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!
Property Details
Price:
$2,225,000
MLS #:
26830141
Status:
Active
Beds:
8
Baths:
4
Type:
Single Family
Neighborhood:
c20hollywood
Listed Date:
May 11, 2026
Finished Sq Ft:
5,334
Total Sq Ft:
5,334
Lot Size:
7,497 sqft / 0.17 acres (approx)
Year Built:
1917
See this Listing
Schools
Interior
Appliances
RF
Heating
WL
Laundry Features
IR
Levels
U
Exterior
Architectural Style
CRF
Direction Faces
N
Garage Spaces
4
View
HI
Financial
Map
Community
- Address5540 Lexington AV Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90038
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of Jun 09, 2026
7,095
Single Family Listed
84
Avg DOM
435
Avg $ / SqFt
$1,679,876
Avg List Price
Property Summary
- 5540 Lexington AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90038. It is listed for $2,225,000 and features 8 beds, 4 baths, and has approximately 5,334 square feet of living space, and was originally constructed in 1917. The current price per square foot is $417. The average price per square foot for Single Family listings in Los Angeles is $435. The average listing price for Single Family in Los Angeles is $1,679,876.
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