5636 Lexington Ave

Los Angeles, CA 90038

PRICE REDUCED

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-$490,000 (-18.99%)

$2,090,000

List Price

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Property Description

Fantastic development opportunity in the Hollywood area. 7,501 sqft lot Zoned R-3, TOC-Tier 3, right off the 101. Opportunity to build Multi unit building. certain new city of Los Angeles programs may allow to build 27 units APARTMENT BUILDING or 9 luxury units .buyer and buyer broker are soley responsible to verify with city of Los Angeles planning department for condition and programs that will allow it . Area may allow for A very high density bonus with certain condition . Perfect for 1031 exchange or cash buyer looking to develop a cash flowing asset. Seller is a broker. Buyer and Buyers broker to perform their OWN DUE DILIGENCE. Land value!Drive by only, Do not disturb tenants. Please call LA2 for more information. seller may be willing to carry .

Listing Information

List Price $2,090,000
Status Active
MLS WS24150632
HOA $0
Type Land
Lot Size 7,501
Structure Size N/A
DOM 131
Courtesy Of SO. CALIFORNIA REAL ESTATE CO.
Listing Agent Meir Derhy DRE#01133364

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Maps

Listing information courtesy of: Meir Derhy, SO. CALIFORNIA REAL ESTATE CO. 818-518-7252. *Based on information from the Association of REALTORS/Multiple Listing as of Dec 13th, 2024 at 7:14 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. 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.