7
Pending

5716 LEXINGTON AVE Los Angeles, CA 90038

$3,285,000

Bedrooms

Total Baths

Full Baths

6,808

Square Feet

0.17

Acres

1993

Year Built

Pending

Status

MLS#

PW21242578

Listed By James Mann
Coldwell Banker Platinum Prop.

This 8 Units is located in the heart of Hollywood neighborhood. The property was built in 1993, consisting of four (4) two Bdrms/1.5 Bath and four (4) Three Bdrms/ 2 Baths. All units are separately metered for gas & electric. Only one unit- #2 is a Sec 8 rental. The other 7 units the current rental rates are within 10% of the market rates. The building is comprised of one two-story building above a subterranean garage, gated & secure parking structure with 16 spaces. Additional amenities include of a laundry room with building owner washer/dryer and control access entry from the units. The property has been very well maintained by the current long-term owner, 3 units have had high-end renovation with upgrades consisting of kitchen appliances, bathrooms, flooring & fixtures. This building presents an opportunity for an investor to maintain a very stable income stream; existing tenants have lived there on the average of over 6 years, rents have been maintained near market rate. Property is being sold in it “as in” condition.

Details


Interior
Living Area
6,808 SqFt.

Building And Construction
Number Of Units Total
8
Property Sub Type
Multi Family
Property Type
Residential Income
Year Built
1993

Exterior And Lot
Lot Size Acres
0.1722
Lot Size Square Feet
7500
Lot Size Units
Square Feet
Parking Total
16
Zoning
LAR3

Area And Schools
City
Los Angeles
County Or Parish
Los Angeles

Financial Info
Buyer Agency Compensation
2%

Listing Office Coldwell Banker Platinum Prop.

MLS# PW21242578

Updated 5:20AM - 1/28/2022

Listing Agent James Mann

The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. "CRMLS" and is protected by all applicable Copyright© 2022 laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Information deemed reliable but not guaranteed. Copyright© 2022 California Regional Multiple Listing Service, Inc. All rights reserved.

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