5540 Lexington AVE, Los Angeles, CA 90038
5540 Lexington AVE, Los Angeles, CA 90038
5540 Lexington AVE, Los Angeles, CA 90038
3
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$2,225,000
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8 Beds
4 Baths
5,334 SqFt
New

5540 Lexington AVE Los Angeles, CA 90038

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David Swanson

David Swanson

+1(619) 203-1809

UPDATED:

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 5,334 sqft

Price per Sqft $417

MLS Listing ID 26830141

Bedrooms 8

HOA Y/N No

Year Built 1917

Lot Size 7,496 Sqft

Property Description

5540 LEXINGTON AVENUE 90038! PRIME LOCATION! MULTI-LOT (TWO LOTS) 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!

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR4

Interior

Heating Wall Furnace

Fireplace No

Appliance Refrigerator

Laundry Laundry Room

Exterior

Parking Features Covered, Carport, Detached Carport, Driveway, Guest, One Space

Garage Spaces 4.0

Carport Spaces 2

Garage Description 4.0

View Y/N Yes

View Hills

Building

Lot Description Back Yard, Corners Marked, Front Yard, Rectangular Lot, Yard

Faces North

Story 2

Entry Level Two

Architectural Style Craftsman

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5536008011

Financing Cash,Conventional

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)
Listed by Jonathan Jay Bruce Jay Associates #01979786

NEARBY SCHOOL & BUSINESS

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David Swanson

David Swanson

Agent | License ID: 01479626

+1(619) 203-1809

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5540 Lexington AVE