Address
5540 Lexington Avenue Los Angeles, CA
Price
$ 2,340,000
Property Attributes
  • MLS#21702616
  • TypeIncome
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHollywood
  • Zip90038
  • Style
  • Price$ 2,340,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage5334
  • Lot Size7,494 SqFt
Listing Provided Courtesy Of:
Bruce Jay with Bruce Jay Associates
Data Source:
Combined LA/Westside MLS (CLAW) - 318 - CA
Property Description

REMARKABLE DEVELOPMENT SITE, WITH INCOME UNTIL YOU BREAK GROUND!! HIGH DEMAND AREA OF HOLLYWOOD!! BUILD WITHOUT PARKING!! AND GREAT INCOME DURING THE CONSTRUCTION PROCESS WITH THE CITY!!! AMAZING DEVELOPER'S DREAM ZONING: R4 T4, NEED WE SAY MORE? New Construction WITHOUR PARKING REQUIRED = More Units to Build! Remarkable 4 Huge Units Investment Opportunity (all Month to Month)! Prime Hollywood Location! HIGH PRIME DEVELOPMENT OR A GREAT 4 UNIT INVESTMENT (Boasting 1,333++ Sq.Ft.Each Unit totaling 5,334 Sq. Ft.! BUY NOW, ENJOY THE INCOME, DEVELOP WHEN YOU ARE READY TO DO SO, BUT PLEASE DO NOT DISTURB THE OCCUPANTS. LAND VALUE ALONE makes this an Amazing Investment Choice! Separately metered for Electric & Gas plus a Huge Parking Court with Garages. Prime Re-Development Area with Construction Planned at neighboring properties! City Reports indicate R4-1VL Zoning TIER 3 on 7.494 Square Feet of Land...Located close to an Eclectic Variety of Dining & Hot Spots, as well as Schools. Bargain Priced to Sell at just a tad over $300 Per Square Foot! Truly a Great Opportunity for a somewhat rare R4 Building Site! Call for details! Thank you!

Price History
3/9/2021 Listed $2,350,000
7/23/2021 1% - $2,340,000

General Features

Listing Agent Bruce Jay - BRE#00559166
Listing Agent State License 00559166
MLS Area C20 - Hollywood
Property Type Residential Income
Senior Community Y/N No
Special Listing Conditions Standard
Status Active
Total Units 4
Zoning LAR4

Exterior Features

Lot Size Acres 0.17
Lot Size Area 7494
Lot Size Square Feet 7494
Lot Size Units Square Feet
Number of Buildings 1
Parking Features One Space
Total Parking 4

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90038

Price
AVG $2.55M
$2.34M
Visits
AVG 41
37
Year Built
AVG 1944
1917
Walkscore
AVG 89
91
Data Provided by Walkscore ® not using MLS data

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