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Listed by Sam Xavier • Redfin Corporation
$ 1,450,000
Est. payment /mo
Pending
5642 Lexington Avenue Los Angeles, CA 90038
6,094 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Comm Ind For Sale
Listing Status Pending
Purchase Type For Sale
Square Footage 6,094 sqft
Price per Sqft $237
MLS Listing ID CRSB25181306
HOA Y/N No
Year Built 1956
Lot Size 7,099 Sqft
Property Sub-Type Comm Ind For Sale
Source Datashare California Regional
Property Description
Prime Hollywood 8-Unit Apartment Building with (7) 1 Bedroom and 1 Bathroom Units and (1) 2 Bedroom and 1 bathroom Unit with 5 carport parking spaces and 2 uncovered spaces. Excellent Investment Opportunity! Welcome to 5642 Lexington Avenue, a rare opportunity to own an 8-unit multi-family property in the heart of Hollywood. This well-maintained building offers a diverse mix of units with strong rental income potential in one of Los Angeles’ most dynamic and sought-after rental markets. All balconies have been retrofitted per code and the building has a newer composition shingle roof. Situated on a 7,099 sq. ft. lot, the property features ample on-site parking for residents, community laundry facilities, and a secure, low-maintenance setting. Each unit has long term tenants who are all on month to month lease agreements and each unit is individually metered for gas and electricity, maximizing investor flexibility and reducing operating costs. Located just minutes from Sunset Boulevard, Paramount Studios, the Hollywood Media District, and countless restaurants, shopping, and entertainment options, this property boasts a walkable location with easy freeway access. Whether you’re looking to expand your portfolio or secure a stable, income-producing asset in an A+ rental location
Location
State CA
County Los Angeles
Interior
Heating Natural Gas, Wall Furnace
Cooling None
Fireplace No
Building
Water Public
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