5737 Lexington Ave Los Angeles, CA 90038

Other Residence

Beds

20 Baths

10,292 Sq. Ft.

0.17 Acre Lot

Property Activity

Time on Site

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Days on Market

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Last updated on 1/8/2025 7:57 PM

Listing Details

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 5.92% CAP rate at 9.12 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. Continue reading

MLS#

25-477487

Property Type

Other

Bathrooms

Year Built

1927

Square Feet

10,292 sq. ft

Price per Sq. Ft.

$296.35

Lot Size