5915 Lexington Avenue Los Angeles, CA 90038

$2,900,000
5915 Lexington Avenue, Los Angeles, CA 90038
18344622

Lots and Land for sale in Los Angeles, CA

for $2,900,000. The lot size is 50x264.

Property Information

  • $2,900,000
  • Lots and Land
  • Active
  • Lot size of 50x264
  • Los Angeles, CA
  • Hollywood Neighborhood
  • Los Angeles County
  • MLS/Web ID is 18344622

Description

2 adjacent R3 parcels from Tamarind to Bronson on Lexington. Sold as potential land re-development. Currently comprised of a single family house, a 4 plex, another single family house and a duplex. Included APN's are 5534-009-12 and 5534-009-013. Combined lot dimensions are approx 50' X 264'. 364' of street frontage. Easy to satisfy parking egress and ingress. Prime Hollywood location. All units are in a decent recently renovated condition. Opportunity for redevelopment for up to perhaps 8-10 Small Lot Subdivisions or 16 "build by right" apartments. Or up to 24 units with density bonus. Another obvious plan could be to re-position the 2 properties for much higher rents as it is. All proposed scenario's to be evaluated by experts engaged by potential Buyer. Listing office makes no representations as to buildability.

Listed By

Broker: BARBANO REALTY

5915 Lexington Avenue, Los Angeles, CA, 90038 is a Lots and Land for sale at $2,900,000 with a lot size of 50x264. 5915 Lexington Avenue has 0.0 baths. The property's zip code is 90038 which is in Los Angeles, CA

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363

Market Pricing

Average % of sale price Median % of sale price
All listings in Los Angeles $2,291,644 21 % below $1,099,000 62 % below
Lots and land listings in Los Angeles $1,442,875 50 % below $280,000 90 % below

Get the facts about Los Angeles, CA!

Population 3,923,251
Population Growth (since 2000) 6 %
Median Income $52,600
Median Age 35.79
Households w/ Children 29 %

Residential Dwellings

  • Owned 531178
  • Vacant 89476
  • Rented 838663

Similar Listings

Get an Immediate Callback from 9:00 AM - 10:30 PM EST
or Call us at 1-800-839-1363