$2,225,000
5540 Lexington Avenue, Los Angeles CA 90038
Multi-Family (4 Units)
Property type
25 days
On market
$417
Price per sqft
4 cars
Garage
1917
Year built
7,497 sqft
Lot size
Open Houses
Overview
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...
Listing provided by: Jonathan Jay DRE #01979786 323-660-3600, Bruce Jay Associates
Listing updated: May 16, 2026 at 07:18am.
Last checked: Jun 5, 2026 at 12:00pm
Source: CRMLS #26830141
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 2 | 1 | 1 | $2,191 | $1,967 | $3,000 | Unfurnished |
| 1 | 2 | 1 | 1 | $1,255 | $1,127 | $3,000 | Unfurnished |
| 1 | 2 | 1 | 1 | $1,255 | $1,127 | $3,000 | Unfurnished |
| 1 | 2 | 1 | 1 | $1,160 | $1,042 | $3,000 | Unfurnished |
# of Buildings: 1
# of Units Total: 4
Refrigerator: 4
Rent Control: Yes
Units Leased: 4
Tenant Pays: Electricity, Gas
Financial Snapshot
Gross Rent Multiplier
379.6x
List Price / Annual Gross Rent
Cap Rate
3.16%
NOI / List Price
Net Operating Income: $70,332
Interior
Heating: Wall Furnace
Appliances: Refrigerator
Laundry: Laundry Room
Exterior
Architectural Style: Craftsman
Stories Total: 2
Levels: Two
Direction Faces: North
Lot Features: Back Yard, Corners Marked, Front Yard, Rectangular Lot, Yard
View: Hills
Garage and Parking
Parking: Covered, Carport, Detached Carport, Driveway, Guest, One Space
Garage Spaces: 4
Garage: Detached
Uncovered Spaces: 4
Carport Spaces: 2
Parking Total: 0
Lot Information
Land Lease: No
Parcel #: 5536008011
Additional Parcels: Yes
Zoning: LAR4
Community
HOA: No
Senior Community: No
Nearby Schools
Nearby schools around the 5540 Lexington Avenue, Los Angeles, CA 90038. Contact the school or district directly to verify enrollment eligibility.
Payment Calculator
Total Principal
$1,780,000
Total Interest
$2,270,292
Total Payment
$4,050,292
Payoff Date
Jun 2056
PMI is disabled automatically when your down payment is 20% or more.
Est. Payment
$13,719
per month
Property History for 5540 Lexington Avenue
Los Angeles Market Snapshot
Market stats compare this property with recent MLS activity for similar property types in 90038.
Similar Homes
Listings with similar prices to 5540 Lexington Avenue