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5540 Lexington Ave, Los Angeles, CA, 90038
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Home sold for $1,885,000 in 1159 days

5540 Lexington Ave Los Angeles, CA, 90038

Off the market 8 beds 5,334 sqft

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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!
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Property details

5,334 sqft interior area
Property type
Home
Interior area
5,334 sqft
Land area
7,405 sqft (0.17 acres)
Price per sqft
$353/sqft
Address
5540 Lexington Ave, Los Angeles, CA, 90038
City of California
Los Angeles
County
Los Angeles
Previous price
$1,985,000
Sold price
$1,885,000
nr.of parking places
4
Year Built
1917
District
Listing

Open Houses

No upcoming open houses

Interior Features

4 parking places
Beds
8
Parking
4
Garage & Parking
Other

Listed by

Bruce Jay, Bruce Jay Associates
Name
Bruce Jay
License number
00559166
Brokerage company
Bruce Jay Associates
MLS #
CL21702616

Buyer agent

Name
Bruce Jay
Brokerage company
Bruce Jay Associates

Payment calculator

Calculate your monthly payments
Mortgage
$5,788
Taxes
$0
HOA dues
$0
$5,788 per month
Mortgage
$377,000 / 20%
2.28%
30 years
Your amount $5,788 / month

Lot details

TMK #5536008011
Parcel nr.
5536008011

90038 info

Essentials nearby
Neighborhood stats
Walkability
Coffee shops
no data
Bus stop
no data
Supermarket
no data
Costco
no data
Hospital
no data
Park
no data
Beach
no data
Elementary school
no data
Middle school
no data
High school
no data
Local airport
no data

People living in 90038

37%
Families with children
National average: 39%
56%
Non family households
677,006
Population
$82,080
Average Income

Age & gender

Median age 36 years
More info

Commute types

69% commute by car
More info

Education level

31% have bachelor education
More info

Number of employees

1% work in retail trade
More info

Vehicles available

50% have 1 vehicle
More info

Vehicles by gender

50% have 1 vehicle
More info

Housing market insights for

$1.7m
Neighborhood average
sales price*
$1.35m
Neighborhood median
sales price*
670
Number
of sales*

Housing type

39% are apartments
More info

Rooms

41% of the houses have 2 or 3 rooms
More info

Bedrooms

39% have 2 or 3 bedrooms
More info

Owners vs Renters

80% are renters
More info
15 / 20
Above Average
15-20
10-15
5-10
1-5
Walkability according to the National Walkability Index

Price history

Sold May 9, 2024
Date Event Price $/sqft Source
May 9, 2024 Sold $1,885,000 353.39 Public Record
Mar 11, 2024 Pending $1,885,000 353.39 MLS #CL21702616
Feb 16, 2024 Temporarily Withdrawn $1,885,000 353.39 MLS #CL21702616
Jul 28, 2023 Price Decrease $1,885,000 -5.04% 353.39 MLS #CL21702616
Jun 18, 2023 Price Decrease $1,985,000 -15.17% 372.14 MLS #CL21702616
Jun 11, 2023 Price Decrease $2,340,000 -0.43% 438.7 MLS #CL21702616
Mar 8, 2021 New Listing $2,350,000 440.57 MLS #CL21702616

Taxes of 5540 Lexington Ave, Los Angeles, CA, 90038

LAR4 zoning / MLS #CL21702616
Zoning
LAR4

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Frequently Asked Questions about 5540 Lexington Ave

What is 5540 Lexington Ave?

5540 Lexington Ave, Los Angeles, CA, 90038 is a single family home located in the city of Los Angeles, California with zipcode 90038. This single family home has 8 bedrooms with an interior area of 5,334 sqft.

Which year was this home built?

This home was build in 1917.

Which year was this property last sold?

This property was sold in 2024.

What is the full address of this Home?

5540 Lexington Ave, Los Angeles, CA, 90038.

Are grocery stores nearby?

The closest grocery stores are Smart & Final, 0.32 miles away and Jon's Marketplace, 0.33 miles away.

What is the neighborhood like?

The 90038 zip area has a population of 677,006, and 37% of the families have children. The median age is 36.71 years and 69% commute by car. The most popular housing type is "apartment" and 80% is renter.

Based on information from the bridgeMLS as of 05-20-2024. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

Listing last updated on: May 09, 2024
Verhouse Last checked 5 minutes ago

5540 Lexington Ave, Los Angeles, CA, 90038 is a single family home located in the city of Los Angeles, California with zipcode 90038. This single family home has 8 bedrooms with an interior area of 5,334 sqft on a 7,494 sqft sqft lot. This house was build in 1917.
The closest grocery stores are Smart & Final, 0.32 miles away and Jon's Marketplace, 0.33 miles away.
The 90038 zip area has a population of 677,006, and 37% of the families have children. The median age is 36.71 years and 69% commute by car. The most popular housing type is "apartment" and 80% is renter.

*Neighborhood & street median sales price are calculated over sold properties over the last 6 months.

Home Sold $1.89m 5540 Lexington Ave, Los Angeles, CA, 90038 8 beds / 5,334 sqft Save House Remove from Saved