Address
5540 LEXINGTON Avenue, Los Angeles, CA
Price
$ 1,885,000
Property Attributes
- MLS#21702616
- TypeIncome
- CountyLOS ANGELES
- 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 |
| Street Name | LEXINGTON |
| 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 |
Amenities
- 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
Price
Visits
Year Built
Walkscore
Based on information from California Regional Multiple Listing Service, Inc. as of November 30, 2023 8:12 AM UTC This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.
