4632 Lexington Ave Unit 5, Los Angeles, CA 90029

Listing agent Jon Emrani

Listing office Marcus & Millichap

Listing date Mar 2, 2026

Source Milsteinestates

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Overview

This offering is for commercial land with a lot size of 8,266 SF. The site is zoned LARD1.5 (TOC Tier 3) and is currently utilized for overflow parking. The seller’s terms include seller carry with 50% down, and the remarks indicate zero demo costs and no risk of tenant displacement.

The property is located at 4632 Lexington Ave Unit: 5 in Los Angeles, CA 90029. A 95 Walk Score is noted, with the Vermont/Santa Monica Metro B-Line approximately 0.1 miles away.

Given its immediate ties to the medical employment base, the site is described as directly adjacent to major employment centers including Kaiser Permanente and Children’s Hospital Los Angeles. For buyers and operators, the current overflow parking use provides interim income that may help offset holding costs during the entitlement phase, while the underlying LARD1.5/TOC Tier 3 zoning supports redevelopment planning aligned with the surrounding tenant and workforce demand.

Suggested Use

Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Gym & Fitness Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

• Map
• Local Demand

City

Los Angeles

County

Los Angeles

State

California

Longitude

-118.2904119

Latitude

34.0933302

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FAQs

What type of property is this?

Commercial land - Commercial land zoned LARD1.5 currently used as overflow parking near the Vermont/Santa Monica B-Line.

Where is this commercial land located?

The property is located at 4632 Lexington Ave Unit 5 Los Angeles, CA.

What is the asking price?

The asking price for this property is $1,275,000.

What are key features of this property?

This property features: 8,266 SF commercial land zoned LARD1.5 (TOC Tier 3); Currently used as overflow parking; 95 Walk Score and 0.1 miles to the Vermont/Santa Monica Metro B‑Line