5540 Lexington Avenue,Los Angeles, CA 90038
Los Angeles, CA 90038
Description
GREAT OFFERING OF ONE OR TWO INVESTMENT PROPERTIES! 4 UNITS ON THE CORNER & (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!
Details
| MLS # | 26830141 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1917 |
| Days On Site | 126 |
| Listing Provided By | Bruce Jay Associates | Jonathan Jay |
Features
| Bed(s) | 8 |
|---|---|
| Bath(s) | 4 |
| SQ Feet | 5,334 |
| Garage | 4 |
| Car Port | Yes |
| Story(s) | 2 |
| Units | 4 |
| Building(s) | 1 |
| Zoning | LAR4 |
| Acreage | 0.17 |
| Property View | Yes |
Interior
| Heating | Wall Furnace |
|---|---|
| Heating Yes / No | Yes |
| Appliances | Refrigerator |
Exterior
| Lot Features | Back Yard, Corners Marked, Front Yard, Rectangular Lot, Yard |
|---|
Parking
| Attached Garage Yes / No | No |
|---|---|
| Parking Features | Covered, Carport, Detached Carport, Driveway, Guest, One Space |
| Garage Yes / No | Yes |
Area Information
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90038 |
| Area | C20 Hollywood |
| Listing VS Median (in 90038) | |
Price: $2,225,000 low | high Med: $1,960,000 sqft: 5,334 low | high Med: 4,717 $ / sqft: $417 low | high Med: $430 On site: 126 low | high Med: 150 | |
Market Activity 90038
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Learn More About This Property
| State | CA |
|---|---|
| County | Los Angeles |
| City | Los Angeles |
| Zip Code | 90038 |
| Area | C20 Hollywood |
| Listing VS Median (in 90038) | |
Price: $2,225,000 low | high Med: $1,960,000 sqft: 5,334 low | high Med: 4,717 $ / sqft: $417 low | high Med: $430 On site: 126 low | high Med: 150 | |
