CA > Los Angeles
Los Angeles, CA 90038,5657 Lexington AVE
Los Angeles, CA 90038,5657 Lexington AVE
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$2,500,000
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0.34 Acres Lot
Active Under Contract

5657 Lexington AVE Los Angeles, CA 90038

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Jerry And Rachel Team Hsieh

Jerry And Rachel Team Hsieh

+1(424) 242-8856

UPDATED:

Key Details

Property Type Vacant Land

Listing Status Active Under Contract

Purchase Type For Sale

MLS Listing ID 24470617

HOA Y/N No

Lot Size 0.345 Acres

Property Description

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.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Interior

Fireplace No

Exterior

View Y/N Yes

Building

New Construction No

Others

Senior Community No

Tax ID 5536004029

Special Listing Condition Standard

CRMLS – RECore
Listed by Shane Moses Moses Commercial, Inc

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agent

Jerry And Rachel Team Hsieh

Owner/Director of Sales | License ID: 01701809

+1(424) 242-8856

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5657 Lexington AVE

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