Los Angeles, CA 90038,5828 Lexington AVE
Los Angeles, CA 90038,5828 Lexington AVE
Los Angeles, CA 90038,5828 Lexington AVE
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Terrance Scotton

Terrance Scotton

+1(626) 788-9299
$1,150,000
Est. payment /mo
9 Beds
6 Baths
3,870 SqFt
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Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 3,870 sqft

Price per Sqft $297

MLS Listing ID 25605843

Bedrooms 9

HOA Y/N No

Year Built 1920

Lot Size 7,501 Sqft

Property Description

5828 Lexington Ave offers an incredible Hollywood investment opportunity with a 6-unit property on a large 7,500 SF lot. The front house features a charming 2-bedroom, 1-bath residence, complemented by five additional units in the rear comprised of a mix of one-bedroom and two-bedroom apartments. With a total building size of 3,870 SF, this property represents one of the lowest cost entry points in the area at just $1,195,000, making it one of the cheapest price-per-unit offerings available.Currently under market rents, the property provides investors with an attractive 68% rental upside. The LAR3 zoning also adds long-term redevelopment potential. This creates a value-add opportunity for investors to improve the property and increase income.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LAR3

Interior

Heating None

Fireplace No

Laundry Common Area

Exterior

Parking Features None

Pool None

View Y/N No

View None

Total Parking Spaces 6

Private Pool No

Building

Story 2

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5534018021

Special Listing Condition Standard

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CRMLS – RECore
Listed by Chase Simonton RE/MAX One

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Terrance Scotton

Terrance Scotton

+1(626) 788-9299

Real Estate Broker and Mortgage Broker | License ID: 01707848 NMLS: 908256

Real Estate Broker and Mortgage Broker License ID: 01707848 NMLS: 908256

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