5540 Lexington Avenue, Los Angeles, CA 90038
Local realty services provided by:ERA Carlile Realty Group
5540 Lexington Avenue,Los Angeles, CA 90038
$2,225,000
- 8 Beds
- 4 Baths
- 5,334 sq. ft.
- Multi-family
- Active
Listed by: jonathan jay
Office: bruce jay associates323-660-3600
MLS#:26830141
Source:CRMLS
Price summary
- Price:$2,225,000
- Price per sq. ft.:$417.14
About this home
OWNER SAYS BRING YOUR OFFER! GREAT INVESTMENT OPPORTUNITY FOR ONE OR TWO INVESTMENT PROPERTIES! 4 UNITS ON THE CORNER PLUS (IF YOU SO DESIRE) 2 TOWNHOUSE UNITS NEXT DOOR! AND Owner Might Finance Your Purchase! YOU CAN BUY THIS 4 UNIT PLUS THE NEXT DOOR 2 UNIT / TWO TOWNHOUSES - (1162 NORTH ST. ANDREWS PLACE 90038) ALSO SEPARATELY OFFERED FOR SALE! FUTURE DEVELOPMEN SITE! 5540 LEXINGTON AVENUE 90038 PRIME LOCATION! MULTI-LOT (TWO LOTS - TWO PROPERTIES FOR YOUR REVIEW) CORNER LEVEL DEVELOPMENT SITE EACH LOT SOLD SEPARATELY. RARE DEVELOPMENT OPPORTUNITY AT LAND VALUE PRICE - CONNECTED TO THE PROPERTY JUST SOUTH, ALSO PRESENTLY ON THE MARKET (1162 NORTH ST. ANDREWS PLACE 90038 LAND = 5,497 SQ. FT. - R4 ZONING - SAME OWNER). THIS RESULTS IN A MUCH LARGER DEVELOPMENT SITE WITH BOTH PROPERTIES BEING AVAILABLE FOR SALE, TRULY A SUPERIOR INVESTMENT AND AS REPORTED TO US R4 ZONING DOES NOT REQUIRE PARKING WHICH LEAVES MORE ROOM FOR ADDITIONAL RENTAL UNITS! AND WITH MONTH-TO-MONTH TENANTS THE DEVELOPER MAY GAIN INCOME DURING THE CONSTRUCTION PROCESS! THE RENTALS ARE SEPARATELY METERED FOR ELECTRIC & GAS PLUS A HUGE PARKING COURT WITH GARAGES. LOCATED CLOSE TO DINING HOT SPOTS, GOOD SCHOOLS, TRANSPORTATION, AND THE FREEWAY IS NOT TOO FAR AWAY. THIS IS A SMART INVESTMENT OPPORTUNITY FOR A MULTI-PROPERTY CORNER DEVELOPMENT SITE - PLEASE CALL US FOR ANY QUESTIONS OR FURTHER DETAILS. AND SHOULD YOU NEED IDEAS FOR YOUR DREAM DEVELOPMENT WE WILL CONNECT YOU WITH DEVELOPERS, IF NEEDED. WE APPRECIATE YOUR INTEREST. THANK YOU!...
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Home facts
- Year built:1917
- Listing ID #:26830141
- Added:141 day(s) ago
- Updated:September 30, 2026 at 11:46 AM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Kitchen Description:Refrigerator
- Living area:5,334 sq. ft.
Heating and cooling
- Heating:Wall Furnance
Structure and exterior
- Year built:1917
- Building area:5,334 sq. ft.
- Lot area:0.17 Acres
- Lot Features:Back Yard, Corners Marked, Front Yard, Rectangular Lot, Yard
- Architectural Style:Craftsman
- Levels:2 Story
Finances and disclosures
- Price:$2,225,000
- Price per sq. ft.:$417.14
Parking
- Parking description:2 Carport Space(s), Carport, Covered, Detached Carport, Driveway, Guest, One Space
- Garage:Yes
- Garage spaces:4
- Carport spaces:2
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