CA > Los Angeles
Los Angeles, CA 90038,5828 Lexington AVE
Los Angeles, CA 90038,5828 Lexington AVE
Los Angeles, CA 90038,5828 Lexington AVE
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Diego Magdaleno

Diego Magdaleno

+1(714) 676-7271
$1,195,000
Est. payment /mo
9 Beds
5 Baths
3,870 SqFt
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UPDATED:

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

HOA Y/N No

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

Fireplace No

Exterior

Parking Features None

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5534018021

Special Listing Condition Standard

Read Less Info
CRMLS – RECore
Listed by Chase Simonton RE/MAX One
Diego Magdaleno

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