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5737 Lexington Ave
Los Angeles, CA 90038
Lexington Ave Apartments · Multifamily Property For Sale
·
20 Units
Investment Highlights
- Marcus & Millichap is pleased to present 5737 Lexington Ave, a 20-unit multifamily investment opportunity in Hollywood
- At the asking price, the property is being offered at a 6.20% CAP rate at 8.75 GRM on current income with an additional 16% rental upside
- The building is separately metered for electricity and has an on-site laundry room with two washers and two dryers
- The property features a unit mix of 20 singles
- The property has professional landscaping and a secured, gated entrance with intercom access; significant cap ex has been invested by ownership
Property Facts
| No. Units | 20 | Lot Size | 0.17 AC |
| Property Type | Multifamily | Building Size | 10,292 SF |
| Property Subtype | Apartment | Average Occupancy | 100% |
| Apartment Style | Low-Rise | No. Stories | 2 |
| Building Class | C | Year Built | 1927 |
| Zoning | LAR3 - multiple dwelling zone | ||
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 10,292 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1927 |
| Zoning | LAR3 - multiple dwelling zone |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- Laundry Facilities
- Property Manager on Site
- Gated
- Online Services
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 20 | - | 515 |
Property Taxes
| Parcel Number | 5536-005-005 | Improvements Assessment | $780,861 |
| Land Assessment | $2,900,347 | Total Assessment | $3,681,208 |
Property Taxes
Parcel Number
5536-005-005
Land Assessment
$2,900,347
Improvements Assessment
$780,861
Total Assessment
$3,681,208
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