5540 Lexington Avenue, Los Angeles, CA 90038

• 8 beds |
• 4 baths |
• 5,334 sqft

Property 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!

Listing Status:

Active

Date Added:

May 8, 2026

Data Last Updated:

May 20, 2026 at 5:17AM

Listing Office:

Bruce Jay Associates : 323-660-3600

Listing Agent:

Jonathan Jay : 323-660-3600

MLS ID:

26830141

Interior

• Appliances: Refrigerator
• Laundry: Laundry Room
• Heating: Wall Furnace

Exterior

• Style: Craftsman
• Parking: CoveredCarportDetached CarportDrivewayGuestOne SpaceParking spaces: 0

Construction

• General: 2

Location

• Originating MLS: CRMLS_CL
• County: Los Angeles

Lot

• Zoning: LAR45536008011
• View: HillsView

Financial

• Source: CRMLS_CL