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    5632 Lexington Ave

    Los Angeles, CA 90038
    • $2,395,000
    • STATUS: Active
    • ON SITE: 47 days
    • MLS #: 21-722344
    UPDATED: 48 min ago
    $2,395,000
    • 12
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,368
      SQFT
    • $325
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1962
    County:
    Area:

    School Ratings & Info

    Description

    Great opportunity to own a ten unit property in up-and-coming located East Hollywood. Property has not been on the market for 50 years and has huge upside potential! Building consists of eight 1 bedroom/1bath units and two 2 bedroom/2 bath units and comes with ten gated parking spaces. Well maintained building already has been seismic earthquake retrofitted. Property has easy access to the Metro Red Line, 101, 10, and 110 freeway and close to Los Feliz, Silver Lake, and DTLA. Market rents would give this property a potential 11.9 GRM and 5.7% Cap. Don't miss out on this opportunity to improve on this gem!

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-24T09:42:31.497. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.searchdesertrealestate.com/homes/116888845
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    5632 Lexington Ave Los Angeles, CA 90038

    • Price: $2,395,000
    • Status: Active
    • Updated: 48 min ago
    • MLS #: 21-722344
    12
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    7,368
    SQFT
    $325
    $/SQFT
    1962
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    Great opportunity to own a ten unit property in up-and-coming located East Hollywood. Property has not been on the market for 50 years and has huge upside potential! Building consists of eight 1 bedroom/1bath units and two 2 bedroom/2 bath units and comes with ten gated parking spaces. Well maintained building already has been seismic earthquake retrofitted. Property has easy access to the Metro Red Line, 101, 10, and 110 freeway and close to Los Feliz, Silver Lake, and DTLA. Market rents would give this property a potential 11.9 GRM and 5.7% Cap. Don't miss out on this opportunity to improve on this gem!
    Exterior Features

    Carport Spaces Total 10 Covered Parking 10 Cross Streets Santa Monica And Western Direction Faces East Entry Location Ground Level W/Steps Exterior Construction ConcreteStucco Garage Structures Total 1 Levels Two Lot Description Fenced YardFencedLawnFront Yard Lot Location City Lot Size Area 7499 Other Structures None Parking Garage Community GarageControlled Entrance Patio Features None Paved YN Yes Pool Description None Pool YN No Roof FlatRolled/Hot Mop Spa None Spa YN No Sprinklers Front Style Low Rise Tennis Court None Tennis YN No Total Parking 10 View Description City View YN Yes Water Frontage None

    Interior Features

    Bathroom Features Shower Over Tub Baths Total 12.00 Common Walls Attached Cooking Appliances Free Standing GasOven-ElectricRange Hood Cooling Window Unit(S)Air Conditioning Den No Dining Room No Equipment DryerWasher Family Room No Fireplace Rooms None Flooring CarpetWood Under CarpetHardwood Foundation Details Quake Bracing Heating Wall Gas Interior Features Common Walls Kitchen Features Ceramic Counters Laundry GarageCommunityLaundry AreaRoom Laundry Equipment Lease Rooms Walk-In Closet Water Heater Features Central Water Heater

    Property Features

    ADACompliance No Alley YN No Amenities None Assessed Total Value 266953 Disability Access None Entry Floor Number 1 Gross Income 97236 Gross Operating Income 97236 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Like Units5 5 Like Units6 6 Net Operating Income 55084.00 Number Of Buildings 1 Number Of Units 10 Owner Pays GardenerWater Rent Control YN Yes Sale Type Standard Security Features Automatic Gate Sewer In Connected And Paid Source Living Area Assessor Source Lot Size Area Vendor Enhanced Tenant Pays GasElectricity Total Annual Expense 42152 Type Of Units Attached Water District Water Heaters YN Yes Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Will Tiao DRE#01918965 of The Collective Realty.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-06-24T09:42:31.497. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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