Los Angeles, CA 90038 5540 LEXINGTON Avenue

Sold: May 09, 2024
5540 Lexington Avenue Los Angeles, Ca - Image 15540 Lexington Avenue Los Angeles, Ca - Image 25540 Lexington Avenue Los Angeles, Ca - Image 3
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Presented By: Bruce Jay with Bruce Jay Associates;
  • MLS# 21702616
  • 03/08/2021
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  • BedBeds • 8
  • BathBaths • 4
  • FootageSQFT • 5,334
  • GarageGarage • 1

Home Details

PRIME LOCATION! HUGE PRICE REDUCTION! STRAIGHT SALE, NOT SUBJECT TO AN EXCHANGE! 5,334,SQ FT PER ASSESSOR / HUGE BUILDING - CORNER PROPERTY! EACH UNIT INCLUDES THEIR OWN PRIVATE LAUNDRY ROOM WITH SINK, WHICH IS QUITE RARE! TRULY A SUPERIOR INVESTMENT! AND WITH R-4 T-4 ZONING / PERFECT DEVELOPMENT SITE THAT REPORTED DOES NOT REQUIRE PARKING! DEVELOPMENTS NOW ONGOING IN THIS IMMEDIATE AREA! DEVELOPERS MAY GAIN INCOME DURING THE CONSTRUCTION PROCESS WITH THE CITY! All Units Month to Month. Separately metered for Electric & Gas plus a Huge Parking Court with Garages. 7.494 Square Feet of Land. Located close to a variety of Dining / Hot Spots, Schools, Transportation, and the Freeway not too far away. This is a smart Investment Opportunity for a somewhat rare R4 Zone Corner Property! Thank you!
Presented By: Bruce Jay with Bruce Jay Associates;

General for 5540 LEXINGTON Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate2.0
Carport Y/NNo
CityLos Angeles
Close Price1885000.0
CountyLos Angeles
Days on Market1073
DirectionsUse Google Maps...West of Western, North of Santa Monica
Garage Y/NYes
Gross Income63139.0
HOA / Comm AssnNo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet7494.0
MLS AreaC20 - Hollywood
MobileHomeRemainsYNNo
Net Operating Income33139.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusClosed
StatusClosed
Stories2
Street NameLEXINGTON
Total Units4
View Y/NNo
Waterfront Y/NNo
Year Built1917
ZoningLAR4

Interior for 5540 LEXINGTON Avenue

1/4 Baths
3/4 Baths
Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Full Baths0
Half Baths0
Heating Y/NNo
Street SuffixAvenue
Total Baths4
Total Bedrooms8
Total Stories0

Exterior for 5540 LEXINGTON Avenue

Building Area Total5334.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.172
Lot Size Area7494.0
Lot Size SourceAssessor
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesGarage, OneSpace
SpaNo
Total Parking4.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,885,000
MLS#21702616
List Date 03/08/2021
Property Type Multi-Family
Phone 714.964.3311
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