Address
5716 Lexington Avenue Los Angeles, CA
Price
$ 3,285,000
Property Attributes
  • MLS#PW21242578
  • TypePending
  • CountyLOS ANGELES
  • CityLos Angeles
  • AreaHollywood
  • Zip90038
  • Style
  • Price$ 3,285,000
  • Bedrooms20
  • Full Bathrooms16
  • Half Bathrooms0
  • Sqr Footage6808
  • Lot Size7,500 SqFt
Listing Provided Courtesy Of:
James Mann with Coldwell Banker Platinum Prop. - 949-233-9601
Data Source:
California Regional MLS (CRMLS) - 25 - CA
Property Description

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 Baths. All units are separately metered for gas & electric. Only one unit- #2 is a Sec 8 rental. The other 7 units the current rental rates are within 10% of the market rates. The building is comprised of one two-story building above a subterranean garage, gated & secure parking structure with 16 spaces. Additional amenities include of a laundry room with building owner washer/dryer and control access entry from the units. The property has been very well maintained by the current long-term owner, 3 units have had high-end renovation with upgrades consisting of kitchen appliances, bathrooms, flooring & fixtures. This building presents an opportunity for an investor to maintain a very stable income stream; existing tenants have lived there on the average of over 6 years, rents have been maintained near market rate. Property is being sold in it “as in” condition.

Price History
11/4/2021 Listed $3,285,000

General Features

Community Features Street Lights
Garage Spaces 16
Garage Y/N Yes
Levels One
Listing Agent James Mann - BRE#00546945
Listing Agent State License 00546945
Lot Size Square Feet 7500
MLS Area C20 - Hollywood
Pool Features None
Property Attached Y/N Yes
Property Type Residential Income
Senior Community Y/N No
Sewer Public Sewer
Special Listing Conditions Standard
Status Pending
Stories 1
Terms Cash, Cash to New Loan
Total Units 8
Water Sewer Expense 10200
Zoning LAR3

Interior Features

Common Walls 1 Common Wall
Laundry Features Common Area

Exterior Features

Lot Features 26-30 Units/Acre
Lot Size Acres 0.17
Lot Size Area 7500
Lot Size Source Assessor
Lot Size Units Square Feet
Number of Buildings 1
Number of Separate Electric Meters 9
Number of Separate Gas Meters 9
Number of Separate Water Meters 9
Total Parking 16
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Pending Average in 90038

Price
AVG $1.37M
$3.29M
Visits
AVG 41
3
Year Built
AVG 1995
1993
Walkscore
AVG 90
88
Data Provided by Walkscore ® not using MLS data

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