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5522 Lexington Ave
Los Angeles, CA 90038 Hollywood

$1,700,000 USD

Apartments For Sale  •  6,133 SF

Property Details

• Property Type Apartments
• Total Building Size 6,133 SF
• Lot Size 0.17 AC
• Building Class C
• Year Built 1962
• Cap Rate 4.42 %
• Zoning R4-1VL

80 Transit Score

80 Walk Score

Highlights

Value-add opportunity with approximately 57% rental upside to market levels.

10-unit mix of studios, one-bedroom, and two-bedroom units for broad appeal.

Prime Hollywood location near major employers, entertainment, and retail.

Projected NOI growth from ±$75K to ±$156K at stabilization for strong returns.

Offered at $150K–$170K per unit, below replacement cost in a high-demand market.

100% occupied, providing immediate cash flow and gradual rent increase potential.

Cap Rate:

4.42 %

Amenities

• Air Conditioning
• Controlled Access
• Tenant Controlled HVAC
• Heating
• Recycling
• Smoke Free
• Kitchen
• Refrigerator
• Oven
• Range
• Tub/Shower
• Smoke Detector

Public Transportation

Commuter Rail	Drive	Walk	Distance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	11 min	-	4.9 mi
	9 min	-	5.3 mi
Transit/Subway	Drive	Walk	Distance
Hollywood/Western Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	13 min	0.7 mi
Airport	Drive	Walk	Distance
Bob Hope	18 min	-	9.8 mi
Los Angeles International	29 min	-	15.0 mi
Long Beach (Daugherty Field)	38 min	-	27.8 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	4
Type:	Surface
Included in Rent:	Yes