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5542 La Mirada Avenue, Hollywood, CA 90038

2 Bed, 1 Bath Single Family Home For Sale

5542 La Mirada Avenue, Hollywood, CA 90038 Home For Sale - MLS #18397960
$6,375,000
2
1
Single Family
This listing is courtesy of Hakop Taglyan from Butlered Real Estate Brokerage.

Property Description for 5542 La Mirada Avenue, Hollywood, CA 90038

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.

Interior Details

1,204 sq. ft.
$5,294.85/sq. ft.
Other

Exterior Details

0.11 acres
4,829 sq. ft.
1

Other Details

18397960
1920
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Monthly Mortgage Payments

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Town Description

Hollywood is a neighborhood in Los Angeles, California - situated west-northwest of Downtown Los Angeles. Due to its fame and cultural identity as the historical center of movie studios and movie...

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