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5540 Lexington Avenue

Los Angeles (City), CA 90038
  • $1,885,000
  • STATUS: Closed
  • ON SITE: 1202 Days
  • ID#: 21702616
Sold - 05/09/2024
$1,885,000
SOLD - 05/09/2024
  • 8
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 5,334
    SQFT
  • $353
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1917
County:

School Ratings & Info

Listing Agent(s): Bruce Jay of Bruce Jay Associates (323-660-3600)


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!

Sold by Bruce Jay of Bruce Jay Associates.

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Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-23T16:30:19.843. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
www.teamforss.com/homes/114886005
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5540 Lexington Avenue Los Angeles (City), CA 90038

  • Price: $1,885,000
  • Status: Closed
  • On Site: 1202 Days
  • Updated: 89 min ago
  • ID#: 21702616
8
Beds
0
Baths
0
½ Baths
0.17
Acres
5,334
SQFT
$353
$/SQFT
1917
Built
Neighborhood:
C20 - Hollywood
County:
Los Angeles
Area:
C20 - Hollywood
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!
Exterior Features

Parking Features GarageOne Space Parking Total 4

Property Features

Association YN No Cap Rate 2 Garage YN Yes Gross Income 63139 Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Net Operating Income 33139 New Construction YN No Rent Control YN Yes Senior Community YN No Special Listing Conditions Standard Zoning LAR4



Based on information from California Regional Multiple Listing Service, Inc. as of 2024-06-23T16:30:19.843. 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 deemed reliable but is not guaranteed accurate by the MLS or Team Forss Realty Group. Licensed in the State of California, USA.
 
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Team Forss Realty Group
31213 Temecula Parkway
Temecula CA, 92592
Listing Agent(s): Bruce Jay of Bruce Jay Associates (323-660-3600)