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$2,225,000 Just Listed

  • For Sale
  • Active
  • Multi-Family
  • 8 Total Beds
  • 4 Car Garage
  • Updated 10 hours ago
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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!

Full Property Details for 5540 Lexington Ave

General

  • Price: $2,225,000
  • Status: Active
  • Type: Multi-Family
  • Source: CLAW
  • MLS ID: 26830141
  • Updated: 5/11/2026
  • Added to Site: 4 day(s) ago

Rooms

Bathrooms

  • Total Bathrooms: 4

Bedrooms

  • Total Bedrooms: 8

Other Rooms

  • Laundry: Room

Additional Information

  • Other Features: Other

Parking

  • Garage: Yes
  • Garage Spaces: 4
  • Covered Spaces: 4
  • Garage Description: Carport, Carport Detached, Covered Parking, Driveway, Garage Is Detached, Parking for Guests, Parking for Guests - Onsite, Parking Space

Location

  • Area: Hollywood
  • County: Los Angeles
  • Cross Streets: LEXINGTON & NORTH ST. ANDREWS PLACE SOUTH-EA
  • Driving Directions: please check google maps
  • Direction Faces: North

Heating & Cooling

  • Cooling Type: Window Unit(s)
  • Heating Type: Wall

Structural Information

  • # Buildings: 1
  • Architectural Style: Craftsman
  • Stories/Levels: 2
  • Square Feet: 5,334
  • Sq. Ft. Source: Vendor Enhanced
  • Year Built: 1917
  • Year Built Source: Vendor Enhanced
  • Property Condition: Value Mainly In Land
  • Other Struct. Feat.: Balcony

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

  • Property View: Tree Top, Hills
  • Lot Size (Acres): 0.1721
  • Lot Size: 7497
  • Lot Size Source: Vendor Enhanced
  • Lot Features: Corner Lot
  • Zoning: LAR4
  • Lot Description: Lot Shape-Rectangular, Level/Flat Lot, Sidewalks, Single Lot, Street Paved, Walk Street, Yard, Front Yard, Fenced, Curbs, Corners Established, Back Yard

Financial Considerations

  • Price Per Sq. Ft.: $417.14
  • Assessment Year: 1917
  • Owner Pays: Gardener, Water
  • Tenant Pays: Gas, Electricity

Disclosures and Reports

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

Listed by Bruce Jay Associates, Jonathan Jay

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Listing agent

— 5540 Lexington Ave —

  • Jonathan 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
NameGradesDistance
Joseph Le Conte Middle School
1316 N. Bronson Ave., Los Angeles, CA 90028
6-80.4 mi
STEM Academy at Bernstein High
1309 N. Wilton Pl., Los Angeles, CA 90028
9-120.3 mi
Helen Bernstein High School
1309 N. Wilton Pl., Los Angeles, CA 90028
9-120.3 mi
Disclaimer: School attendance boundaries provided by ATTOM Data Solutions and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5540 Lexington Ave Get Price Alerts and Save Property

Date
Details
Price
Change
Source
5/08/2026
Listed
$2,225,000
18.04%
MLS
4/02/2024
Sold
$1,885,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 5540 Lexington Ave

Year
Property Taxes
Change
Tax Assessment
Change
2025
$23,675
430%
$1,922,700
522%
2023
$4,465
4%
$308,883
2%
2022
$4,285
2%
$302,827
2%
2021
$4,201
-1%
$296,890
1%
2020
$4,232
3%
$293,847
2%
2019
$4,089
4%
$288,086
2%
2018
$3,945
2%
$282,438
2%
2017
$3,871
4%
$276,901
2%
2016
$3,723
1%
$271,472
2%
2015
$3,675
-1%
$267,395
2%
2014
$3,716
—
$262,158
—
2013
$3,710
—
$260,975
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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*These costs are estimates, and the interest rates assume exceptional credit standing.

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Listed by Bruce Jay Associates, Jonathan Jay

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5540 Lexington Ave, Los Angeles, CA 90038 (MLS# 26830141) is a Multi-Family property with units containing 8 bedrooms and 0 full bathrooms. 5540 Lexington Ave is currently listed for $2,225,000 and was received on May 08, 2026. 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.

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