Listed By:
Bruce Jay with Bruce Jay Associates;
5540 LEXINGTON Avenue, Los Angeles, CA
$ 1,885,000
Property Attributes
  • MLS#21702616
  • TypeIncome
  • CityLos Angeles
  • AreaHollywood
  • Zip90038
  • Style
  • Price$ 1,885,000
  • Bedrooms8
  • Full Bathrooms4
  • Half Bathrooms0
  • Sqr Footage5334
  • Lot Size7,492 SqFt
Data Source:
California Regional MLS (CRMLS)
Property Description

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!

Price History
3/12/2023 Listed $2,340,000
6/16/2023 16% - $1,985,000
7/1/2023 6% - $1,885,000

General Features

Additional Parcels Y/N No
Association Y/N No
Attached Garage No
Cap Rate 2.0
Carport Y/N No
City Los Angeles
County Los Angeles
Days on Market 880
Directions Use Google Maps...West of Western, North of Santa Monica
Garage Y/N Yes
Gross Income 63139.0
Home Warranty Y/N No
Land Lease Y/N No
Lease Considered Y/N No
Lease Renewal Y/N No
Lot Size Square Feet 7494.0
MLS Area C20 - Hollywood
Mobilehomeremainsyn No
Net Operating Income 33139.0
New Construction No
Private Pool No
Property Attached Y/N No
Property Type ResidentialIncome
Rent Control Y/N No
Senior Community Y/N No
Special Listing Conditions Standard
Standard Status Active
Status Active
Total Units 4
View Y/N No
Waterfront Y/N No
Year Built 1917
Zoning LAR4

Interior Features

Air Conditioning Y/N No
Basement (Y/N) No
Electric On Property Y/N No
Fireplace Y/N No
Heating Y/N No
Street Suffix Avenue
Total Baths 4
Total Bedrooms 8

Exterior Features

Living Area 5334.0
Building Area Total 5334.0
Crops Included Y/N No
Horse Y/N No
Irrigation Water Rights Y/N No
Lot Size Acres 0.172
Lot Size Area 7494.0
Lot Size Units SquareFeet
Number of Buildings 1
Open Parking Y/N No
Parking Features Garage, OneSpace
Spa No
Total Parking 4.0


  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Income Average in 90038

AVG $2.68M
AVG 105
Data Provided by Inside Real Estate®
Year Built
AVG 1941
AVG 90
Data Provided by Walkscore® not using MLS data