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  • 5540 Lexington Avenue

5540 Lexington Avenue, Los Angeles, CA 90038

$2,225,000 Approx. USD 8 beds, 4 baths
5,334 sqft
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Photo of Rebecca Alvarado

Rebecca Alvarado REALTOR® - Broker Associate 323-240-9219 m
323-685-1131 o
626-568-8120 f
Lic#: 00912906
NRDS ID: 190002760
HomesByBecky@bhhscal.com Text Me
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626-568-8120 f
Lic#: 00912906
NRDS ID: 190002760
HomesByBecky@bhhscal.com Pasadena Office
540 South Lake Ave
Pasadena, CA 91101
Phone: 626-440-5100
Fax: 626-568-8120
 Pasadena 540 South Lake Ave
Pasadena, CA 91101
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Jonathan Jay | jonathan@brucejay.com
Lic#: 01979786
Broker: Courtesy of Bruce Jay Associates
Phone: 323-660-3600

Agent Remarks

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!

Listing Details

Property type: (Multi-Family)
Status: Active
MLS# 26830141
Price: $2,225,000
Beds: 8
Baths: 4
Built in 1917
5,334 sqft
2 stories
0.17 acres
Lot size: 0.1721
County: Los Angeles
Property style: Craftsman
Zoning: LAR4
Appliances: Refrigerator
Parking description: Covered,Carport,Detached Carport,Driveway,Guest,One Space
Lot description: Back Yard,Corners Marked,Front Yard,Rectangular Lot,Yard
Heating description: Wall Furnace
MLS area: C20 - Hollywood

Last Updated: 6/6/2026

 Days On Market (DOM): 44

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 Find more homes in 90038 zip code

This listing belongs to the C20 - Hollywood MLS area

The style of this listing is Craftsman.
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Lat/Long: 34.092493, -118.310727.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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Photo of Rebecca Alvarado

Rebecca Alvarado REALTOR® - Broker Associate 323-240-9219 m
323-685-1131 o
626-568-8120 f
Lic#: 00912906
NRDS ID: 190002760
HomesByBecky@bhhscal.com Text Me
Call My Cell
Call My Office
626-568-8120 f
Lic#: 00912906
NRDS ID: 190002760
HomesByBecky@bhhscal.com
Pasadena Office
540 South Lake Ave
Pasadena, CA 91101
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