5540 Lexington Avenue

Los Angeles, CA 90038

$1,885,000

Sold Price
8

bed Beds

4

shower Baths

5,334 sqft

straighten / sqft

1917

calendar_month Built

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!

Listing Information

Close Price $1,885,000
Close Date Thursday, May 9th, 2024
Status Closed
MLS 21702616
Type Residential Income
Year Built 1917
Lot Size 7,494
Structure Size 5,334
DOM 1073
Courtesy Of Bruce Jay Associates
Listing Agent Bruce Jay DRE#00559166

Interior Features

Total Bedroom
Bedrooms 8
Total Bathroom
Bathrooms 4

Exterior Information

Maps

Listing information courtesy of: Bruce Jay, Bruce Jay Associates 323-667-1000. *Based on information from the Association of REALTORS/Multiple Listing as of May 9th, 2024 at 8:35 PM 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.