Property Details.

5627 Lexington Avenue is a 12 unit apartment community located just south of Fountain Ave, in the neighborhood of Hollywood. With 8,670 SF of rentable area, 5627 Lexington features (1) two-bedroom / one-bathroom unit and (11) one-bedroom / one-bathroom units. A new roof was installed in 2012 and the plumbing is copper. Additionally, the property provides 11 secured gated parking spaces.
With a highly sought-after location and over 40% upside in rents, 5627 Lexington provides investors the opportunity to purchase an asset with significant promise in the ever-growing sub-market of Hollywood.

Price $2,795,000

Year Built 1958

# of Units 12

Price P/ Unit $232,917

Sq. ft. 8,670 SF

Price p/ Sq. ft. $323

Current Cap Rate 3.84%

Proforma Cap Rate 6.31%

Current GRM 14.91%

Proforma GRM 10.56%

Lot Size 7,492 SF

Zoning LAR3

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5627 Lexington Avenue
Los Angeles, CA 90038

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