7
See all 7 photos
$1,195,000
Est. payment /mo
9 Beds
5 Baths
3,870 SqFt
Active
5828 Lexington AVE Los Angeles, CA 90038
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 3,870 sqft
Price per Sqft $308
MLS Listing ID 25605843
Bedrooms 9
HOA Y/N No
Year Built 1920
Lot Size 7,501 Sqft
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 $1,195,000, 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.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Heating None
Cooling None
Fireplace No
Exterior
Parking Features None
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5534018021
Special Listing Condition Standard
Listed by Chase Simonton RE/MAX One
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