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5540 Lexington Avenue, Los Angeles, CA 90038

Los Angeles
Local realty services provided by:CENTURY 21 Select Real Estate, Inc.
5540 Lexington Avenue,Los Angeles, CA 90038
$2,225,000
  • 8 Beds
  • 4 Baths
  • 5,334 sq. ft.
  • Multi-family
  • Active
Listed by: jonathan jay
Office: bruce jay associates323-660-3600
MLS#:26830141
Source:CRMLS

Price summary

  • Price:$2,225,000
  • Price per sq. ft.:$417.14

About this home

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...

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Home facts

  • Year built:1917
  • Listing ID #:26830141
  • Added:2 day(s) ago
  • Updated:May 14, 2026 at 10:26 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:4
  • Kitchen Description:Refrigerator
  • Living area:5,334 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1917
  • Building area:5,334 sq. ft.
  • Lot area:0.17 Acres
  • Lot Features:Back Yard, Corners Marked, Front Yard, Rectangular Lot, Yard
  • Architectural Style:Craftsman
  • Levels:2 Story

Finances and disclosures

  • Price:$2,225,000
  • Price per sq. ft.:$417.14

Parking

  • Parking description:2 Carport Space(s), Carport, Covered, Detached Carport, Driveway, Guest, One Space
  • Garage:Yes
  • Garage spaces:4
  • Carport spaces:2
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