7154 Lexington Ave - Apartments FOR SALE


West Hollywood, CA 90046
$1,300,000 USD
818-231-5540
7154 Lexington Ave, West Hollywood, CA for Sale
$1,300,000 USD
Apartments - FOR SALE
1/29
null | 6% Cap Rate

7154 Lexington Ave
West Hollywood, CA 90046


HIGHLIGHTS

  • BUILDING fully remodeled in 2005
  • WALKSCORE OF 97 “Walker’s Paradise” adjacent to an array of Fine Dining, Shopping and Entertainment
  • THREE 1BR / 1BA Units and Two Studios
  • 6% Cap Rate
  • VALUE-ADD investment opportunity with approximately 13% upside in rent

OVERVIEW

We are pleased to present 7154 Lexington Avenue, a rare five unit multifamily offering located in the heart of West Hollywood, one of Los Angeles’ most desirable and supply constrained rental markets. Positioned just minutes from Hollywood and Beverly Grove, the property benefits from immediate access to premier shopping, dining, and entertainment, driving consistent tenant demand and long term rental stability. The property features an attractive unit mix consisting of three one bedroom one bath units and two studio units. One one bedroom one bath unit will be delivered vacant, providing immediate upside through owner occupancy or rental repositioning. The building was fully renovated in 2005 and offers updated systems and modernized interiors, including hardwood floors and hand crafted cabinetry, making it a true turnkey investment. Additional highlights include three on site parking spaces, a highly valuable amenity in this dense West Hollywood rental corridor. Offered at a 6% cap rate, 7154 Lexington Avenue presents an exceptional opportunity for investors seeking immediate cash flow, long term appreciation, and a foothold in one of Los Angeles’ most vibrant rental markets.

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$618 USD /SF

# OF UNITS

5

PRICE/UNIT

$260,000

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

6% Cap Rate in West Hollywood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1953

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

2,938 SF

ZONING

R3

APN/PARCEL ID

5531-009-011

ASK ABOUT THIS PROPERTY

David SaghianLyon Stahl Investment Real EstateMore Info
818-231-5540

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

David SaghianLyon Stahl Investment Real EstateMore Info
818-231-5540

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