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5542 La Mirada Ave, Los Angeles (City)
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.
- MLS® #18397960
- Full Baths1
- Square Footage1,204
- Year Built1920
- Sub-TypeSingle Family
- Parking Spaces1
- ViewOther View
- PoolNo Pool
- ElementaryCITIZENS OF THE WORLD
- MiddleJOSEPH LE CONTE
- HighBERNSTEIN HIGH SCHOOL
- Listing AgentHakop Taglyan(01525787)
- Listing OfficeButlered Real Estate Brokerage
- Address5542 La Mirada Ave
- AreaHollywood (C20)
- CityLos Angeles (City)
- CountyLos Angeles
- Zip Code90038
- Interior FeaturesOther
- # of Stories1
- Date ListedOctober 17th, 2018
- Days on Market90
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Last updated on January 15th, 2019 at 8:30pm PST