Vested Affordable Housing Development
For Sale
Contact for pricing
Pending
5655 Lexington Ave, Los Angeles, CA 90038
Vested plans support an affordable housing project with a four-story residential building and on-grade parking.
Property SizeContact for details
Days on Market144
Property Features for 5655 Lexington Ave
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
The Wine Group
Listed By:
Brian Wine · License #CA 01952225
Source:
Crexi
Added: Apr 12
Changed: Sep 2
Last Checked: Sep 1 at 8:05PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of The Wine Group
Investment Insights
Based on property information with market context.
This commercial land offering at 5655–5657 Lexington Ave is tied to a vested ED1 affordable housing development plan. The proposed four-story residential building would be constructed over on-grade parking on a site exceeding 15,000 square feet. The planned program includes 84 residences comprising 12 studios, 64 one-bedroom units, and 8 two-bedroom units, along with 20 on-site parking spaces.
The property is located in Los Angeles’ Hollywood Studio District, with a Walk Score of 88 and the Metro B Line station less than one mile away. The plan incorporates zoning incentives related to unit density, parking requirements, and setbacks. An alternative market-rate redevelopment approach is also identified for the site.
The property is located in Los Angeles’ Hollywood Studio District, with a Walk Score of 88 and the Metro B Line station less than one mile away. The plan incorporates zoning incentives related to unit density, parking requirements, and setbacks. An alternative market-rate redevelopment approach is also identified for the site.
Key Highlights
- Vested ED1 plan for 84‑unit 100% affordable housing project
- 15,000+ square foot development site at 5655 - 5657 Lexington Ave
- Planned unit mix: 12 studios, 64 one‑bedroom units, and 8 two‑bedroom units
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
3,162
Businesses Nearby
Explore this area
Business Placement
Demographics for 90038, CA
27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Vested plans support an affordable housing project with a four-story residential building and on-grade parking.
Where is this commercial land located?
The property is located at 5655 Lexington Ave Los Angeles, CA.
What are key features of this property?
This property features: Vested ED1 plan for 84‑unit 100% affordable housing project; 15,000+ square foot development site at 5655 - 5657 Lexington Ave; Planned unit mix: 12 studios, 64 one‑bedroom units, and 8 two‑bedroom units
