Skip To Content

5540 Lexington Ave

Los Angeles, CA 90038
  • $2,340,000
  • STATUS: Active
  • ON SITE: 227 Days
  • ID#: 21-702616
UPDATED: 58 min ago
$2,340,000
  • 8
    BEDS
  • N/A
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,334
    SQFT
  • $439
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1917
County:
Area:

School Ratings & Info

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!

Monthly Payment Calculator



Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-22T21:42:40.323. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/114885077
Print Image

5540 Lexington Ave Los Angeles, CA 90038

  • Price: $2,340,000
  • Status: Active
  • Updated: 58 min ago
  • ID#: 21-702616
8
Beds
0
Baths
0
½ Baths
N/A
Acres
5,334
SQFT
$439
$/SQFT
1917
Built
Neighborhood:
Hollywood
County:
Los Angeles
Area:
Hollywood
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!
Exterior Features

Lot Size Area 7494 Other Structures Other Parking Garage Parking Space Total Parking 4

Interior Features

Baths Total 4.00 Cooling Other Equipment Other Heating Other

Property Features

Gross Income 0 Gross Operating Income 0 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Net Operating Income 0.00 Number Of Buildings 1 Number Of Units 4 Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 0 Type Of Units Residential Year Built Source Vendor Enhanced Zoning Lar4

Listing provided courtesy of Bruce Jay DRE#00559166 of Bruce Jay Associates.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-22T21:42:40.323. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
https://bt-photos.global.ssl.fastly.net/carets/orig_boomver_1_21-702616-2.jpg
Logo
TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064