Property Details
About this Property
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!
MLS Listing Information
MLS #
CRSR26013068
MLS Source
California Regional MLS
Days on Site
22
Parking, School, and Other Information
HOA Fee
$0
Zoning
D0
Contact Information
Listing Agent
Edgar Koenig
Ed Koenig IRE
License #: 00831815
Phone: –
Co-Listing Agent
Verzhine Gina Uzunyan
Koenig Properties
License #: 00984953
Phone: –
Neighborhood: Around This Home
Neighborhood: Local Demographics
Nearby Homes for Sale
5301 Sierra Vista is in Los Angeles, CA 90029. This Land is currently priced at $6,000,000. This address can also be written as 5301 Sierra Vista, Los Angeles, CA 90029.
©2026 California Regional MLS. All rights reserved. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information provided is for personal, non-commercial use by the viewer and may not be redistributed without explicit authorization from California Regional MLS.
Presently MLSListings.com displays Active, Contingent, Pending, and Recently Sold listings. Recently Sold listings are properties which were sold within the last three years. After that period listings are no longer displayed in MLSListings.com. Pending listings are properties under contract and no longer available for sale. Contingent listings are properties where there is an accepted offer, and seller may be seeking back-up offers. Active listings are available for sale.
This listing information is up-to-date as of January 19, 2026. For the most current information, please contact Edgar Koenig
