$3,900,000 USD
213-387-3456
HIGHLIGHTS
- Prime Location: Close to entertainment and business hubs in Hollywood.
- Upgraded Features: Copper plumbing throughout, a newer roof (2019), and updated windows (2015)
- Parking Advantage: One parking space per unit
- Recent Improvements: Newer cement driveway and parking area (2016), earthquake retrofit completed (2016)
- Income Potential: Approximately 32% upside in rents.
- Additional Revenue: Leased laundry and dry machines generate approximately $250 per month
OVERVIEW
Major $300,000 Reduction. Now, $3,900,000
Total Commercial Inc. is pleased to present an exceptional investment opportunity in the heart of Hollywood. This well-maintained 21-unit apartment building is
situated near key attractions such as the STEM Academy of Hollywood, Netflix
HOME Theater, and the vibrant Hollywood district.
Please email me at Brian@TcomApts.com for Operating Memorandum.
FOR SALE DETAILS
PRICE
$3,900,000 USD
PRICE/SF
$325 USD /SF
# OF UNITS
21
PRICE/UNIT
$185,714
CAP RATE
5.5%
% LEASED
100%
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
5661 Lexington Ave
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1968
PARKING SPACES
21
LAND DETAILS
LAND ACRES
0.34 AC
LAND SF
14,810 SF
ZONING
R4-2, Los Angeles
APN/PARCEL ID
5536-004-034
ASK ABOUT THIS PROPERTY
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213-387-3456
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213-387-3456
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