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5716 Lexington Avenue, Los Angeles, CA, US - Image 0
5716 Lexington Avenue, Los Angeles, CA, US - Image 1
5716 Lexington Avenue, Los Angeles, CA, US - Image 2
5716 Lexington Avenue, Los Angeles, CA, US - Image 3
5716 Lexington Avenue, Los Angeles, CA, US - Image 4
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$ 3,190,000

5716 Lexington Avenue
Los Angeles, CA, US


Summary

**PRICE IMPROVEMENT** This 8 Units is located in the heart of Hollywood neighborhood. The property was built in 1993, consisting of four (4) Two Bdrms/1.5 Bath and four (4) Three Bdrms/ 2 Bath. All units are separately metered for gas and electric. Only one unit #2 is a Sec 8 rental, the other 7 units the contract rental rates are within 10% of the market rates thus achieving of market rentals are obtainable. The building is comprised of one two-story building above a subterranean, gated and secure parking structure with 16 spaces. Additional amenities include a laundry room with building owned washer/dryer and control access entry with the units. The property has been very well maintained by the current long-term owner, 3 units have had high-end renovations and upgrades consisting of new kitchens, bathrooms, flooring and fixtures. The building presents an opportunity for an investor to reposition this asset with an upside in the rental income of approximately 18.0%. Property is being sold in its "as is" condition.

Facts

MLS# PW19214806

Property Type

  • Luxury Listings
  • Residential
  • Other Residential
  • Other Style
  • House

Property Details

  • Status
    Sale
  • Postal Code
    90038
  • Lot Area
    0.17 Acres
  • Year Built
    1993
  • Parking Spaces
    16
  • Special Program
    Global Luxury


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5716 Lexington Avenue
Los Angeles, California, United States

Property brochure

Multiple pages


Contains
  • Detailed description of the property.
  • Agent contact info
  • High definition images of the property

5716 Lexington Avenue
Los Angeles, California, United States
Static flyer

Marketing flyer

1-2 Pages


Contains
  • Detailed description of the property.
  • Agent contact info
  • High definition images of the property
James Mann Profile Picture

James Mann

Sales Associate
License #00546945
Coldwell Banker Platinum Properties
3500 Barranca Parkway Suite 100
Irvine, CA 92606
License # 00546945

Contact Me

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