$6,000,000

5301 Sierra Vista, Los Angeles, CA 90029

Land
Built in ——
0.44acre lot
—— car garage
$——/sqft
Listed 20 days ago

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 â€“ 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!

Listing Status:: Active
Date Added:: January 19, 2026
Data Last Updated:: February 8, 2026 at 7:06AM
Listing Office:: Ed Koenig IRE : 818-755-8088
Listing Agent:: Edgar Koenig : 818-903-8088
MLS ID:: CRSR26013068

HOA Amenities: 0.0
Originating MLS: CRMLS
County: Los Angeles

Zoning: C2 â5536024008
View: None

Source: CRMLS

Presented by Veterans United Realty

This listing courtesy of Edgar Koenig , Ed Koenig IRE

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$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Kingsley Elementary School

5200 Virginia Ave, Los Angeles, CA, 90029

Grades KG-5

0.25 miles away

Richard A. Alonzo Community Day

5755 Fountain Ave, Los Angeles, CA, 90028

Grades 7-12

0.60 miles away

Helen Bernstein High School

1309 N Wilton Pl, Los Angeles, CA, 90028

Grades 9-12

0.58 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.