5540 Lexington Avenue

Los Angeles, CA 90038 $465,000.00 (-19.79%) Closed for $1,885,000

Overview
Map & Location
Median Values
Schools & Score
Property History
Similar Listings

Beds: 8 Baths: 4 Structure Size: 5,334 sqft Lot Size: 7,494 sqft

5540 Lexington Avenue | Thumbnail Photo 1

Property Facts

MLS	21702616
Year Built	1917
Property Type
County	Los Angeles
Status	Closed
Closed	$1,885,000
Structure Size	5,334 sqft
Lot Size	7,494 sqft
Beds	8
Baths	4

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!

Listing information courtesy of: Bruce Jay, Bruce Jay Associates 323-667-1000. *Based on information from the Association of REALTORS/Multiple Listing as of 11/09/2024 and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.