5540 Lexington Ave, Los Angeles, CA 90038
- $2,225,000
- 8
- BD
- 4
- BA
- 5,334
- SqFt
- List Price
- $2,225,000
- MLS#
- 26830141
- Year Built
- 1917
- Bedrooms
- 8
- Bathrooms
- 4
- Living Sq. Ft
- 5,334
- Lot Size
- 7,497
- Lot Location
- Corner Lot
- Days on Market
- 82
- Property Type
- Multifamily
- Style
- Craftsman
- Stories
- 2
Property Description
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!
Additional Information
- Lot Description
- Lot Shape-Rectangular, Lot-Level/Flat, Sidewalks, Single Lot, Street Paved, Walk Street, Yard, Front Yard, Fenced, Curbs, Corners Established, Back Yard
- Other Buildings
- Other
- Heat
- Wall
- Cooling
- Window Unit(s)
- View
- Tree Top, Hills
- Number of Cars in Garage
- Carport, Carport Detached, Covered Parking, Driveway, Garage Is Detached, Parking for Guests, Parking for Guests - Onsite, Parking Space
- Garage Spaces Total
- 4
Mortgage Calculator
Courtesy of Bruce Jay Associates, Jonathan Jay - CA DRE#01979786
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