$4,200,000 USD
213-387-3456
HIGHLIGHTS
- Prime Location: Close to entertainment and business hubs in Hollywood. In Opportunity Zone
- Upgraded Features: Copper plumbing throughout, a newer roof (2019), and updated windows (2015).
- Parking Advantage: Rare for the area—one parking space per unit (21 total spaces).
- Recent Improvements: Newer cement driveway and parking area (2016), earthquake retrofit completed (2016). Newer water heater (2017).
- Income Potential: Approximately 32% upside in rents.
- Additional Revenue: Leased laundry and dry machines generate approximately $250 per month.
OVERVIEW
Total Commercial Inc. is pleased to present an exceptional investment opportunity in the heart of Hollywood. This well-maintained 21-unit apartment building is situated near key attractions such as the STEM Academy of Hollywood, Netflix HOME Theater, and the vibrant Hollywood district.
Please email me at Brian@TcomApts.com to get the Operating Memorandum.
FOR SALE DETAILS
PRICE
$4,200,000 USD
PRICE/SF
$350 USD /SF
# OF UNITS
21
PRICE/UNIT
$200,000
CAP RATE
5%
% LEASED
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
5661 Lexington Ave
PROPERTY TYPE
Multi-Family
APARTMENT STYLE
Low-Rise
PROPERTY SUBTYPE
Apartments
TOTAL BUILDING SIZE
-
STORIES
2
YEAR BUILT
1968
PARKING SPACES
21
LAND DETAILS
LAND ACRES
0.34 AC
LAND SF
14,810 SF
ZONING
R4-2, Los Angeles
APN/PARCEL ID
5536-004-034
ASK ABOUT THIS PROPERTY
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213-387-3456
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213-387-3456
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