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5642 Lexington Ave
Los Angeles, CA 90038 Hollywood

$1,995,000 USD

Apartments For Sale • 6,094 SF

Property Details

Property Type Apartments
Total Building Size 6,094 SF
Lot Size 0.16 AC
Building Class C
Year Built 1956
Cap Rate 5.00 %
Zoning LAR3

70 Transit Score

80 Walk Score

                
                    Highlights
                
                                8-unit Hollywood value-add at only $249K/door & $327/SF — 5.0% current cap, 7.5% pro forma
                            
                                34% rent upside: 6 one-bed & 2 two-bed units on month-to-month leases, front unit fully remodeled
                            
                                Plans for 8 detached ADUs on the 7,099 SF LAR3 lot — 16 units at $163K/door all-in, 11.7% / 14.1% cap
                            
                                Directly behind Echelon Studios ($450M, 610,000 SF campus); blocks from Netflix & Paramount
                            
                                Individually metered gas & electric, newer roof, 9 on-site parking spaces, storage & updated laundry room

Property Flyers

5642_Lexington_OM_Executive_v2_5

Cap Rate:

5.00 %

Public Transportation

Commuter Rail	Drive	Walk	Distance
	11 min	-	5.1 mi
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	12 min	-	5.1 mi
Transit/Subway	Drive	Walk	Distance
Hollywood/Western Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	15 min	0.8 mi
Airport	Drive	Walk	Distance
Bob Hope	19 min	-	10.0 mi
Los Angeles International	29 min	-	14.7 mi
Long Beach (Daugherty Field)	39 min	-	27.9 mi

Parking Details

Parking Available:	Yes
Reserved:	No
Spaces Provided:	10
Type:	Covered
Included in Rent:	Yes

Armin Soleimani 310-666-2246 Global Platinum Properties

5642 Lexington Ave Los Angeles, CA 90038 Hollywood