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    5836 Lexington Ave

    Los Angeles, CA 90038
    • $2,390,000
    • STATUS: Active
    • ON SITE: 11 days
    • MLS #: 21-783030
    UPDATED: 65 min ago
    $2,390,000
    • 9
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 6,026
      SQFT
    • $397
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1956
    County:
    Area:

    School Ratings & Info

    Description

    5836 Lexington Ave is an 8 unit income producing, multi-family property in the heart of Hollywood, one of the most desirable submarkets in Los Angeles. The asset boasts a diverse unit mix of 2 and 1 Bedroom, and Studio units. This particular pocket of Hollywood is near the Hollywood Hills, the famed Griffith Observatory, and minutes from all major attractions and nightlife of downtown Hollywood, such as the TCL Chinese Theatre, and the Hollywood Walk of Fame. The location, type of units offered, and the well maintained condition of the asset will attract a wide variety of qualified tenants, allowing the astute investor to capture the considerable 52% UPSIDE left throughout the rents. The property is fully occupied, please do not disturb the tenants.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T09:42:32.623. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.jelmbergteam.com/homes/121382691
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    5836 Lexington Ave Los Angeles, CA 90038

    • Price: $2,390,000
    • Status: Active
    • Updated: 65 min ago
    • MLS #: 21-783030
    9
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    6,026
    SQFT
    $397
    $/SQFT
    1956
    Built
    Neighborhood:
    Hollywood
    County:
    Los Angeles
    Area:
    Hollywood
    Property Description
    5836 Lexington Ave is an 8 unit income producing, multi-family property in the heart of Hollywood, one of the most desirable submarkets in Los Angeles. The asset boasts a diverse unit mix of 2 and 1 Bedroom, and Studio units. This particular pocket of Hollywood is near the Hollywood Hills, the famed Griffith Observatory, and minutes from all major attractions and nightlife of downtown Hollywood, such as the TCL Chinese Theatre, and the Hollywood Walk of Fame. The location, type of units offered, and the well maintained condition of the asset will attract a wide variety of qualified tenants, allowing the astute investor to capture the considerable 52% UPSIDE left throughout the rents. The property is fully occupied, please do not disturb the tenants.
    Exterior Features

    Cross Streets LexingtonBetween Bronson And N Van Ness Lot Size Area 7500 Other Structures Accessory Bldgs Parking Garage Carport Total Parking 7

    Interior Features

    Baths Total 8.00 Cooling None Equipment None Heating None

    Property Features

    Assessed Total Value 627986 Gross Income 121548 Gross Operating Income 117902 Like Units1 1 Like Units2 1 Like Units3 1 Like Units4 1 Like Units5 1 Like Units6 1 Net Operating Income 62148.00 Number Of Buildings 1 Number Of Units 8 Rent Control YN Yes Sale Type Standard Source Living Area Assessor Source Lot Size Area Assessor Source Lot Size Dimensions Assessor Total Annual Expense 55754 Type Of Units Apartments Year Built Source Assessor Zoning Lar3

    Listing provided courtesy of Chase Simonton DRE#01766871 of Re/Max One.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-09-25T09:42:32.623. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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