A modern two-story building at 5627 lexington, surrounded by greenery and a fence, set against a clear blue sky.

Closed Listing

12 Units in East Hollywood @ 14.63 GRM & 3.94% CAP

5627 lexington

sold in

Los Angeles

12

Number of Units

1958

Year Built

8,670

SF

Square Footage

7,492

SF

Lot Size

N/A

Zoning

5627 Lexington Ave, Los Angeles, CA 90038

About the Property

Kenny Stevens Team is pleased to present 5627 Lexington Avenue, a 12-unit apartment community located just south of Sunset Blvd, in the neighborhood of Hollywood. Sitting on a quiet residential block, 5627 Lexington is walking distance to a myriad of coffee shops, restaurants, theaters and colleges. The property features 8,670 SF of rentable area, situated on a 8,670 SF lot zoned R3. This 12 unit complex features (1) two bedroom/one bathroom unit and (11)one bedroom/one bathroom units. A new roof was installed in 2012 and the exterior of the building was updated in 2013. 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 submarket of Hollywood.

12

Number of Units

1958

Year Built

8,670

SF

Square Footage

7,492

SF

Lot Size

N/A

Zoning

Price P/ Unit

$229,167

Price p/ Sq. ft.

$317

Proforma Cap Rate

6.66%

Contact

Sales agent

MEET THE TEAM

We make your life easier

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

Kenny Stevens in a suit stands near a railing, with a sunset and palm trees in the background.
DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

Max Berger in a suit stands confidently on a balcony with a sunset and mountains in the background.
DRE 02054048

Max Berger

DRE 02054048

Max Berger

Dustin Dahan in formal attire stands by a railing with a sunset in the background, smiling at the camera.
DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Andrew Tenney in a suit stands outside at sunset, smiling with a scenic background of hills and a railing.

Andrew Tenney

Andrew Tenney

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 01090251

Kenny Stevens

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02054048

Max Berger

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

DRE 02085403

Dustin Dahan

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.

Compass is a real estate broker licensed by the State of California and abides by Equal Housing Opportunity laws. License Number 01991628. All material presented herein is intended for informational purposes only and is compiled from sources deemed reliable but has not been verified. Changes in price, condition, sale or withdrawal may be made without notice. No statement is made as to accuracy of any description. All measurements and square footage are approximate. If your property is currently listed for sale this is not a solicitation.

© Copyright 2024.