The investment you have been waiting for in the heart of Hollywood! Welcome to 6459 Lexington Avenue, a charming income-producing triplex with solid rents and great tenants. Running from Lexington Ave to La Mirada Ave, the units include 1210 Wilcox Ave (2 bed, 1 bath, roughly 860 SF), 1204 Wilcox Ave (1 bed + office, 1 bath, roughly 726 SF), and 1216 Wilcox Ave (1 bed, 1 bath, roughly 486 SF). Each unit is thoughtfully designed with functionality and privacy in mind' each enjoying their own laundry, private patio, and designated parking' while the 2-bedroom unit (1210) includes an exclusive private yard – a rare perk in city living! Some recent upgrades include 2 remodeled kitchens, a remodeled bathroom, new floors, 3 sub-meters for the water and power, and more. Tenants pay for ALL utilities except landscaping, generating a whopping $7,286/month in rents! This well-maintained property offers solid in-place income and one of the best cap rates to hit the market in the area, making it ideal for investors, 1031 exchanges, or owner-occupants looking to offset their mortgage. Avoid vacancies and hard-to-find tenants in an area thriving with employment opportunities, convenience, action, amazing weather, and desirability. Hollywood is a top employment hub for entertainment, tech, media, and hospitality, supporting a resilient tenant pool with strong earning potential – located just blocks from Paramount Studios, the future Echelon Studios campus, Netflix headquarters, and much more. Walkscore.com gives the property a 97 walk score rating, 100 transit score, and 83 bikeable score, with easy access to the 101 Freeway and Red Line Metro' allowing tenants to benefit from convenient access to coffee shops, gyms, restaurants, and transit. Surrounding development and steady economic growth have helped Hollywood consistently outperform many LA submarkets in property appreciation. Add in the year-round sunshine, and you’ve got an opportunity that checks every box for stability, lifestyle, and upside! Don’t miss your chance to own a versatile, turnkey triplex in one of LA’s most iconic and dynamic neighborhoods.
Property Details
Price:
$1,380,000
MLS #:
PV25112835
Status:
Active
Baths:
0
Address:
6459 Lexington Avenue
Type:
Residential Income
Subtype:
Triplex
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
May 20, 2025
State:
CA
ZIP:
90038
Lot Size:
4,711 sqft / 0.11 acres (approx)
Year Built:
1977
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Fireplace Features
Living Room
Flooring
Laminate
Exterior
Community Features
Sidewalks
Garage Spaces
0.00
Lot Features
0-1 Unit/ Acre
Parking Features
Assigned, Concrete, Gravel, Gated, On Site, Parking Space
Parking Spots
3.00
Pool Features
None
Sewer
Public Sewer
Stories Total
1
Water Source
Public
Financial
Association Fee
0.00
Tenant Pays
All Utilities, Cable T V, Electricity, Gas, Trash Collection, Water
Map
Community
- Address6459 Lexington Avenue Los Angeles CA
- AreaC20 – Hollywood
- CityLos Angeles
- CountyLos Angeles
- Zip Code90038
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6459 Lexington Avenue
Los Angeles, CA
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