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 A±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.
Lot/land
Price cut: $500K (8/10)
$5,750,000
5530 La Mirada Ave, Los Angeles, CA 90038
--beds
--baths
0.46Acres
Residential Development Land, Unimproved Land
Built in ----
0.46 Acres Lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Three consolidated parcels
- 63 days
- 34
- 1
Zillow last checked:
Listing updated:
Listed by:
Tigran Bakchagyan 02058664 408-887-4963,
KW Silicon City 408-755-5972,
Ashkon Jadali 01940242 408-455-3387,
KW Silicon City
Source: MLSListings Inc,MLS#: ML82053579
Facts & features
Property
Lot
- Size: 0.46 Acres
- Features: Level
Details
- Additional structures: None
- Parcel number: 5536003019
- Zoning: LAR3
- Special conditions: Standard
Utilities & green energy
- Gas: GasAvailableatStreet, PublicUtilities
- Sewer: Public Sewer
- Water: Public
- Utilities for property: Public Utilities, Water Public
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Tax assessed value: $1,264,800
- Date on market: 7/8/2026
- Listing agreement: ExclusiveAgency
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 8/10/2026 | Price change | $5,750,000-8% |
Source: | ||
| 7/9/2026 | Listed for sale | $6,250,000+13.6% |
Source: | ||
| 3/10/2020 | Listing removed | $5,500,000 |
Source: Butlered Real Estate Brokerage #18397956 Report a problem | ||
| 10/15/2019 | Price change | $5,500,000-13.7% |
Source: Butlered Real Estate Brokerage #18397956 Report a problem | ||
| 10/17/2018 | Listed for sale | $6,375,000 |
Source: Butlered Real Estate Brokerage #18397956 Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2019 | -- | $1,264,800 +519.2% |
| 2018 | $2,708 | $204,270 +2% |
| 2017 | $2,708 +2% | $200,265 +2% |
| 2016 | $2,655 +3% | $196,339 +1.5% |
| 2015 | $2,577 +0.4% | $193,391 +2% |
| 2014 | $2,567 | $189,604 +2.5% |
| 2012 | -- | $185,048 +2% |
| 2011 | -- | $181,421 +2.5% |
| 2008 | -- | $176,956 +2% |
| 2007 | -- | $173,487 +2% |
| 2006 | -- | $170,086 +4% |
| 2004 | -- | $163,484 +1.9% |
| 2003 | -- | $160,488 +2% |
| 2002 | -- | $157,342 +4% |
| 2000 | -- | $151,235 |
Find assessor info on the county website
Monthly payment
Climate risks
Neighborhood: Hollywood
Nearby schools
Schools provided by the listing agent
- District: LosAngelesUnified
Source: MLSListings Inc. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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