$2,225,000

Residential Income In Los Angeles

  • 8 Beds
  • 4 Baths
  • 5,334 Sqft
  • 7,497 Sqft lot
  • Updated: July 6
  • Source:
    The MLS (CLAW)  MLS#26830141

About the Property

MAKE YOUR DREAM OFFER NOW! WHY NOT? IT JUST MIGHT BE A BIG WIN FOR YOU! BUY THIS 4 UNIT + THE NEXT DOOR 2 UNIT TOWNHOUSE ALSO SEPARATELY OFFERED FOR SALE! FUTURE DEVELOPMEN SITE! 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 PRESE
MAKE YOUR DREAM OFFER NOW! WHY NOT? IT JUST MIGHT BE A BIG WIN FOR YOU! BUY THIS 4 UNIT + THE NEXT DOOR 2 UNIT TOWNHOUSE ALSO SEPARATELY OFFERED FOR SALE! FUTURE DEVELOPMEN SITE! 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!
  • Property type

    Other

  • Floors

    2

  • Year built

    1917

  • Price/sqft

    $417

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5540 Lexington Avenue, Los Angeles, California, United States View on Google Maps
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Bruce Jay Associates - Los Angeles

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Bruce Jay Associates - Los Angeles
California, United States
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7
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2025
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Bruce Jay Associates - Los Angeles
Los Angeles, California, United States
View agency profile
Last updated
July 6
First listed
May 12
Listing reference
26830141
Listing status
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