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    5526 Lexington Ave West Hollywood, CA 90038

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    For Sale
    $1,799,000

    7500 sq ft R4 lot in Opportunity Zone.

    Property Features for 5526 Lexington Ave

    General Information

    Standard status
    Active

    Source: KELLER WILLIAMS SOUTH BAY Agent MARK HEARN

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Opportunity Zone Development Potential

    This property features a 7500 square foot lot situated within an Opportunity Zone, holding an R4 zoning designation and a Tier 3 TOC Rating. The site currently hosts a two-story Victorian house along with a detached single unit located at the rear of the property. According to the owner, the property has new electrical, new plumbing, and a new foundation. The city report indicates two addresses. The county land use is duplex use. There is one electric and gas meter. The property presents development potential, with the possibility of constructing up to 18 units or more.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Grocery Store

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

    Location Insight

    • Map
    • Local Demand
    City
    West Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.327
    Latitude
    34.0889

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    FAQs

    What type of property is this?
    Residential land & home lot - 7500 sq ft R4 lot in Opportunity Zone.
    Where is this residential land & home lot located?
    The property is located at 5526 Lexington Ave West Hollywood, CA.
    What is the asking price?
    The asking price for this property is $1,799,000.
    What are key features of this property?
    This property features: - Opportunity Zone location; - R4 zoning with Tier 3 TOC rating allowing for high-density development (up to 18 units or more); - Large 7500 sq ft lot
    Request Owner's contact information
    5526 Lexington Ave West Hollywood, CA 90038
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    West Hollywood, CA 90038
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5526 Lexington Ave West Hollywood, CA 90038
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