
Closed Listing
12 Units in East Hollywood @ 14.63 GRM & 3.94% CAP
5627 lexington
sold in
Los Angeles
Sold At
$
2,750,000
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
Detailed Brochure on Real Estate Opportunities
Price P/ Unit
$229,167
Price p/ Sq. ft.
$317
Proforma Cap Rate
6.66%




Contact
Sales agent
Related Listings
MEET THE TEAM