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$ 1,450,000
Est. payment /mo
Active Under Contract
5642 Lexington AVE #5 Los Angeles, CA 90038
7,100 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Listing Status Active Under Contract
Purchase Type For Sale
MLS Listing ID 25577313
HOA Y/N No
Year Built 1956
Lot Size 7,100 Sqft
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 4 carport parking spaces with guest parking onsite - 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. Situated on a 6,250 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
Fireplace No
Laundry Common Area, Inside
Others
Tax ID 5536007010
Special Listing Condition Standard
Virtual Tour https://www.youtube.com/watch?v=kn4sWhAoU1w
Listed by Michael Berlin Redfin