Listing provided courtesy of Bruce Jay of Bruce Jay Associates. Last updated 2019-07-03 09:43:57.000000. Listing information © 2024 CLAW.
Asking Price: $2,350,000
5540 LEXINGTON, Los Angeles CA 90038
Community: Hollywood
This property was built in 1917 and is priced at $2,350,000. Please see the additional details below.
HIGH DEMAND LOCATION! DEVELOPMENT SITE WITH NEIGHBORING PROPERTY OR A GREAT 4 UNIT INVESTMENT!!! OWNER NEXT DOOR MAY COOPERATE!! THIS IS ONE LOT + POTENTIALLY THE NEIGHBOR LOT MAKES THIS A REMARKABLE OFFERING...R4 DEVELOPMENT SITE...BUY NOW, ENJOY THE INCOME, DEVELOP WHEN YOU ARE READY TO DO SO!! DO NOT DISTURB OCCUPANTS.....SOLD FOR LAND VALUE.....The LEXINGTON DEVELOPMENT SITE is a Remarkable Opportunity.....Owner next door may consider selling as well!.....Reports indicate R4-1VL Zoning TIER 3 on 7.494 Square Feet of Land.....Currently a 4 Unit Apartment Building, all month to month tenancies.....Located close to a Wide Variety of Dining & Hot Spots, as well as Private and Public Schools. Priced to Sell at just a tad over $300 Per Square Foot! Great Opportunity for an R4 Building Site!