Los Angeles, CA 90038 5657 Lexington Avenue

5657 Lexington Avenue Los Angeles, CA - Image 1
Presented By: Shane Moses with Moses Commercial, Inc;
  • California Regional MLS (CRMLS) - 25 - CA
  • MLS# 24470617
  • 12/09/2024
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Disclaimer: The information contained in this listing has not been verified by Sell Buy OC Homes and should be verified by the buyer.

Home Details

Moses Commercial, Inc. is pleased to present an exceptional commercial land development opportunity: an 84-unit Vested ED1 100% Affordable Housing project located at 5655 - 5657 Lexington Ave in the rapidly evolving Hollywood Studio District. Designed in collaboration with one of Los Angeles' premier architectural firms, this project maximizes zoning incentives, allowing for increased unit density, reduced parking requirements, and minimized setbacks. The 15,000+ square foot site will feature a four-story residential building over on-grade parking, with a well-balanced unit mix: 12 Studios, 64 One-Bedroom Units, 8 Two-Bedroom Units & 20 On-Site Parking Spaces. Boasting a Walk Score of 88, the property is ideally situated in a vibrant, pedestrian-friendly neighborhood, less than a mile from the Metro B Line station. Additionally, investors have the option to redevelop the site as a market-rate project, a strategy being pursued by many in the area. For more details on this rare opportunity, contact Moses Commercial, Inc. today.
Presented By: Shane Moses with Moses Commercial, Inc;

Interior Features for 5657 Lexington Avenue

Bathrooms

1/4 Baths0
3/4 Baths0
Half Baths
Total Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NNo

General for 5657 Lexington Avenue

Additional Parcels Y/NNo
Attached Garage No
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
DirectionsWaze
DisclosuresRentControl
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
HOANo
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
Lot Size Square Feet15010.0
Lot Size UnitsSquareFeet
MLS AreaC20 - Hollywood
MobileHomeRemainsYNNo
New ConstructionNo
Occupancy TypeVacant
PossessionCloseOfEscrow
Property Attached Y/NNo
Property TypeLand
Rent Control Y/NYes
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Waterfront Y/NNo
ZoningLAR3

Exterior for 5657 Lexington Avenue

Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.3446
Lot Size Area15010.0
Lot Size SourceOther
Open Parking Y/NNo
Private PoolNo
SpaNo
Total Parking0.0

Additional Details

Price History

Hal Schlegel

Broker Associate
Price $2,500,000
MLS#24470617
List Date 12/09/2024
Property Type Land
Phone 714.742.6515
Request Tour
Request Info
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