$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 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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