$3,900,000 USD
213-387-3456
HIGHLIGHTS
- Prime Location: Close to entertainment and business hubs in Hollywood. In Opportunity Zone
- Upgraded Features: Copper plumbing throughout, and updated windows (2015).
- 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
Total Commercial Inc. is pleased to present an exceptional investment opportunity in the heart of Hollywood. This 21-unit apartment building is situated near key attractions such as the STEM Academy of Hollywood, Netflix HOME Theater, and the vibrant Hollywood district. The property consists of 4 1 bed & Den 1 bath, 11 1 bed 1 bath and 6 Studios
Please email me at Brian@TcomApts.com to get the Operating Memorandum.
FOR SALE DETAILS
PRICE
$3,900,000 USD
PRICE/SF
$325 USD /SF
# OF UNITS
21
PRICE/UNIT
$185,714
CAP RATE
6%
% 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
15,000 SF
ZONING
R3-1, Los Angeles
APN/PARCEL ID
5536-004-034
ASK ABOUT THIS PROPERTY
Please correct the highlighted field(s).
213-387-3456
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
Please correct the highlighted field(s).
213-387-3456
By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.
