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5661 Lexington Ave
Los Angeles, CA 90038
5661 Lexington Ave · Multifamily Property For Sale
·
21 Units
Investment Highlights
- Prime Location: Close to entertainment and business hubs in Hollywood.
- Parking Advantage: One parking space per unit
- Income Potential: Approximately 32% upside in rents.
- Upgraded Features: Copper plumbing throughout, a newer roof (2019), and updated windows (2015)
- Recent Improvements: Newer cement driveway and parking area (2016), earthquake retrofit completed (2016)
- Additional Revenue: Leased laundry and dry machines generate approximately $250 per month
Property Facts
| No. Units | 21 | Building Size | 12,000 SF |
| Property Type | Multifamily | Average Occupancy | 100% |
| Property Subtype | Apartment | No. Stories | 2 |
| Apartment Style | Low-Rise | Year Built | 1968 |
| Building Class | C | Parking Ratio | 1.75/1,000 SF |
| Lot Size | 0.34 AC | ||
| Zoning | R4-2, Los Angeles - In Opportunity Zone | ||
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 12,000 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.75/1,000 SF |
| Zoning | R4-2, Los Angeles - In Opportunity Zone |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Security System
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 21 | - | - |
Property Taxes
| Parcel Number | 5536-004-034 | Improvements Assessment | $1,428,000 |
| Land Assessment | $2,040,000 | Total Assessment | $3,468,000 |
Property Taxes
Parcel Number
5536-004-034
Land Assessment
$2,040,000
Improvements Assessment
$1,428,000
Total Assessment
$3,468,000
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