12
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$1,390,000
Est. payment /mo
6,026 SqFt
Pending
5836 Lexington Avenue Los Angeles, CA 90038
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Key Details
Property Type Commercial
Sub Type Other
Listing Status Pending
Purchase Type For Sale
Square Footage 6,026 sqft
Price per Sqft $230
MLS Listing ID CL26713697
HOA Y/N No
Year Built 1956
Lot Size 7,502 Sqft
Acres 0.1722
Property Sub-Type Other
Property Description
We are pleased to present an eight (8) unit apartment building located at 5836 Lexington Ave in Los Angeles, California. The subject property is located in a prime Hollywood location, north of Santa Monica Blvd and west of Van Ness Ave. Located in a prime Hollywood location, the property features an attractive unit mix of one studio, five one-bedrooms, and two two-bedrooms, with strong rental upside of approximately 65%. The property has newly upgraded systems such as the roof, copper plumbing, electrical, and liner on drain line. Situated in an Opportunity Zone and benefiting from Tier 2 TOC density incentives, the asset presents a compelling value-add opportunity, including the potential to convert existing carport parking into ADUs. The gated and secure property offers on-site parking and boasts dominant access to major commercial corridors including Santa Monica Blvd, Hollywood Blvd, Sunset Blvd, and Western Ave, along with immediate access to the 101 Freeway. The property is also conveniently located near the Hollywood/Vine Metro station and within minutes of premier entertainment, dining, retail, and employment centers. Overall, the property's strong unit mix, significant rental upside, and clear value-add potential through ADU conversion of the existing carports position it as a compelling investment opportunity with both immediate income and long-term growth.
Location
State CA
County Los Angeles
Zoning LAR3
Interior
Fireplace No
Building
New Construction No
Others
Tax ID 5534018022
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Listed by Jason Tuvia • Marcus & Millichap
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