Neema Ahadian
This listing was posted on RealtyWW.
$7,995,000
Lexington Ave, Los Angeles, Home For Sale
Price:
$7,995,000
BR/BA:
8 BR, 10+ BA
Location:
5406 Lexington Ave, Los Angeles, CA
Description:
5406 Lexington Ave is a 42-unit multifamily investment opportunity located just off of the 101 Freeway between Fountain Ave and Santa Monica Blvd in Hollywood. The property features a unit mix of 34 singles and 8 one-bedrooms; three singles will be delivered vacant; renovated units include new cabinetry, vinyl-plank flooring, stainless-steel appliances, tile bathrooms, new paint, and wall AC's; ownership has spent $447k on interior unit renovations since 2021; many of the units also feature exposed brick. Additionally, the property includes the adjacent 4, 687 SF lot currently used for parking; there are 14 parking spaces in the gated lot. At the asking price, the property is being offered at a 5.54% CAP rate at 10.39 GRM on current income with an additional 14% rental upside achievable as units turn through continued interior renovations. There is significant additional income with RUBS in place, as well as internet service. The property has a secured, gated entrance with intercom access. High Walk Score of 91, the property is walking distance to the Metro B Rail Line, and multiple Metro Local Lines along Fountain Ave and Santa Monica Blvd. The property is ideally located with a short commute to Koreatown, Los Feliz, Silver Lake, Echo Park, and Downtown Los Angeles. APNs: 5537-006-002 and5537-006-001For more details: https://realtyww.info/homes_los-angeles-d523223/for-sale_i73424170
Property Type:
Single-Family Houses
Sq feet:
687 sq. ft.
Amenities:
AC, Gated, Internet Access, Parking
Posted:
June 27 on RealtyWW
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More About this Listing: Lexington Ave, Los Angeles, Home For Sale
Lexington Ave, Los Angeles, Home For Sale is a Eight Bedroom 10 Bathroom, 10+ BA, 42 Bathroom Single-Family Homes for Sale at 5406 Lexington Ave in Los Angeles CA. Find other listings like Lexington Ave, Los Angeles, Home For Sale and listings near 5406 Lexington Ave by searching Oodle Classifieds for Eight Bedroom 10 Bathroom, 10+ BA, 42 Bathroom Single-Family Homes for Sale in Los Angeles CA.
Lexington Ave, Los Angeles, Home For Sale is a Eight Bedroom 10 Bathroom, 10+ BA, 42 Bathroom Single-Family Homes for Sale at 5406 Lexington Ave in Los Angeles CA. Find other listings like Lexington Ave, Los Angeles, Home For Sale and listings near 5406 Lexington Ave by searching Oodle Classifieds for Eight Bedroom 10 Bathroom, 10+ BA, 42 Bathroom Single-Family Homes for Sale in Los Angeles CA.