Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

8

Building size

6,652 sqft

Lot size

7,503 sqft

Year built

1969

Stories

0

Heating

Wall Furnace

Cooling

Wall/Window Unit(s)

Status

Active

Days on market

86

MLS #

245234759

About this property

Ideally situated 8-unit multifamily building. Located just south of Sunset Boulevard. This asset consists of a very favorable unit mix consisting of one 3 Bed/2 Bath unit, three 2 Bed/1 Bath units, and four 1 Bed/1 Bath unit. The building comes with 10 parking spaces. Current ownership has done multiple upgrades and renovated some of the units. Government-required seismic retrofitting has been completed, newer roof and paint. The building is separately metered for gas and electricity. With a walk-score of 97 Walker s Paradise and is in a short distance from highly desirable dining and entertaining destinations. . The property is easily accessible to some of the most iconic neighborhoods and sites in Hollywood and Los Angeles. With easy access to 101 Freeway, it allows for an easy commute to Downton LA, and major local Hollywood attractions such as the Hollywood Walk of Fame, Griffith Observatory, Paramount Pictures Studios, Los Angeles City College. Located two blocks away from new development ECHELON STUDIOS OF HOLLYWOOD. This property offers investors a unique opportunity to acquire a well-maintained property nested near by multiple new developments with a significate rental upside potential.

Location

5732 Lexington Avenue

Los Angeles, Los Angeles, CA, 90038