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California>Los Angeles>Hollywood Studio District

5540 Lexington AvenueLos Angeles, CA 90038

For Sale

$2,225,000

Smart Buyer Rebate $22,250

BUY A 4 UNIT + A 2 UNIT TOWNHOUSE NEXT DOOR! 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!

Listed by Jonathan Jay

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License #01979786

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Bruce Jay Associates

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323-660-3600

Last updated June 06, 2026

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Source: CRMLS #26830141

Listing Facts

  • TypeMulti-family
  • NeighborhoodHollywood Studio District
  • Bedrooms8
  • Days on Prevu39
  • Size5,334 sqft
  • Price per sqft$417

Amenities

  • Parking

Location

Mortgage Calculator

Listing History

05/08/2026
Listed by Bruce Jay Associates
$2,225,000

Property Details for 5540 Lexington Avenue

Exterior

Construction

  • Number Of Units Total: 4
  • Stories: 2
  • Stories Total: 2
  • Year Built: 1917
  • Architectural Style: Craftsman

Features

  • Direction Faces: North
  • View: Hills

Measurements

  • Building Area Total: 5,334
  • Lot Features: Back Yard, Corners Marked, Front Yard, Rectangular Lot, Yard
  • Lot Size Acres: 0.17
  • Lot Size Area: 7,497
  • Lot Size Square Feet: 7,497
  • Lot Size Units: Square Feet

Financial

Residential Income

  • Gross Income: $5,861.00

Taxes

  • Parcel Number: 5536008011

Interior

Features

  • Appliances: Refrigerator

Measurements

  • Living Area: 5,334

Rooms

  • Bathrooms Total Integer: 4
  • Bedrooms Total: 8

Parking

Parking

  • Carport Spaces: 2
  • Carport: Yes
  • Garage Spaces: 4
  • Garage: Yes
  • Open Parking Spaces: 4
  • Parking Features: Covered, Carport, Detached Carport, Driveway, Guest, One Space

Utilities

Equipment

  • Heating: Wall Furnace
  • Has Heating: Yes
  • Laundry Features: Laundry Room

Frequently Asked Questions

How many bedrooms does this multi-family home have?

There are 8 bedrooms in this multi-family home at 5540 Lexington Avenue.

Does this multi-family home have parking?

Yes, there are 4 parking spaces available for 5540 Lexington Avenue.

How does 5540 Lexington Avenue compare to other multi-family homes in Hollywood Studio District?

This multi-family home is listed 23% above the average price for multi-family homes in Hollywood Studio District and has been on the market for 60 less days than the typical home in this area.

What is the square footage on this multi-family home?

According to the MLS, this listing is 5,334 sqft.

5540 Lexington Avenue is a 8-bedroom multi-family home for sale in Los Angeles CA 90038. On Prevu for 39 days at $2,225,000. This property features 5,334 square feet of living space, located in Hollywood Studio District. The median listing price for multi-family homes in this area is $1,395,000. The home offers parking. Explore more multi-family home listings in Los Angeles.

Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.

Full MLS Disclaimers

Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.