5642 Lexington AVE Save Request In-Person Tour Request Virtual Tour
Los Angeles,CA 90038
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID SB25181306
Year Built 1956
Lot Size 7,100 Sqft
Property Sub-Type Multi Family
Property Description
Prime Hollywood 8-Unit Apartment Building with (7) 1 Bedroom and 1 Bathroom Units and (1) 2 Bedroom and 1 bathroom Unit with 5 carport parking spaces and 2 uncovered spaces. Excellent Investment Opportunity! Welcome to 5642 Lexington Avenue, a rare opportunity to own an 8-unit multi-family property in the heart of Hollywood. This well-maintained building offers a diverse mix of units with strong rental income potential in one of Los Angeles' most dynamic and sought-after rental markets. All balconies have been retrofitted per code and the building has a newer composition shingle roof. Situated on a 7,099 sq. ft. lot, the property features ample on-site parking for residents, community laundry facilities, and a secure, low-maintenance setting. Each unit has long term tenants who are all on month to month lease agreements and each unit is individually metered for gas and electricity, maximizing investor flexibility and reducing operating costs. Located just minutes from Sunset Boulevard, Paramount Studios, the Hollywood Media District, and countless restaurants, shopping, and entertainment options, this property boasts a walkable location with easy freeway access. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in an A+ rental location, 5642 Lexington Ave is a must-see.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR3
Interior
Heating Natural Gas,Wall Furnace
Cooling None
Inclusions Stoves
Laundry Common Area,Washer Hookup,Inside,Laundry Room,Outside
Exterior
Fence Chain Link,Good Condition,Wrought Iron
Utilities Available Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Available,Sewer Connected,Water Available,Water Connected
Roof Type Composition,Shingle
Building
Lot Description Front Yard,Lawn,Rectangular Lot,Street Level,Value In Land,Walkstreet,Yard
Story 2
Water Public
Others
Acceptable Financing Cash,Cash to New Loan,Conventional,Trust Conveyance
Listing Terms Cash,Cash to New Loan,Conventional,Trust Conveyance
Special Listing Condition Standard,Trust
Virtual Tour https://www.youtube.com/watch?v=kn4sWhAoU1w