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$ 1,095,000
Est. payment | /mo
3,870 SqFt
$ 1,095,000
Est. payment | /mo
3,870 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 3,870 sqft
Price per Sqft $282
MLS Listing ID CL25605843
HOA Y/N No
Year Built 1920
Lot Size 7,502 Sqft
Acres 0.17
Property Sub-Type Other
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.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Heating None
Fireplace No
Laundry Common Area
Exterior
View Y/N false
View None
Building
New Construction No
Others
Tax ID 5534018021
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Listed by Chase Simonton • RE/MAX One
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Patrick Nagel
REALTOR® | Lic# 1760790