5828-5832 Lexington Ave - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$1,195,000 USD
310-383-5927
5828-5832 Lexington Ave, Los Angeles, CA for Sale
$1,195,000 USD
Apartments - FOR SALE
1/7
null | 3.72% Cap Rate

5828-5832 Lexington Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • 6 Units
  • (1) 2+1 House, (Mix of 1+1 and 2+1 units in rear, total
  • Prime Hollywood location in an up-and-coming neighborhood
  • Surrounded by new development and revitalization projects
  • Close proximity to studios, restaurants, nightlife, and retail corridors
  • Easy access to major freeways and public transportation

OVERVIEW

5828 Lexington Ave offers an incredible Hollywood investment opportunity with a 6-unit property on a large 7,500 SF lot. The front house features a charming 2-bedroom, 1-bath residence, complemented by five additional units in the rear comprised of a mix of one-bedroom and two-bedroom apartments. With a total building size of 3,870 SF, this property represents one of the lowest cost entry points in the area at just $1,195,000, making it one of the cheapest price-per-unit offerings available. Currently under market rents, the property provides investors with an attractive 68% rental upside. The LAR3 zoning also adds long-term redevelopment potential. This creates a value-add opportunity for investors to improve the property and increase income.

FOR SALE DETAILS

PRICE

$1,195,000 USD

PRICE/SF

$309 USD /SF

# OF UNITS

6

PRICE/UNIT

$199,167

CAP RATE

3.72%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1946

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,492 SF

ZONING

R3-1

APN/PARCEL ID

5534-018-021

ASK ABOUT THIS PROPERTY

Chase SimontonRE/MAX One - Simonton Commercial GroupMore Info
310-383-5927

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Chase SimontonRE/MAX One - Simonton Commercial GroupMore Info
310-383-5927

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.