5828 Lexington Avenue

Los Angeles CA 90038

3870 sq. ft.

7502 sq. ft.

Other

Currently for sale - view listing

Overview

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 $1,095,000, 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.

Features

9 bedrooms

6 bathrooms

6 carspaces

3870 sq. ft. floor area

7502 sq. ft. lot size

Other

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