5828 Lexington AVE Active Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90038
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
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
Exterior
Parking Features None
Building
New Construction No
Others
Special Listing Condition Standard