5657 Lexington Ave, Los Angeles, CA 90038 - Photo 1

1/1

$2,500,000

Sold
Closed
Lots/Land
0.1722 Acres

1/1

Property Description

Moses Commercial, Inc. is pleased to present an exceptional commercial land development opportunity: an 84-unit Vested ED1 100% Affordable Housing project located at 5655 - 5657 Lexington Ave in the rapidly evolving Hollywood Studio District. Designed in collaboration with one of Los Angeles' premier architectural firms, this project maximizes zoning incentives, allowing for increased unit density, reduced parking requirements, and minimized setbacks. The 15,000+ square foot site will feature a four-story residential building over on-grade parking, with a well-balanced unit mix: 12 Studios, 64 One-Bedroom Units, 8 Two-Bedroom Units & 20 On-Site Parking Spaces. Boasting a Walk Score of 88, the property is ideally situated in a vibrant, pedestrian-friendly neighborhood, less than a mile from the Metro B Line station. Additionally, investors have the option to redevelop the site as a market-rate project, a strategy being pursued by many in the area. For more details on this rare opportunity, contact Moses Commercial, Inc. today.

Full Property Details

Full Property Details for 5657 Lexington Ave

General

Sold For: $2,500,000
Status: Closed
Type: Lots/Land
Source: CLAW
MLS ID: 24-470617
Added to Site: 406 day(s) ago

Location

Area: Hollywood
County: Los Angeles
Driving Directions: Waze

Lot Features

Property View: Other
Lot Size (Acres): 0.1722
Lot Size: 15010
Lot Size Source: Other
Zoning: LAR3

Disclosures and Reports

Disclosures/Reports: As Is, Rent Control, Other
APN: 5536-004-029

Listed by Moses Commercial, Inc, Shane Moses
Sold by LA Commercial, Peter Ciriello

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Listing agent

— 5657 Lexington Ave —

Shane Moses

Moses Commercial, Inc

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Schools

Schools serving 5657 Lexington Ave

School District:Los Angeles Unified School District

Name	Grades	Distance
Joseph Le Conte Middle School 1316 N. Bronson Ave., Los Angeles, CA 90028	6-8	0.3 mi
Helen Bernstein High School 1309 N. Wilton Pl., Los Angeles, CA 90028	9-12	0.2 mi

Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 5657 Lexington Ave

Date

Details

Price

Change

Source

9/29/2025

Sold

$2,500,000

—

MLS

2/18/2025

Price Reduced

$2,500,000

-10.71%

MLS

1/16/2025

Price Reduced

$2,800,000

-13.85%

MLS

12/09/2024

Listed

$3,250,000

—

MLS

Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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2
Beds
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Total Bath
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Price Reduced

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3
Beds
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Total Baths
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Total Beds

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Single Family
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Beds
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Total Baths
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Sq. Ft.

5657 Lexington Ave, Los Angeles, CA 90038 (MLS# 24-470617) is a Lots/Land property that was sold at $2,500,000 on September 29, 2025. Want to learn more about 5657 Lexington Ave? Do you have questions about finding other Lots/Land real estate for sale in Hollywood? You can browse all Hollywood real estate or contact a Coldwell Banker agent to request more information.

5657 Lexington Ave Los Angeles, CA 90038