The best solution that I could come up with for this problem was introducing a new Bindable method.
Before:
item_recyclerview.xml:
<EditText
...
android:enabled="@{myViewModel.myDataModelClass.lastAddedItem && !myViewModel.myDataModelClass.editTextDisabled}"
/>
MyDataModelClass: (which is being held in my viewmodel)
...
private boolean lastAddedItem;
private boolean editTextDisabled;
...
@Bindable
public boolean isLastAddedItem() {
    return lastAddedItem;
}
public void setLastAddedItem(boolean lastAddedItem) {
    this.lastAddeditem = lastAddedItem;
    notifyPropertyChanged(BR.lastAddedItem);
}
@Bindable
public boolean isEditTextDisabled() {
    return editTextDisabled;
}
public void setEditTextDisabled(boolean editTextDisabled) {
    this.editTextDisabled = editTextDisabled;
    notifyPropertyChanged(BR.editTextDisabled);
}
After:
item_recyclerview.xml:
<EditText
...
android:enabled="@{myViewModel.myDataModelClass.enableEditing}"
/>
MyDataModelClass: (which is being held in my viewmodel)
...
private boolean lastAddedItem;
private boolean editTextDisabled;
...
@Bindable
public boolean isLastAddedItem() {
    return lastAddedItem;
}
public void setLastAddedItem(boolean lastAddedItem) {
    this.lastAddeditem = lastAddedItem;
    notifyPropertyChanged(BR.lastAddedItem);
    notifyPropertyChanged(BR.isEnableEditing);
}
@Bindable
public boolean isEditTextDisabled() {
    return editTextDisabled;
}
public void setEditTextDisabled(boolean editTextDisabled) {
    this.editTextDisabled = editTextDisabled;
    notifyPropertyChanged(BR.editTextDisabled);
    notifyPropertyChanged(BR.isEnableEditing);
}
@Bindable
public boolean isEnableEditing() {
    return isLastAddedItem() && !isEditTextDisabled();
}