Los Angeles, CA 90038,5540 LEXINGTON AVE
Los Angeles, CA 90038,5540 LEXINGTON AVE
Los Angeles, CA 90038,5540 LEXINGTON AVE
$1,885,000
Est. payment /mo
$1,885,000
Est.Price: ?

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8 Beds
4 Baths
5,334 SqFt
SOLD DATE : 05/09/2024

Key Details

Sold Price $1,885,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 5,334 sqft

Price per Sqft $353

MLS Listing ID 21702616

Sold Date 05/09/24

Bedrooms 8

HOA Y/N No

Year Built 1917

Lot Size 7,492 Sqft

Acres 0.172

Property Description

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!

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR4

Interior

Fireplace No

Exterior

Garage Garage, One Space

Parking Type Garage, One Space

Total Parking Spaces 4

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5536008011

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Bruce Jay • Bruce Jay Associates
Bought with Bruce Jay • Bruce Jay Associates
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