John E Burge

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Listing provided courtesy of Bruce Jay Associates- MLS# 26830141MLS Provider

5540 Lexington AveLos Angeles, CA 90038

Multi-Family · 8 Beds · 5,334 Sq. ft. | 0.17 Acres
$2,225,000 Active

5540 Lexington Ave Overview

Time on Site:
49 days
Visits:
0

BUY A 4 UNIT + A 2 UNIT TOWNHOUSE NEXT DOOR! FUTURE DEVELOPMEN SITE! 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!

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5540 Lexington Ave Facts & Features

  • Type Multi-Family
  • Sq. ft. 5,334
  • Price/Sq.ft. $417
  • Lot 0.17 Acres

Details

General

Income/Expenses

  • Gross Income: 5861
  • Net Operating Income: 70332.00

Building Information

  • Year Built: 1917

Location/Region

  • Country: US
  • County Or Parish: Los Angeles
  • MLS Area Major: Hollywood

Rent/Lease Information

  • Tenant Pays: Gas, Electricity

Tax Information

  • Tax Assessed Value: 1922700

General Information

  • Disclosures: As Is
  • Property Condition: Value Mainly In Land
  • Property Type: Residential Income
  • Rent Control: True
  • Zoning: LAR4

Interior

Parking Information

  • Garage Spaces: 4

Beds/Baths

  • Bathrooms Total: 4.00
  • Bedrooms Total: 8

General Information

  • Cooling: Window Unit(s)
  • Heating: Wall
  • Levels: Two
  • Living Area: 5334
  • Living Area Source: Vendor Enhanced
  • Stories: 2

Exterior

Parking Information

  • Open Parking Spaces: 4
  • Parking Total: 0

Lot Information

  • Additional Parcels Description: True
  • Lot Features: Lot Shape-Rectangular, Lot-Level/Flat, Sidewalks, Single Lot, Street Paved, Walk Street, Yard, Front Yard, Fenced, Curbs, Corners Established, Back Yard
  • Lot Size Acres: 0.1721
  • Lot Size Area: 7497
  • Lot Size Source: Vendor Enhanced
  • Number Of Buildings: 1

Waterfront/View

    Building Exterior/Construction

    • Architectural Style: Craftsman
    • Direction Faces: North

    General Information

    • Carport Spaces: 2
    • Covered Spaces: 4
    • Number Of Units Leased: 4
    • Number Of Units Total: 4
    • Other Structures: Other

    5540 Lexington Ave Neighborhood

    Community

    90038 (LOS ANGELES) Demographics

    34
    Median Age
    18,237
    Population Density (per sq. mile)
    40%
    College Educated
    $48,786
    Estimated Median Income
    1,034
    Estimated Total Home Owners
    11,614
    Estimated Total Renters
    8% / 92%
    Estimated Owner / Renter Divide
    2
    Estimated Average Household Size
    Community data courtesy of LiveBy, Inc.

    Schools

    School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

    5540 Lexington Ave Monthly Cost

    $
    $ %
    %
    $
    $
    * All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

    5540 Lexington Ave Market Data

    Based on the last 30 days in this zip code

    $1,363,950
    Average List Price
    $784
    Average Price per Square Foot
    10
    Properties Sold
    115
    Average Days on Market
    145
    Properties for Sale
    Calculations provided by Reliance Network

    5540 Lexington Ave History

    Date Event Value Agent
    5/11/2026Source: CRMLS Added to Database
    May 11, 2026
    5/11/2026Source: TheMLS (CLAW) Added to Database
    May 11, 2026
    5/9/2024Source: CRMLS Status Change
    Closed
    5/9/2024Source: TheMLS (CLAW) Status Change
    Sold
    3/11/2024Source: CRMLS Status Change
    Pending
    3/11/2024Source: TheMLS (CLAW) Status Change
    Pending
    9/8/2022Source: CRMLS Added to Database
    September 08, 2022
    6/22/2022Source: TheMLS (CLAW) Added to Database
    June 22, 2022
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