6454 Lexington Ave - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$3,800,000 USD
310-621-8221
6454 Lexington Ave, Los Angeles, CA for Sale
$3,800,000 USD
Apartments - FOR SALE
1/32
null | Request Cap Rate

6454 Lexington Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Extremely Low Cost Per Unit at $180,952
  • Ideal Unit Mix of Mostly Large One Bedrooms
  • Low Cost Per Square Foot of $222.64 & 11.76 GRM
  • Massive Rental Upside—Average Current Rent $1,202
  • Private Garages—Potential ADU Conversions

OVERVIEW

Situated in the Hollywood neighborhood, 6454 Lexington Ave Apartments consists of 21 units. 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. 6454 Lexington Ave Apartments offers 2 studio/one-bath apartments each measuring approximately 500 square feet, 18 one-bed/one-bath apartments each measuring approximately 825 square feet, and 1 two-bed/one-bath apartment measuring approximately 1,000 square feet. The average unit size is approximately 802 square feet. Unique to the property is 10 double garages. These units can be separately leased and there is a potential to convert some of them into ADUs.

FOR SALE DETAILS

PRICE

$3,800,000 USD

PRICE/SF

$223 USD /SF

# OF UNITS

21

PRICE/UNIT

$180,952

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

$180k Per Unit & 11.7 GRM-1950's in Hollywood

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1956

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,129 SF

ZONING

R4-2, Los Angeles

APN/PARCEL ID

5533-009-004

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.