See all 9 photos

$2,900,000

Est. payment - /mo

Save

20 Baths

10,292 SqFt

Price Dropped by $150K

5737 Lexington AVE Los Angeles, CA 90038

Save

REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.

In-PersonVirtual Tour

Sat

May

Sun

Jun

Mon

Jun

The Brandon Drew Group

financing@tbdgmortgage.com +1(909) 944-8800

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,292 sqft

Price per Sqft $281

MLS Listing ID 25477487

HOA Y/N No

Year Built 1927

Lot Size 7,501 Sqft

Property Description

We are pleased to present 5737 Lexington Ave, a 20-unit multifamily investment opportunity in Hollywood located north of Santa Monica Blvd between N Van Ness Ave & Wilton Pl. The property features a unit mix of 20 singles; renovated units include hardwood floors, updated appliances, tile bathrooms, new cabinetry, and ceiling fans. At the asking price, the property is being offered at a 6.20% CAP rate at 8.75 GRM on current income with an additional 16% rental upside achievable as units turn through continued interior renovations. The property has professional landscaping and a secured, gated entrance with intercom access; significant cap ex has been invested by ownership into the systems and common areas including new security camera system, intercom, common area paint & lighting fixtures, lobby tile flooring, refinished hallway flooring, outdoor furniture, exterior facade paint, and water heater. The building is separately metered for electricity and has an on-site laundry room with two washers and two dryers. High Walk Score of 87, the property is less than a mile from the Metro Red Rail Line, and walking distance to Metro Local Lines along Santa Monica Blvd & Western Ave. This neighborhood of Koreatown is ideally located with a short commute to Los Feliz, West Hollywood, and Koreatown; easy access to the 101 Freeway via Western Ave.

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 5536005005

Special Listing Condition Standard

Listed by Neema Ahadian • Marcus & Millichap

Book an Appointment

Schedule an appointment with us to find out your options and get your questions answered!

Book Here

Apply Online

We make it easy, apply online, submit your documentation in our easy and secure platform! Once you've completed the application and uploaded your documents we will give you a call to go over your options!

Apply Here

Watch Our Class on How To Buy

We've put together a class on how to buy a home and all the different steps you will encounter thoughout the process! We've broken it down to 20 mini videos and at the end you will have a chance to get a $1,000 Closing Cost Credit that you can use when you close with us!

Watch Now