5540 Lexington Ave
LOS ANGELES, CA 90038
Cross street:LEXINGTON & NORTH ST. ANDREWS PLACE SOUTH-EAST C

Property

Ownership: For Sale
Bedrooms: 8 BR
Bathrooms: 4
Area: 7497 sq ft
Lot Size: 0.2 Acres

Financials

Price:$2,225,000
271 North Canon Drive Beverly Hills, CA 90210
Listing Courtesy of Bruce Jay Associates

5540 Lexington Ave 8BR Hancock Park La

Description

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!

Amenities

  • Balcony

Neighborhood

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CLAW

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.