5828 Lexington Avenue, Los Angeles, CA 90038
- $1,095,000
- 9
- BD
- 6
- BA
- 3,870
- SqFt
- List Price
- $1,095,000
- Price Change
- ▼ $55,000 1771896151
- Status
- ACTIVE UNDER CONTRACT
- MLS#
- 25605843
- Year Built
- 1920
- Bedrooms
- 9
- Bathrooms
- 6
- Living Sq. Ft
- 3,870
- Lot Size
- 7,502
- Acres
- 0.17
- Days on Market
- 291
- Property Type
- Multifamily
- Stories
- Two Levels
Property Description
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 $1,095,000, 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.
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Additional Information
- Pool Description
- None
- Heat
- None
- View
- None
- Attached Structure
- Detached
- Number Of Units Total
- 6
Listing courtesy of Listing Agent: Chase Simonton (Chase@RemaxOneCommercial.com) from Listing Office: RE/MAX One.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.