5657 Lexington Avenue, Los Angeles, CA 90038 - Berkshire Hathaway HomeServices California Properties
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5657 Lexington Avenue, Los Angeles, CA 90038

$2,500,000 Approx. USD 0 beds, 0 baths
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Listing Agent


Shane Moses | Shane@mosescommercial.com
Lic#: 02007841
Broker: Courtesy of Moses Commercial, Inc

Agent Remarks

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.

Listing Details

Property type: (Lots/Land)
Status: Active Under Contract
MLS# 24470617
Price: $2,500,000
Beds: 0
Baths: 0
0.34 acres
Lot size: 0.3446
County: Los Angeles
Zoning: LAR3
MLS area: C20 - Hollywood

Last Updated: 5/5/2025

 Days On Market (DOM): 146

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This listing belongs to the C20 - Hollywood MLS area

Lat/Long: 34.093067, -118.312885.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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