LA hosting the 2026 Olympics there is no end in site. This prop is walking distance to LA's best schools, restaurants, entertainment centers & billion dollar projects all around during the revitalization of Hollywood.
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Listing courtesy of Butlered Real Estate Brokerage

Amenities

  • Full baths
    1
  • Half baths
    0
  • Full Baths Range
    1 Bath
  • Total Baths
    1
  • Zip
    90038
  • Office name
    Butlered Real Estate Brokerage
  • SQFT
    1204
  • Bedrooms
    2
  • Property type
    Single Family Residence
  • Zoning type
    LAR3
  • Year built
    1920
  • Lot size
    4829.00
  • Heating
    None
  • Tax year
    0
  • Agent name
    Hakop Taglyan
  • Tax amount
    $ 0.0
  • Purchase Type
    Active
  • Price Range
    $2m+
  • Square Feet Range
    1000-1500 sq ft.
  • Bedrooms Range
    2 Beds
  • Year Built Range
    1989 (and earlier)
  • Office ID
    CLW-X78875
  • Agent ID
    CLW-C103919

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