5606 Lexington Avenue

Los Angeles, CA 90038

$2,095,000
Price
11
Beds
8
Baths
6,633 Sq. Ft.
$316 / Sq. Ft.
6,633
Sq. Ft.
$316
per Sq. Ft.

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...

Property Details for 5606 Lexington Avenue

Zoning
LAR3
Year Built Numeric
1957

Location

Listing Courtesy of Compass, Haya Handel, DRE #02007200; Compass, Gary Barkin, DRE #01838791

Listing Agents

  1. Haya Handel

    Listing Agent

    Compass

    DRE #02007200

  2. Gary Barkin

    Alternative Listing Agent

    Compass

    DRE #01838791

Building Information for 5606 Lexington Avenue

Stories2Residences-Year Built1957Building Size-Lot Size0.17 AC / 7,500 SF

Payment Calculator

$7,535 per month

30 year fixed, 3.51% Interest

Principal and Interest

$7,535

Property Taxes

HOA Dues

$0

Similar Homes

Property Information for 5606 Lexington Avenue

Summary
    Location and General Information
  • Directions: North of Santa Monica Blvd.
  • City: Los Angeles
  • Zip Code: 90038
  • County Or Parish: Los Angeles
  • Street Number Numeric: 5606
  • Street Name: LEXINGTON
  • State: CA
    Parking
  • Parking Garage: Assigned, Carport Detached, Covered Parking, Driveway Gate
  • Total Parking: 6
Property
    Property and Assessments
  • Assessed Improvement Value: $144,263.00
  • Assessed Land Value: $51,948.00
  • Assessor Parcel Number: 5536-007-003
  • Advertising Remarks: 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 tenants.
  • Disclosures: As Is
  • Number Of Photos: 11
    Lot Information
  • Listing Area: Hollywood
  • Other Structures: None
  • Service Level: Full Service
  • Living Area: 6633
  • Lot Size Area: 7500
Interior and Exterior Features
    Exterior Features
  • Den: No
  • Pool: No
  • Tennis: No
    Interior Features
  • Baths Total: 8.0
  • Cooling: Wall/Window
  • Equipment: Range/Oven, Refrigerator
  • Heating: Wall
  • Number Of Stories: 2
  • Beds Total: 11
    Room Information
  • Family Room: 0
  • Dining Room: 0
Multi Family
    Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Income: $128,184
  • Gross Operating Income: $125,620
  • Net Operating Income: $75,833.00
  • Total Annual Expense: 49787
    Unit Information
  • Type Of Units: Apartments
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
    Unit 1 Information
  • Unit Beds1: 2
  • Unit Baths1: 1
  • Unit Projected Rent1: $1,950.00
  • Unit Actual Rent1: $1,038.00
  • Unit Furnished1: No
  • Like Units1: 1
  • Unit Rent1: $1,038.00
    Unit 2 Information
  • Unit Projected Rent2: $1,500.00
  • Unit Furnished2: No
  • Like Units2: 1
  • Unit Rent2: $1,450.00
  • Unit Beds2: 1
  • Unit Baths2: 1
  • Unit Actual Rent2: $1,450.00
    Unit 3 Information
  • Unit Beds3: 1
  • Unit Baths3: 1
  • Unit Actual Rent3: $1,151.00
  • Like Units3: 1
  • Unit Projected Rent3: $1,500.00
  • Unit Rent3: $1,151.00
  • Unit Furnished3: No
    Unit 4 Information
  • Unit Beds4: 1
  • Unit Baths4: 1
  • Like Units4: 1
  • Unit Actual Rent4: $1,241.00
  • Unit Projected Rent4: $1,500.00
  • Unit Rent4: $1,241.00
  • Unit Furnished4: No
    Unit 5 Information
  • Unit Beds5: 2
  • Unit Baths5: 1
  • Like Units5: 1
  • Unit Projected Rent5: $2,000.00
  • Unit Actual Rent5: $1,580.00
  • Unit Rent5: $1,580.00
  • Unit Furnished5: No
    Unit 6 Information
  • Unit Beds6: 1
  • Unit Baths6: 1
  • Like Units6: 1
  • Unit Actual Rent6: $1,162.00
  • Unit Projected Rent6: $1,550.00
  • Unit Rent6: $1,162.00
  • Unit Furnished6: No
    Unit 7 Information
  • Unit Beds7: 1
  • Unit Baths7: 1
  • Like Units7: 1
  • Unit Actual Rent7: $1,495.00
  • Unit Projected Rent7: $1,550.00
  • Unit Rent7: $1,495.00
  • Unit Furnished7: No
    Unit 8 Information
  • Unit Beds8: 2
  • Unit Baths8: 1
  • Unit Furnished8: No
  • Like Units8: 1
  • Unit Projected Rent8: $2,000.00
  • Unit Actual Rent8: $1,531.00
  • Unit Rent8: $1,531.00
Rental
    Rental Information
  • Vacancy Rate: 2%
  • Gross Rent Multiplier: $16.34
  • Number Of Buildings: 1
  • Number Of Units: 8
  • Rent Control: 100

