5716 Lexington Avenue
Los Angeles, CA 90038
- – beds
- – baths
- – sqft
- 7,500 sqft lot
- 1993 build
- – on site
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This 8 Units is located in the heart of Hollywood neighborhood. The property was built in 1993, consisting of four (4) two Bdrms/1.5 Bath and four (4) Three Bdrms/ 2 Baths. All units are separately metered for gas & electric. Only one unit- #2 is a Sec 8 rental. The other 7 units the current rental rates are within 10% of the market rates. The building is comprised of one two-story building above a subterranean garage, gated & secure parking structure with 16 spaces. Additional amenities include of a laundry room with building owner washer/dryer and control access entry from the units. The property has been very well maintained by the current long-term owner, 3 units have had high-end renovation with upgrades consisting of kitchen appliances, bathrooms, flooring & fixtures. This building presents an opportunity for an investor to maintain a very stable income stream; existing tenants have lived there on the average of over 6 years, rents have been maintained near market rate. Property is being sold in it “as in” condition.
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Last updated Apr 20, 2023
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MLS# PW21242578 —
Walk Score®
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Soundscore™
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Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
2/4/22
Feb 4, 2022
|
Sold | CRMLS_CA | $3,150,000 | -4.1% |
|
11/26/21
Nov 26, 2021
|
Pending | CRMLS_CA | $3,285,000 | |
|
11/4/21
Nov 4, 2021
|
Listed / Active | CRMLS_CA | $3,285,000 |