Sold
5632 Lexington
5632 Lexington Ave, Los Angeles CA 90038Description
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!
Details
- Property Type: Multifamily
- Property Status: Sold
- Property Size: 7,368 Sq Ft
- Lot Size: 7,499 Sq Ft
- Bedrooms: 12
- Bathrooms: 12
- Year Built: 1962
- Price: $2,000,000
- Number of Units: 10
- Price/Unit: $200,000
- GRM: 20.56
- Price/SqFt: $271
- CAP: 2.75
Address
Open on Google Maps- Address 5632 Lexington Ave, , Los Angeles CA 90038
- City Los Angeles
- State/county California
- Area East Hollywood
