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6% Cap Rate in West Hollywood 7154 Lexington Ave 5 Unit Apartment Building $1,300,000 ($260,000/Unit) 6% Cap Rate West Hollywood, CA 90046
INVESTMENT HIGHLIGHTS
- BUILDING fully remodeled in 2005
- THREE 1BR / 1BA Units and Two Studios
- VALUE-ADD investment opportunity with approximately 13% upside in rent
- WALKSCORE OF 97 “Walker’s Paradise” adjacent to an array of Fine Dining, Shopping and Entertainment
- 6% Cap Rate
EXECUTIVE SUMMARY
We are pleased to present 7154 Lexington Avenue, a rare five unit multifamily offering located in the heart of West Hollywood, one of Los Angeles’ most desirable and supply constrained rental markets. Positioned just minutes from Hollywood and Beverly Grove, the property benefits from immediate access to premier shopping, dining, and entertainment, driving consistent tenant demand and long term rental stability.
The property features an attractive unit mix consisting of three one bedroom one bath units and two studio units. One one bedroom one bath unit will be delivered vacant, providing immediate upside through owner occupancy or rental repositioning. The building was fully renovated in 2005 and offers updated systems and modernized interiors, including hardwood floors and hand crafted cabinetry, making it a true turnkey investment.
Additional highlights include three on site parking spaces, a highly valuable amenity in this dense West Hollywood rental corridor. Offered at a 6% cap rate, 7154 Lexington Avenue presents an exceptional opportunity for investors seeking immediate cash flow, long term appreciation, and a foothold in one of Los Angeles’ most vibrant rental markets.
The property features an attractive unit mix consisting of three one bedroom one bath units and two studio units. One one bedroom one bath unit will be delivered vacant, providing immediate upside through owner occupancy or rental repositioning. The building was fully renovated in 2005 and offers updated systems and modernized interiors, including hardwood floors and hand crafted cabinetry, making it a true turnkey investment.
Additional highlights include three on site parking spaces, a highly valuable amenity in this dense West Hollywood rental corridor. Offered at a 6% cap rate, 7154 Lexington Avenue presents an exceptional opportunity for investors seeking immediate cash flow, long term appreciation, and a foothold in one of Los Angeles’ most vibrant rental markets.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
| Price | $1,300,000 | Property Subtype | Apartment |
| Price Per Unit | $260,000 | Apartment Style | Mid-Rise |
| Sale Type | Investment | Lot Size | 0.07 AC |
| Cap Rate | 6% | Building Size | 2,104 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| Gross Rent Multiplier | 11.42 | No. Stories | 2 |
| No. Units | 5 | Year Built | 1953 |
| Property Type | Multifamily | ||
| Zoning | R3 - restricted Density Multiple Dwelling | ||
| Price | $1,300,000 |
| Price Per Unit | $260,000 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Sale Condition | 1031 Exchange |
| Gross Rent Multiplier | 11.42 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Lot Size | 0.07 AC |
| Building Size | 2,104 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1953 |
| Zoning | R3 - restricted Density Multiple Dwelling |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 2 | $1,725 | 350 |
| 1+1 | 3 | $2,267 | 500 |
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Walk Score®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 5531-009-011 | Total Assessment | $2,431,826 |
| Land Assessment | $1,450,172 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $981,654 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
5531-009-011
Land Assessment
$1,450,172
Improvements Assessment
$981,654
Total Assessment
$2,431,826
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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6% Cap Rate in West Hollywood | 7154 Lexington Ave
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