5828 Lexington Avenue
5828 Lexington Avenue Los Angeles, California 90038 United States

$1,790,000
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[ Offered next door to already listed 5836 Lexington Ave, a RARE DOUBLE LOT opportunity. Both adjacent lots total 15,000sf of R3 Zoning incorporated within the Hollywood Opportunity Zone, along with TOC Tier 2 Bonus Density ] 5828 Lexington Ave...

RE/MAX One

Listing Courtesy of RE/MAX One
$1,790,000
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.17 Acres
Exterior
Residential Income
Property type
1920
Year Built
21105621
Web Id
21105621
MLS ID
Los Angeles Unified
School District
22
days ago

About 5828 Lexington Avenue

[ Offered next door to already listed 5836 Lexington Ave, a RARE DOUBLE LOT opportunity. Both adjacent lots total 15,000sf of R3 Zoning incorporated within the Hollywood Opportunity Zone, along with TOC Tier 2 Bonus Density ] 5828 Lexington Ave is a unique, 6 Unit apartment building in Hollywood comprised of a spacious front house, and 5 apartment units in the rear. The front house is a 2+1 unit, while the back apartment units consist of 2 (2+1) units and 3 (1+1) units. Tenant amenities include on-site, tuck-under parking (seller completed required seismic retrofit), and secure gated driveway. The new owner will be able to capture the remaining 84% upside left throughout all rents to double the income at market, tripling the NOI. [ A combined 65% remaining upside on both 5828 and 5836 Lexington. Total Proforma achieves 1.5x the current NOI. SEE 5836 Lexington for details]

Listing Courtesy of Chase Simonton, RE/MAX One, 01766871, Active

features

cooling
Propane Heating
Parking
Driveway

PROPERTY INFORMATION

Heating
Wall Furnace
Parking Description
Covered, Driveway

ADDITIONAL INFORMATION

Number of Units
6

5828 Lexington Avenue, Los Angeles, California 90038 United States is a Residential Income for Sale for $1,790,000. Was built in 1920,  on a lot of .17 Acres ( m2) and it's composed from .


Listing Courtesy of RE/MAX One

RE/MAX One

Listing Courtesy of RE/MAX One
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Based on information from CRISNet MLS as of at the data was obtained. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.