Property History for 5606 Lexington Ave

DateEvent & SourcePriceAppreciation
May 18, 2020

Listed (Active)

CLAW #20-579080

$2,095,000
May 18, 2020

Listed (Active)

CRMLS #20579080

$2,095,000
DateEvent & SourcePrice
05/18/2020

Listed (Active)

CLAW #20-579080

$2,095,000
05/18/2020

Listed (Active)

CRMLS #20579080

$2,095,000

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 5606 Lexington Avenue

Taxable ValueLand$54,045Additions$150,090Total$204,135
Tax Record2018$3,430
Home Facts
Beds12Total Finished SqFt6,633 SqFtAbove Grade Finished SqFt6,633 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLAR3CountyLOS ANGELESAPN5536007003

Schools near 5606 Lexington Avenue

AllElementaryMiddleHigh
SchoolTypeGradesDistanceRating
Apex AcademyCharter7-120.3 mi
1
STEM Academy at Bernstein HighPublic9-120.3 mi
6
Helen Bernstein High SchoolPublic9-120.3 mi
3
Richard A. Alonzo Community Day SchoolPublic7-120.3 mi
NR

Apex Academy

7-12, 0.3 mi, Charter

1

STEM Academy at Bernstein High

9-12, 0.3 mi, Public

6

Helen Bernstein High School

9-12, 0.3 mi, Public

3

Richard A. Alonzo Community Day School

7-12, 0.3 mi, Public

NR

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Property Details for 5606 Lexington Avenue

StatusActive
MLS #20-579080
Year Built1957
Compass TypeMulti Family
MLS TypeResidential Income
Lot Size0.17 AC / 7,500 SF
Taxes-
Condo/Co-op Fees-
HOA Fees-
CountyLos Angeles County

Listing Agent

Haya Handel

Compass

haya.handel@compass.com

P: 310.779.5217

DRE #02007200

Contact Agent(s)

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

5606 Lexington Avenue is a multi-family home for sale in Los Angeles, CA 90038. This property was listed for sale on May 18, 2020 by Compass at $2,095,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Teach Academy Of Technologies, Math, Science, & Technology Magnet Academy At Roosevelt High and Humanitas Academy Of Art And Technology At Esteban E. Torres High No. 4. 5606 Lexington Avenue is a 11-bed, 8-bath, 6,633 sqft multi-family home built in 1957. This address can also be written as 5606 Lexington Ave.

All data, including all measurements and calculations of area, is obtained from various sources, is approximate, and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of such measurements and Compass expressly disclaims any liability in connection with such measurements.

Listing Courtesy of Compass, Haya Handel, DRE #02007200; Compass, Gary Barkin, DRE #01838791

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