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Berkshire Hathaway HomeServices California Properties Berkshire Hathaway HomeServices California Properties
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5540 Lexington Avenue Los Angeles, CA 90038
$2,225,000 8 beds, 4 baths
5, 334 sqft
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OWNER SAYS BRING YOUR OFFER! GREAT INVESTMENT OPPORTUNITY FOR ONE OR TWO INVESTMENT PROPERTIES! 4 UNITS ON THE CORNER PLUS (IF YOU SO DESIRE) 2 TOWNHOUSE UNITS NEXT DOOR! AND Owner Might Finance Your Purchase! YOU CAN BUY THIS 4 UNIT PLUS THE NEXT DOOR 2 UNIT / TWO TOWNHOUSES - (1162 NORTH ST. ANDREWS PLACE 90038) ALSO SEPARATELY OFFERED FOR SALE! FUTURE DEVELOPMEN SITE! 5540 LEXINGTON AVENUE 90038 PRIME LOCATION! MULTI-LOT (TWO LOTS - TWO PROPERTIES FOR YOUR REVIEW) 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
List price is $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: 9/18/2026

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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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Listing Agent: Jonathan Jay
Lic#: 01276603
Office Name: Tustin

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Area Overview

Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

Community Characteristics:

Occupancy Type

White/Blue Collar Jobs

Population by Gender

Hispanic/Non-Hispanic Population

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