5342 Lexington Avenue
Los Angeles, CA 90029
Map
- – beds
- – baths
- – sqft
- 7,503 sqft lot
- 1963 build
- – on site
We are pleased to present 5342 Lexington Avenue, a ten-unit multifamily investment opportunity located in the Little Armenia neighborhood of East Hollywood. This value-add asset will provide the next investor with the opportunity to capture over 38% of rental upside through an interior renovation program and over 57% of rental upside with the addition of ADU income. Constructed in 1963, 5342 Lexington Avenue comprises eight one-bedroom/one-bathroom units, two two-bedroom/one-bathroom units, one non-conforming studio unit, and one non-conforming one-bedroom/one-bathroom unit. Sitting on a 7,500 square foot lot, the parcel is zoned RD1.5XL, making the existing ten units irreplaceable with the current zoning. The roughly 8,034 square feet of improvements boast an average unit size of 800 square feet. All units are individually metered for gas and electricity, and the property provides tenants with an on-site laundry, a central water heater, and eleven parking spaces. Other capital improvements include soft story retrofitting, new railings, and repaired walkways. The non-conforming studio and one bedroom unit have been fully renovated and are currently vacant. A new investor will have the opportunity to convert these non-conforming units to ADUs. A one-bedroom unit will also be delivered vacant at the close of escrow. Situated north of Santa Monica Blvd. and west of Hobart, 625 E. Chestnut is within proximity to multiple bus stops along Santa Monica Blvd. and Western Ave. and within a mile from the Santa Monica/Western and the Western/Sunset rail stations. For commuters, the property is conveniently located near the 101 freeway and provides tenants with ease of access throughout all of Los Angeles. The area is one of the most densely populated neighborhoods in Los Angeles with consistently high rental demand for apartment units.
Last checked:
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Last updated Jun 23, 2025
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MLS# 25555931 —
The Building
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Year Built:1963
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New Construction:No
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Building Area Total:8034.00
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Total Number Of Units:10
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# of Buildings:1
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Stories Total:3
Interior
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Features:Ceiling Fan(s)
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Levels:Three Or More
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Laundry:Individual Room
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Laundry:1
Location
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Directions:101 south to Western Ave. Take exit 7 toward CA-2 W/Western Ave/Santa Monica Blvd, Continue onto Exit 7. Take N Western Ave and La Mirada Ave to Lexington Ave, Turn left onto Lexington Ave, Turn left onto N Western Ave, Turn right onto La Mirada Ave, Turn right onto Serrano Ave, Turn left onto Lexington Ave. Property will be on the right.
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Latitude:34.09264300
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Longitude:-118.30612400
The Property
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Property Type:Residential Income
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Zoning:LARD1.5
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Lot Size Area:7503.0000
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Lot Size Dimensions:55x183
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Lot Size Acres:0.1722
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Lot Size SqFt:7503.00
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Special Listing Conditions:Standard
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Parcel Number:5537007004
Heating & Cooling
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Heating:1
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Heating:Wall Furnace
Appliances
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Appliances:Range, Oven
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Included:Yes
The Community
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Association:No
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Pool:None
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Senior Community:No
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Private Pool:No
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Spa Features:None
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Assessments:No
Parking
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Parking:Yes
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Parking:Covered, Gated
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Parking Spaces:11.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
6/23/25
Jun 23, 2025
|
Listed / Active | CRMLS_CA | $2,300,000 |
