5510 Lexington Ave - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$2,350,000 USD
310-621-8221
5510 Lexington Ave, Los Angeles, CA for Sale
$2,350,000 USD
Apartments - FOR SALE
1/21
null | 5.16% Cap Rate

5510 Lexington Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • JUST LISTED AT $117,500 PER UNIT & 8.75 GRM!

OVERVIEW

JUST LISTED AT $117,500 PER UNIT & 8.75 GRM! Lamlex Lexington is a 20-unit apartment community constructed in 1925. Situated in the Hollywood submarket, the property consists of (16) Studio/One-Bathroom units and (4) One-Bedroom/One-Bathroom units, totaling 480 square feet per unit. The units are separately metered for gas and electric. The property is located minutes away from two major thoroughfares, Santa Monica Blvd, Sunset Blvd, and the 101 Freeway. Residents benefit from the short commute to Downtown Los Angeles and the walking distance to all nearby amenities along Sunset Strip and Santa Monica Blvd.

FOR SALE DETAILS

PRICE

$2,350,000 USD

PRICE/SF

$197 USD /SF

# OF UNITS

20

PRICE/UNIT

$117,500

CAP RATE

5.16%

% LEASED

95%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

5510 Lexington-$117k/Unit & 8.75 GRM!

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.2 AC

LAND SF

8,712 SF

ZONING

C2-2, Los Angeles

APN/PARCEL ID

5536-008-005

ASK ABOUT THIS PROPERTY

Brent SprenkleNorthmarqMore Info
310-621-8221

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Brent SprenkleNorthmarqMore Info
310-621-8221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.