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5657 Lexington Ave
5657 Lexington Ave
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5657 Lexington Ave
5657 Lexington Ave
Active Under Contract

5657 Lexington Ave

5657 Lexington Ave, Los Angeles, CA 90038

$2,500,000
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.

0.34 Acres lot

Shane Moses

Shane Moses

Features & Amenities

Area & Lot

  • Status Active Under Contract
  • Lot Area0.34 Acres
  • MLS® ID24-470617
  • TypeLand
  • View DescriptionOther

Financial

  • Sales Price$2,500,000
  • Zoning LAR3
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Thank you for your interest in 5657 Lexington Ave, Los Angeles, CA 90038. We are reviewing your request and will be in touch shortly!

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