5632 Lexington Ave

Price reduction of $145K!!! Seller motivated. Great opportunity to own a ten unit property in up-and-coming located East Hollywood. Property has not been on the market for 50 years and has huge upside potential! Building consists of eight 1 bedroom/1bath units and two 2 bedroom/2 bath units and comes with ten gated parking spaces. Well maintained building already has been seismic earthquake retrofitted. Property has easy access to the Metro Red Line, 101, 10, and 110 freeway and close to Los Feliz, Silver Lake, and DTLA. Market rents would give this property a potential 11.9 GRM and 5.7% Cap. Don't miss out on this opportunity to improve on this gem!

12
beds

12
baths

7,368 Sq.Ft. LIVING AREA

7,499 Sq.Ft. lot

Features & Amenities

Interior

total bedrooms12
Total bathrooms12
KITCHEN Ceramic Counters
Laundry room Garage, Community, Laundry Area, Room
Flooring Carpet, Wood Under Carpet, Hardwood
Fireplace None
APPLIANCES Free Standing Gas, Oven-Electric, Range Hood
other interior Features Common Walls

Area & Lot

Status Sold
Living Area7,368 Sq.Ft.
Lot Area7,499 Sq.Ft.
MLS® ID21-722344
TypeMulti-Family
YEAR BUILT1962
Architecture StylesLow Rise
View DescriptionCity

Exterior

STORIES2
water SourceDistrict
PoolNone
roofFlat, Rolled/Hot Mop
lot featuresFenced Yard, Fenced, Lawn, Front Yard
parkingCommunity Garage, Controlled Entrance
HEAT TYPEWall Gas
AIR CONDITIONINGWindow Unit(s), Air Conditioning
sewerIn Connected and Paid
SubstructureQuake Bracing
HOA AmenitiesNone
security FeaturesAutomatic Gate
other exterior FeaturesConcrete, Stucco, None

Financial

Sales Price$2,000,000
Zoning LAR3

Work With Us

Our team's intimate knowledge of our local market, investor experience, combined with professional expertise ensures a robust client experience.

The Lisitng Group

Nima Tehrany

Phone

(310) 617-6462

[email protected]

Address

BEVERLY HILLS 9454 WILSHIRE BLVD. BEVERLY HILLS CA 90212 HOLLYWOOD OFFICE 6430 SUNSET BOULEVARD, 6TH FLOOR LOS ANGELES, CA 90028

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5632 Lexington Ave

$2,000,000

Nima Tehrany

Features & Amenities

Interior

Area & Lot

Exterior

Financial

Work With Us

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The Lisitng Group

Nima Tehrany

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