5606 Lexington Avenue

    Los Angeles (City), CA 90038
    • $2,095,000
    • STATUS: Active Under Contract
    • ON SITE: 15 days
    • ID#: 20579080
    Under Contract
    UPDATED: 36 min ago
    $2,095,000
    • 0
      BEDS
    • 0.17
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1957
    County:

    School Ratings & Info

    Description

    Wonderful opportunity to acquire a well-maintained building containing 8 spacious units with a good mix of one and two-bedroom apartments. This gated property features security cameras, on-site laundry, and beautiful wood floors in several units. NO RETROFITTING REQUIRED. 25% upside in rents. 7,500 sq. ft. lot provides opportunities for future development. Located on a quiet street in booming East Hollywood - just minutes to restaurants, Metro stops, 101 Fwy, and multiple studios. Please do not enter the property or disturb the tenants.

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-03T20:30:01.257. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robin McCann | EXIT Alliance Realty. Licensed in the State of California, USA.

    www.socalrealtyexpert.com/homes/105982600

    5606 Lexington Avenue Los Angeles (City), CA 90038

    • Price: $2,095,000
    • Status: Active Under Contract
    • Updated: 36 min ago
    • ID#: 20579080
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.17
    Acres
    1957
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    Wonderful opportunity to acquire a well-maintained building containing 8 spacious units with a good mix of one and two-bedroom apartments. This gated property features security cameras, on-site laundry, and beautiful wood floors in several units. NO RETROFITTING REQUIRED. 25% upside in rents. 7,500 sq. ft. lot provides opportunities for future development. Located on a quiet street in booming East Hollywood - just minutes to restaurants, Metro stops, 101 Fwy, and multiple studios. Please do not enter the property or disturb the tenants.
    Exterior Features

    Lot Size Source Assessor Lot Size Units Square Feet Parking Features AssignedDetached CarportCovered Parking YN Yes

    Interior Features

    Appliances Refrigerator Appliances YN Yes Cooling Wall/Window Unit(S) Cooling YN Yes Heating Wall Furnace Heating YN Yes

    Property Features

    Gross Income 128184.00 Gross Multiplier 16.34 Gross Operating Income 125620.00 Net Operating Income 75833.00 Senior Community YN No Special Listing Conditions Standard Total Expenses 49787.00 Zoning Lar3

    Listing provided courtesy of Haya Handel of Compass and Gary Barkin of Compass


    Based on information from California Regional Multiple Listing Service, Inc. as of 2020-06-03T20:30:01.257. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Robin McCann | EXIT Alliance Realty. Licensed in the State of California, USA.

     
    Robin McCann | EXIT Alliance Realty
    43521 Rige Park Drive, Suite 201
    Temecula CA, 92590