MAKE YOUR DREAM OFFER NOW! WHY NOT? IT JUST MIGHT BE A BIG WIN FOR YOU! BUY THIS 4 UNIT + THE NEXT DOOR 2 UNIT TOWNHOUSE ALSO SEPARATELY OFFERED FOR SALE! 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!
For sale
$2,225,000
5540 Lexington Ave, Los Angeles, CA 90038
8beds
4baths
5,334sqft
:
Get pre-qualified$14,800/mo
Multi Family
Built in 1917
-- sqft lot
$2,081,400 Zestimate®
$417/sqft
$-- HOA
What's special
- 75 days |
- 40 |
- 4 |
Zillow last checked:
Listing updated:
Listed by:
Jonathan Jay DRE # 01979786 323-660-3600,
Bruce Jay Associates 323-660-3600
Source: CLAW,MLS#: 26830141
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
Heating
- Wall
Cooling
- Window Unit(s)
Appliances
- Included: Range/Oven, Refrigerator, Gas Water Heater
- Laundry: Laundry Room
Interior area
- Total structure area: 5,334
- Total interior livable area: 5,334 sqft
Property
Parking
- Total spaces: 10
- Parking features: Carport, Detached Carport, Covered, Driveway, Garage Is Detached, Guest, On Site, Parking Space
- Garage spaces: 4
- Carport spaces: 2
- Covered spaces: 6
- Uncovered spaces: 4
Features
- Levels: Two
- Stories: 2
- Exterior features: Balcony
- Fencing: Fenced
- Has view: Yes
- View description: Tree Top, Hills
Lot
- Size: 7,496 Square Feet
- Features: Rectangular Lot, Lot-Level/Flat, Sidewalks, Single Lot, Yard, Front Yard, Curbs, Corners Established, Back Yard, Corner Lot
Details
- Additional structures: Other
- Has additional parcels: Yes
- Parcel number: 5536008011
- Zoning: LAR4
- Special conditions: Standard
Construction
Type & style
- Home type: MultiFamily
- Architectural style: Craftsman
- Property subtype: Multi Family
Condition
- Value Mainly In Land
- Year built: 1917
Community & HOA
Location
- Region: Los Angeles
Financial & listing details
- Price per square foot: $417/sqft
- Tax assessed value: $1,922,700
- Annual tax amount: $23,675
- Date on market: 5/11/2026
- Tenant pays: Gas, Electricity
- Road surface type: Paved
Estimated market value
$2,081,400
$1.98M - $2.19M
$2,773/mo
Price history
| Date | Event | Price |
|---|---|---|
| 5/11/2026 | Listed for sale | $2,225,000+18%$417/sqft |
Source:  CLAW #26830141 Report a problem | ||
| 5/8/2024 | Sold | $1,885,000$353/sqft |
Source: Public Record Report a problem | ||
| 3/11/2024 | Pending sale | $1,885,000$353/sqft |
Source: CLAW #21-702616 Report a problem | ||
| 2/16/2024 | Listing removed | -- |
Source: CLAW #21-702616 Report a problem | ||
| 7/1/2023 | Price change | $1,885,000-5%$353/sqft |
Source: CLAW #21-702616 Report a problem | ||
| 6/16/2023 | Price change | $1,985,000-15.2%$372/sqft |
Source: CLAW #21-702616 Report a problem | ||
| 7/23/2021 | Price change | $2,340,000-0.4%$439/sqft |
Source:  CRMLS #21702616 Report a problem | ||
| 4/30/2021 | Listed for sale | $2,350,000$441/sqft |
Source: CRMLS #21702616 Report a problem | ||
| 1/20/2021 | Listing removed | -- |
Source:  CLAW Report a problem | ||
| 8/17/2020 | Listed for sale | $2,350,000$441/sqft |
Source: Bruce Jay Associates #19447204 Report a problem | ||
| 7/27/2019 | Pending sale | $2,350,000$441/sqft |
Source: Bruce Jay Associates #19447204 Report a problem | ||
| 4/7/2019 | Price change | $2,350,000+4.4%$441/sqft |
Source: Bruce Jay Associates #19447204 Report a problem | ||
| 3/23/2019 | Price change | $2,250,000-4.3%$422/sqft |
Source: Bruce Jay Associates #19447204 Report a problem | ||
| 12/28/2018 | Listed for sale | $2,350,000+1046.3%$441/sqft |
Source: Bruce Jay Associates #19447204 Report a problem | ||
| 11/13/1998 | Sold | $205,000$38/sqft |
Source: Public Record Report a problem | ||
Public tax history
| Year | Property taxes | Tax assessment |
|---|---|---|
| 2025 | $23,675 +421.9% | $1,922,700 +510.3% |
| 2024 | $4,536 +1.6% | $315,060 +2% |
| 2023 | $4,465 +4.2% | $308,883 +2% |
| 2022 | $4,285 +2% | $302,827 +2% |
| 2021 | $4,201 -0.7% | $296,890 +1% |
| 2020 | $4,233 | $293,847 +2% |
| 2019 | $4,233 +7.3% | $288,086 +2% |
| 2018 | $3,945 | $282,438 +2% |
| 2017 | $3,945 +1.9% | $276,901 +2% |
| 2016 | $3,871 +4% | $271,472 +1.5% |
| 2015 | $3,723 +0.2% | $267,395 +2% |
| 2014 | $3,716 | $262,158 +2.5% |
| 2012 | -- | $255,858 +2% |
| 2011 | -- | $250,842 +0.8% |
| 2010 | -- | $248,968 -0.2% |
| 2009 | -- | $249,561 +2% |
| 2008 | -- | $244,669 +2% |
| 2007 | -- | $239,872 +2% |
| 2006 | -- | $235,169 |
| 2005 | -- | $235,169 +4% |
| 2004 | -- | $226,039 +1.9% |
| 2003 | -- | $221,897 +2% |
| 2002 | -- | $217,547 +4% |
| 2000 | -- | $209,100 |
Find assessor info on the county website
Monthly payment
Est. payment
Payment breakdown
Explore the cost of this home by adjusting the details. Changes won't be saved.Climate risks
Neighborhood: Hollywood
Nearby schools
GreatSchools rating
- 7/10Santa Monica Boulevard Community Charter SchoolGrades: K-6Distance: 0.3 mi
- 3/10Joseph Le Conte Middle SchoolGrades: 6-8Distance: 0.4 mi
- 3/10Helen Bernstein High SchoolGrades: 9-12Distance: 0.3 mi
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