5836 Lexington Ave, Los Angeles, CA 90038
5836 Lexington Ave, Los Angeles, CA 90038
5836 Lexington Ave, Los Angeles, CA 90038
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Ever Banuelos

Ever Banuelos

+1(323) 833-9824
$1,390,000
Est. payment /mo
9 Beds
8 Baths
6,026 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,026 sqft

Price per Sqft $230

MLS Listing ID 26713697

Bedrooms 9

Year Built 1956

Lot Size 7,502 Sqft

Acres 0.1722

Property Sub-Type Multi-Family

Property Description

We are pleased to present an eight (8) unit apartment building located at 5836 Lexington Ave in Los Angeles, California. The subject property is located in a prime Hollywood location, north of Santa Monica Blvd and west of Van Ness Ave. Located in a prime Hollywood location, the property features an attractive unit mix of one studio, five one-bedrooms, and two two-bedrooms, with strong rental upside of approximately 65%. The property has newly upgraded systems such as the roof, copper plumbing, electrical, and liner on drain line. Situated in an Opportunity Zone and benefiting from Tier 2 TOC density incentives, the asset presents a compelling value-add opportunity, including the potential to convert existing carport parking into ADUs. The gated and secure property offers on-site parking and boasts dominant access to major commercial corridors including Santa Monica Blvd, Hollywood Blvd, Sunset Blvd, and Western Ave, along with immediate access to the 101 Freeway. The property is also conveniently located near the Hollywood/Vine Metro station and within minutes of premier entertainment, dining, retail, and employment centers. Overall, the property's strong unit mix, significant rental upside, and clear value-add potential through ADU conversion of the existing carports position it as a compelling investment opportunity with both immediate income and long-term growth.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Carport

Building

Level or Stories Two

Others

Special Listing Condition Standard

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The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Marcus & Millichap

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Ever Banuelos
Ever Banuelos

Team Leader | License ID: 01945384

+1(323) 833-9824 | ever.banuelos@gmail.com

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