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5301 Sierra Vista Ave - Land Lease w/ Future Development, E Hollywood 0.44 Acres of Commercial Land Offered at $6,000,000 in Los Angeles, CA 90029
Investment Highlights
- New Land Lease in Place w/ LA City
- CAP Rate, Year 1 - 3.88 / Year 2 - 5.76 / Year 3 - 5.86 / Year 4 - 6.1 / Year 5 - 6.15
- Build up to 46 units by right or Unlimited units with 100% affordable housing units (per AB1763 /2345)
- Minimum Landlord Responsibilities (Property Tax and Insurance)
- Generate Income immediately while preparing for future construction.
- Vacant lot over 20 years, SB8 Exempt, No RSO, TOC Tier 3, Enterprise Zone
Executive Summary
Land for Sale with Short Term, 5-Year Lease in place with the City of Los Angeles CA.
Rare developers’ opportunity to generate income during the Pre-Construction, Design and Development process of construction.
This property combines near-term cash flow with long-term upside, offering both financial stability and future growth potential. Income Increases to $414,060 in January of 2027.
Projected Annual Income & Cap Rates
• 2026: $270,900 – 3.38% CAP Rate
• 2027: $414,060 – 5.76% CAP Rate
• 2028: $419,807 – 5.86% CAP Rate
• 2029: $431,474 – 6.10% CAP Rate
• 2030: $437,394 – 6.15% CAP Rate
The structured escalation provides predictable cash flow while reducing holding costs during the planning and entitlement phase.
This opportunity presents a unique Two-Phase prospect in East Hollywood: immediate income backed by the City of Los Angeles along with the potential for long-term residential development. Coupled with the area's robust amenities, excellent transit access, and vibrant cultural scene, the site is ideally situated to provide both community benefits and future growth.
PROJECTED USE: The City of Los Angeles plans to develop a Tiny Home Village to provide temporary housing for those experiencing homelessness. (subject to change at Lessee’ discretion)
Financial Summary (Pro Forma - 2026) |
Annual | Annual Per AC |
|---|---|---|
| Gross Rental Income |
$210,000
|
$478,359.91
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$210,000
|
$478,359.91
|
| Taxes |
$66,000
|
$150,341.69
|
| Operating Expenses |
$2,000
|
$4,555.81
|
| Total Expenses |
$68,000
|
$154,897.49
|
| Net Operating Income |
$142,000
|
$323,462.41
|
Financial Summary (Pro Forma - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $210,000 |
| Annual Per AC | $478,359.91 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per AC | - |
| Effective Gross Income | |
|---|---|
| Annual | $210,000 |
| Annual Per AC | $478,359.91 |
| Taxes | |
|---|---|
| Annual | $66,000 |
| Annual Per AC | $150,341.69 |
| Operating Expenses | |
|---|---|
| Annual | $2,000 |
| Annual Per AC | $4,555.81 |
| Total Expenses | |
|---|---|
| Annual | $68,000 |
| Annual Per AC | $154,897.49 |
| Net Operating Income | |
|---|---|
| Annual | $142,000 |
| Annual Per AC | $323,462.41 |
Property Facts
1 Lot Available
Lot
| Price | $6,000,000 | Lot Size | 0.44 AC |
| Price Per AC | $13,667,332.57 |
| Price | $6,000,000 |
| Price Per AC | $13,667,332.57 |
| Lot Size | 0.44 AC |
Current Use: LA City recently leased land for a temporary housing facility. The property is uniquely positioned as income-generating land with future residential development potential, offering both immediate stability and long-term upside.
Description
5301 Sierra Vista Avenue has great future development potential. It provides near-term community benefit and long-term urban development opportunity. CURRENT USE: The site is vacant and 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. TWO-PHASE OPPORTUNITY: Phase One: Secure, City-backed lease income Phase Two: Potential 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. Projected Annual Income & Cap Rates • 2026: $210,900 – 3.88% CAP Rate • 2027: $414,060 – 5.76% CAP Rate • 2028: $419,807 – 5.86% CAP Rate • 2029: $431,474 – 6.10% CAP Rate • 2030: $437,394 – 6.15% CAP Rate This structured escalation provides predictable cash flow while reducing holding costs during the planning and entitlement phase.
Property Taxes
| Parcel Number | 5536-024-008 | Total Assessment | $3,205,719 (2025) |
| Land Assessment | $3,205,719 (2025) | Annual Taxes | $66,000 |
| Improvements Assessment | $0 (2025) | Tax Year | 2026 |
Property Taxes
Presented by
5301 Sierra Vista Ave - Land Lease w/ Future Development, E Hollywood
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