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  • Price$7,350,000

5422 La Mirada Ave, Los Angeles (City)

APNs 5537-005-004, 005, 017. The La Mirada-Lexington Development Site is a three-parcel street-to-street development site in Hollywood. Situated on approximately 26,045 square feet of land zoned R4 with a q condition resulting in a base density of 1 unit per 600 square feet of land, the property, on a by-right density, accommodates approximately 43 units. With city of Los Angeles Transit Oriented Communities Affordable Housing Incentive Guidelines (TOC Guidelines) in a Tier 3 area, the property can accommodate upwards of approximately 75 units. The four existing structures consists of three houses and a 10-unit apartment building. Two of the houses are on one lot which would be considered a duplex so 12 units are currently under rent control. The 10 unit apartment building is fully occupied but the three houses are vacant. Our hypothetical analysis assumes that a developer will entitle the property for approximately 75 units.

Essential Information

  • MLS® #18390066
  • Price$7,350,000
  • Bathrooms0.00
  • Acres0.00
  • TypeLot-Land
  • StatusActive

Amenities

  • ViewNo View

Listing Details

  • Listing AgentBrent Sprenkle(01290116)
  • Listing OfficeBerkadia

Community Information

  • Address5422 La Mirada Ave
  • AreaHollywood (C20)
  • CityLos Angeles (City)
  • CountyLos Angeles
  • StateCA
  • Zip Code90029

Additional Information

  • Date ListedSeptember 24th, 2018
  • Days on Market113
  • ZoningLAR4
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Last updated on January 15th, 2019 at 7:45pm PST