6815 Lexington Ave - Apartments FOR SALE


Los Angeles, CA 90038
$1,550,000 USD
323-216-2168
6815 Lexington Ave, Los Angeles, CA for Sale
$1,550,000 USD
Apartments - FOR SALE
1/8
null | 5% Cap Rate

6815 Lexington Ave
Los Angeles, CA 90038


HIGHLIGHTS

  • All units are separately metered for gas and electricity.
  • Corner lot with 2 independent structures.
  • Approximately 10% of potential rental upside.

OVERVIEW

6815 Lexington Avenue is a 5 unit multifamily property in Hollywood that is on the market for the first time since 1999. The property consists of a four unit structure and a separate, standalone house that was recently renovated and fully legalized as an ADU. Although it was originally built in 1923, the property has been professionally maintained and managed for over 25 years. The five units are situated on a 4,718 SF lot at the corner of Lexington Ave. and Citrus Ave., within walking distance to Highland and Santa Monica Blvd. Its central location ensures strong rental demand and upside for the foreseeable future.

FOR SALE DETAILS

PRICE

$1,550,000 USD

PRICE/SF

$460 USD /SF

# OF UNITS

5

PRICE/UNIT

$310,000

CAP RATE

5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,356 SF

ZONING

R-4

APN/PARCEL ID

5532-006-012

ASK ABOUT THIS PROPERTY

Erick UribeSouth Park Group, Inc.More Info
323-216-2168

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Erick UribeSouth Park Group, Inc.More Info
323-216-2168

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