5540 Lexington Avenue

Los Angeles, CA 90038

$1,885,000
Price
8
Beds
4
Baths
5,334 Sq. Ft.
$353 / Sq. Ft.
5,334
Sq. Ft.
$353
per Sq. Ft.

Description

Prime location! Huge price reduction! Straight sale, not subject to an exchange! 5,334,sq ft per assessor / huge building - corner property! Each unit includes their own private laundry room with sink, which is quite rare! Truly a superior investment! And with r-4 t-4 zoning / perfect development site that reported does not require parking! Developments now ongoing in this immediate area! Developers may gain income during the construction process with the city! All Units Month to Month. Separately...Prime location! Huge price reduction! Straight sale, not subject to an exchange! 5,334,sq ft per assessor / huge building - corner property! Each unit includes their own private laundry room with sink, which is quite rare! Truly a superior investment! And with r-4 t-4 zoning / perfect development site that reported does not require parking! Developments now ongoing in this immediate area! Developers may gain income during the construction process with the city! All Units Month to Month. Separately metered for Electric & Gas plus a Huge Parking Court with Garages. 7.494 Square Feet of Land. Located close to a variety of Dining / Hot Spots, Schools, Transportation, and the Freeway not too far away. This is a smart Investment Opportunity for a somewhat rare R4 Zone Corner Property! Thank you!
  1. Listed by Bruce Jay • DRE #00559166 • Brokerage DRE #00559166 • Bruce Jay Associates

Property Details for 5540 Lexington Avenue

Zoning
LAR4
Parcel Number
5536008011
Total Units
4.0
Living Area
5334
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
0%
Lot Size Area
7494

Location

Listing Courtesy of Bruce Jay Associates, Bruce Jay, DRE #00559166
Add your commute
LISTING UPDATED: 03/11/2024 03:45 PM

Property Details for 5540 Lexington Avenue

StatusPending
MLS #21-702616
Days on Market1073
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1917
Lot Size0.17 AC / 7,494 SF
CountyLos Angeles County

Location

Listing Courtesy of Bruce Jay Associates, Bruce Jay, DRE #00559166
Add your commute

Building Information for 5540 Lexington Avenue

Stories-Residences-Year Built1917Building Size-Lot Size0.17 AC / 7,494 SF

Payment Calculator

$10,659 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,287

Property Taxes

$372

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5540 Lexington Avenue

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
  • Management Company Name: Bruce Jay Associates
  • Management Company Phone: 3236671000|
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Residential
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $63,139
  • Net Operating Income: $33,139.00
  • Gross Income: $63,139
  • Cap Rate: 2.00%
  • Gross Rent Multiplier: $30.00
  • Actual Annual Gross Rent: $63,139.00
  • Actual Rent Total: $63,139.00
  • Total Annual Expense: 30000
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 7494
Parking Details
Parking Details
  • Parking Garage: Parking Space, Garage
  • Total Parking: 4
  • Parking Features: Parking Space, Garage
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Other
  • Heating Type: Other
  • Equipment: Other
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 03-08-2021
  • Rent Control: Yes
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,967.00
  • Unit Actual Rent: $1,967.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,127.00
  • Unit Actual Rent: $1,127.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,127.00
  • Unit Actual Rent: $1,127.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,042.00
  • Unit Actual Rent: $1,042.00
  • Unit Projected Rent: $2,950.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $67,533.00
  • Assessed Land Value: $209,368.00

Property History for 5540 Lexington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5540 Lexington Avenue

Taxable ValueLand$233,551Additions$75,332Total$308,883
Tax Record2023$4,465 ($372 / month)
Home Facts
Total Finished SqFt5,334 SqFtAbove Grade Finished SqFt5,334 SqFtLot Size7,494 SqFtStyleQuadraplexYear Built1917ZoningLAR4CountyLOS ANGELESAPN5536-008-011

Schools near 5540 Lexington Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Joseph Le Conte Middle School
Public6 to 8

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Bruce Jay Associates, Bruce Jay, DRE #00559166

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.