5642 La Mirada Avenue 1, Los Angeles, CA 90038

Hollywood Development Opportunity with Plans for 49 Units Located in the heart of Hollywood, this R3-1 zoned property within an Opportunity Zone offers a premier investment and development opportunity. Current plans envision a five-story building with 49 one-bedroom affordable housing units. Charming Hollywood Craftsman Home with Endless Potential Step inside this rare two-story Craftsman home featuring a classic front porch, cozy fireplace, and abundant natural light. Full of character and timeless appeal, this home offers both comfort today and potential tomorrow. The R3-1 zoned lot provides room to grow in one of LA’s most vibrant neighborhoods just minutes from world-famous studios, trendy restaurants, entertainment, and convenient transit options. Nearby Hollywood Development Just a minute’s drive from the property, Echelon Studios Hollywood is a modern 600,000sq.ft. studio campus with soundstages, offices, and creative spaces, designed to support content creation and collaboration. The project is expected to be completed in mid-2026, further enhancing the neighborhood’s growth and investment potential. Don’t miss this chance to own a piece of Hollywood charm with development possibilities!