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Stacey Alysson Melman

5540 Lexington AV
Los Angeles, CA, 90038
$2,225,000
8 Beds
4 Baths
5,334 SqFt
0.17 Acres
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MLS #26830141 image #0
GREAT OFFERING OF ONE OR TWO INVESTMENT PROPERTIES! 4 UNITS ON THE CORNER & (IF YOU SO DESIRE) 2 TOWNHOUSE UNITS NEXT DOOR! AND Owner Might Finance Your Purchase! YOU CAN BUY THIS 4 UNIT PLUS THE NEXT DOOR 2 UNIT / TWO TOWNHOUSES – (1162 NORTH ST. ANDREWS PLACE 90038) ALSO SEPARATELY OFFERED FOR SALE! FUTURE DEVELOPMEN SITE! 5540 LEXINGTON AVENUE 90038 PRIME LOCATION! MULTI-LOT (TWO LOTS – TWO PROPERTIES FOR YOUR REVIEW) 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!
AGENT: Jonathan Jay
LISTING BROKERAGE: Bruce Jay Associates
5540 Lexington AV
Los Angeles, CA

Property Details

Price:
$2,225,000
MLS #:
26830141
Status:
Active
Beds:
8
Baths:
4
Type:
Single Family
Neighborhood:
c20hollywood
Listed Date:
May 11, 2026
Finished Sq Ft:
5,334
Total Sq Ft:
5,334
Lot Size:
7,497 sqft / 0.17 acres (approx)
Year Built:
1917
CraftsmanC20 – HollywoodC20hollywoodHills
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Schools

Interior

Appliances
RF
Heating
WL
Laundry Features
IR
Levels
U

Exterior

Architectural Style
CRF
Direction Faces
N
Garage Spaces
4
View
HI

Financial

Gross Operating Income
$70,332
Net Operating Income
$70,332

Map

Community

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