- $6M Price
- .44 Acres
- 54 DOM
5301 Sierra Vista
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!
Essential Information
- MLS® #SR26013068
- Price$6,000,000
- Bathrooms0.00
- Acres0.44
- TypeLand
- StatusActive
Community Information
- Address5301 Sierra Vista
- AreaC20 - Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90029
Amenities
- ViewNone
Exterior
- Lot DescriptionZeroToOneUnitAcre
Additional Information
- Date ListedJanuary 19th, 2026
- Days on Market54
- ZoningC2 – RD1.5
Listing Details
- AgentEdgar Koenig
- OfficeEd Koenig IRE
Edgar Koenig, Ed Koenig IRE.
Based on information from California Regional Multiple Listing Service, Inc. as of March 14th, 2026 at 4:56pm PDT. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.