Los Angeles, CA 90029,5301 Sierra VIS
Los Angeles, CA 90029,5301 Sierra VIS
Los Angeles, CA 90029,5301 Sierra VIS
Los Angeles, CA 90029,5301 Sierra VIS
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Eric Boyenga

Eric Boyenga

+1(408) 506-3942
Listed by Edgar Koenig • Ed Koenig IRE
$ 6,000,000
Est. payment | /mo

0.44 Acres Lot

Save
$ 6,000,000
Est. payment | /mo
Save

0.44 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Other Residential Land

Listing Status Active

Purchase Type For Sale

MLS Listing ID CRSR26013068

Lot Size 0.439 Acres

Property Sub-Type Other Residential Land

Source California Regional MLS

Property Description

Property Highlights Include: TWO-PHASE OPPORTUNITY: Phase One: Secure, City-backed land lease & good rental income and Phase Two: Potential Multi-Residential development for sough after long-term housing. Great East Hollywood location, in vibrant and up and coming neighborhood. Property Overview: Lot Size: Approximately 19,110 square feet, Zoning: C2 - RD1.5, Transit Oriented Communities (TOC): Tier 3 CURRENT USE: The site is presently leased to the City of Los Angeles as a future temporary housing facility, generating structured and escalating income while supporting critical community needs. Following the lease term, the property offers significant potential for residential development in a supply-constrained and transit-oriented submarket of Los Angeles. Projected Annual Income & Cap Rates and OM information available upon request. FUTURE USE: Potential multi-residential development responding to long-term housing demand. This property combines near-term cash flow with long-term upside, offering both financial stability and future growth potential. MOTIVATED SELLERS!

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning D0

Exterior

View None

Building

Water District - Public

Others

Tax ID 5536024008

Special Listing Condition Not Applicable

MLS Listing IDX PLUS
Copyright 2026 MLSListings Inc All rights reserved.
Eric Boyenga

+1(408) 506-3942

e@boyenga.com

167 S. San Antonio Road, Altos, CA

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