We are pleased to present 5737 Lexington Ave, a 20-unit multifamily investment opportunity in Hollywood located north of Santa Monica Blvd between N Van Ness Ave & Wilton Pl. The property features a unit mix of 20 singles; renovated units include hardwood floors, updated appliances, tile bathrooms, new cabinetry, and ceiling fans. At the asking price, the property is being offered at a 5.92% CAP rate at 9.12 GRM on current income with an additional 16% rental upside achievable as units turn through continued interior renovations. The property has professional landscaping and a secured, gated entrance with intercom access; significant cap ex has been invested by ownership into the systems and common areas including new security camera system, intercom, common area paint & lighting fixtures, lobby tile flooring, refinished hallway flooring, outdoor furniture, exterior facade paint, and water heater. The building is separately metered for electricity and has an on-site laundry room with two washers and two dryers. High Walk Score of 87, the property is less than a mile from the Metro Red Rail Line, and walking distance to Metro Local Lines along Santa Monica Blvd & Western Ave. This neighborhood of Koreatown is ideally located with a short commute to Los Feliz, West Hollywood, and Koreatown; easy access to the 101 Freeway via Western Ave.
Property Details
Price:
$3,050,000
MLS #:
25477487
Status:
Active
Baths:
0
Address:
5737 Lexington Avenue
Type:
Residential Income
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Dec 16, 2024
State:
CA
ZIP:
90038
Lot Size:
7,502 sqft / 0.17 acres (approx)
Year Built:
1927
See this Listing
Mortgage Calculator
Schools
Interior
Cooling
None
Heating
None
Exterior
Parking Features
None
Parking Spots
0.00
Financial
Map
Community
- Address5737 Lexington Avenue Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90038
Similar Listings Nearby
- 4942 Maplewood Avenue
Los Angeles, CA$3,950,000
0.93 miles away
- 810 S St Andrews Place
Los Angeles, CA$3,950,000
2.45 miles away
- 2204 Carmona Avenue
Los Angeles, CA$3,950,000
4.71 miles away
- 966 Sanborn Avenue
Los Angeles, CA$3,950,000
1.91 miles away
- 1000 N Serrano Avenue
Los Angeles, CA$3,900,000
0.59 miles away
- 6689 Emmet Terrace
Los Angeles, CA$3,895,000
1.52 miles away
- 639 N Alexandria Avenue
Los Angeles, CA$3,890,000
1.20 miles away
- 827 Mariposa Street
Glendale, CA$3,850,000
4.74 miles away
- 1256 W Adams Boulevard
Los Angeles, CA$3,850,000
4.45 miles away
- 2042 N Cahuenga Boulevard
Los Angeles, CA$3,800,000
1.40 miles away

5737 Lexington Avenue
Los Angeles, CA
LIGHTBOX-IMAGES