6423 W Lexington Ave - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$2,250,000 USD
323-821-5353
6423 W Lexington Ave, Los Angeles, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/7
null | 7.54% Cap Rate

6423 W Lexington Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Location

OVERVIEW

Welcome to this exceptional opportunity in the heart of the Hollywood Media District one of L.A.'s most vibrant and sought-after rental markets. This 8-unit apartment building, offers a rare blend of in-place income, value-add potential, making it an incredible investment! Located in a walkable, high-demand neighborhood surrounded by new multifamily developments, mixed-use projects, and entertainment-focused facilities like movie studios and post-production houses, 6423 Lexington is perfectly positioned to attract tenants seeking a vibrant urban lifestyle in the heart of Hollywood. To be delivered vacant, located on Lexington, the largest unit is a 4 bedroom 2.5 baths (or 3 Bed + studio (with its own entrance), gated tandem parking and secure outdoor patio. All other units, located on Cole, are 2 bedroom + one bath units; all offer 1 car parking. In total 2 units (big 4+2.5 Unit and one 2+1) will be delivered vacant. Whether you're looking for steady cash flow, significant upside potential, or a pride-of-ownership property in one of L.A.'s most dynamic submarkets, 6423 Lexington is a unique opportunity that checks all the boxes. So much happening in this neighborhood that makes it an investment to jump on!

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

8

PRICE/UNIT

$281,250

CAP RATE

7.54%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Colex Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,926 SF

ZONING

LARD1.5

APN/PARCEL ID

5533-004-015

ASK ABOUT THIS PROPERTY

Angelo FierroCompassMore Info
323-821-5353

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Angelo FierroCompassMore Info
323-821-5353

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