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$1,885,000

  • Sold
  • Closed
  • Multi-Family
  • 8 Total Beds
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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!

Full Property Details for 5540 Lexington Ave

General

  • Sold For: $1,885,000
  • Status: Closed
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 21-702616
  • Added to Site: 1, 333 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Additional Information

  • Other Features: Other

Parking

  • Garage Description: Parking Space, Garage

Location

  • Area: Hollywood
  • County: Los Angeles
  • Driving Directions: Use Google Maps...West of Western, North of Santa Monica

Heating & Cooling

  • Cooling Type: Other
  • Heating Type: Other

Structural Information

  • # Buildings: 1
  • Stories/Levels: 0
  • Square Feet: 5,334
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1917
  • Year Built Source: Vendor Enhanced

Unit Information

  • Units in Complex: 4
  • Unit Type: 2106, 2107, 2108, 2109

Unit 1

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 2

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 3

  • Total Bathrooms: 1
  • Bedrooms: 2

Unit 4

  • Total Bathrooms: 1
  • Bedrooms: 2

Additional Structures

  • Other Structures: Other

Lot Features

  • Lot Size: 7494
  • Lot Size Source: Assessor
  • Zoning: LAR4

Financial Considerations

  • Price Per Sq. Ft.: $353.39
  • Assessment Year: 1917

Disclosures and Reports

  • Disclosures/Reports: As Is
  • APN: 5536-008-011

Listed and Sold by Bruce Jay Associates, Bruce Jay

Listing agent

— 5540 Lexington Ave —

  • Bruce Jay

    Bruce Jay Associates

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 5540 Lexington Ave

School District:Los Angeles Unified School District
RatingNameGradesDistance
4
Joseph Le Conte Middle School
1316 N Bronson Ave, Los Angeles, CA 90028
7-80.4 mi
2
Helen Bernstein Senior High School
1309 N Wilton Pl, Hollywood, CA 90028
9-120.3 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5540 Lexington Ave

Date
Details
Price
Change
Source
5/09/2024
Sold
$1,885,000
—
MLS
7/01/2023
Price Reduced
$1,885,000
-5.04%
MLS
6/16/2023
Price Reduced
$1,985,000
-15.17%
MLS
7/23/2021
Price Reduced
$2,340,000
-0.43%
MLS
3/08/2021
Listed
$2,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed and Sold by Bruce Jay Associates, Bruce Jay

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Listed by James Hancock (CalRE#: 00946077)

5540 Lexington Ave, Los Angeles, CA 90038 (MLS# 21-702616) is a Multi-Family property that was sold at $1,885,000 on May 09, 2024. Want to learn more about 5540 Lexington Ave? Do you have questions about finding other Multi-Family real estate for sale in Hollywood? You can browse all Hollywood real estate or contact a Coldwell Banker agent to request more information.