5836 La Mirada Ave, Los Angeles, CA 90038

Description

Rare opportunity to acquire one of the last remaining character homes on the block. This well maintained 1920s residence blends original charm, immediate livability, and future potential on an R3 zoned lot in the heart of Hollywood. Situated on a sizable parcel in a highly desirable location near major transit corridors, employment centers, dining, entertainment, and neighborhood amenities, the property offers opportunities for owner users, investors, and developers alike. Original details, vintage character, and a flexible floor plan create a unique residential offering, while the zoning may provide future opportunities for expansion, additional units, redevelopment, or other uses, subject to buyer investigation and governmental approvals. Surrounded by significant redevelopment activity, the property may offer future development potential. Buyers may wish to investigate potential development opportunities, including possible applicability of California SB79 and other state or local housing incentives. Buyer shall independently verify all zoning, land use regulations, development standards, density allowances, incentives, governmental requirements, and suitability for their intended use. The existing residence has been owner occupied for more than 20 years and may offer continued residential or rental use. Alternatively, buyers may explore redevelopment, expansion, ADU potential, or other investment opportunities, subject to their own investigation and approvals. Seller is willing to cooperate, subject to mutual agreement, successful close of escrow, full funding of the purchase price, removal of contingencies, and any required approvals, regarding either * Execution of demolition related documentation. * Relocation of the existing structure for reuse or donation purposes, including potential relocation to a community impacted by wildfire recovery efforts. A rare opportunity to acquire a character filled Hollywood property offering both immediate enjoyment and future possibilities. Buyer shall independently verify all information and suitability for their intended​​‌​​​​‌​​‌‌​​​‌​‌​​​‌‌​​​‌‌​​​​​​‌‌‌​​​ use.