5606 Lexington Avenue

Los Angeles, CA 90038

$1,900,000
Last Sold Price
11
Beds
8
Baths
6,633 Sq. Ft.
$286 / Sq. Ft.
6,633
Sq. Ft.
$286
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...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 the tenants.

Listing Agents

  1. Haya Handel

    Haya Handel

    Listing Agent

    Compass

    DRE #02007200

  2. Gary Barkin

    Gary Barkin

    Alternative Listing Agent

    Compass

    DRE #01838791

Property Details for 5606 Lexington Avenue

Zoning
LAR3
Parcel Number
5536007003
Total Units
8.0
Living Area
6633
Source Living Area
Assessor
Area
Hollywood (C20)
Vacancy Rate
2%
Lot Size Area
7500

Location

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

Sold By Compass, Haya Handel, DRE #02007200; Compass, Gary Barkin, DRE #01838791

Add your commute
LISTING UPDATED: 08/19/2020 03:42 PM

Property Details for 5606 Lexington Avenue

StatusSold
MLS #20-579080
Days on Market1
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.17 AC / 7,500 SF
CountyLos Angeles County

Location

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

Sold By Compass, Haya Handel, DRE #02007200; Compass, Gary Barkin, DRE #01838791

Add your commute

Building Information for 5606 Lexington Avenue

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

Payment Calculator

$12,447 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,369

Property Taxes

$2,078

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5606 Lexington Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Builder
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $125,620
  • Net Operating Income: $75,833.00
  • Gross Income: $128,184
  • Gross Rent Multiplier: $16.34
  • Total Annual Expense: 49787
Land / Lot Info
Land / Lot Info
  • Lot Size Square Feet: 7500
  • Geocode Override: 0.0
Parking Details
Parking Details
  • Parking Garage: Assigned, Carport Detached, Covered Parking, Driveway Gate
  • Total Parking: 6
  • Parking Features: Assigned, Detached Carport, Covered
Interior Features
Interior Features
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Range/Oven, Refrigerator
Exterior Features
Exterior Features
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-18-2020
  • Rent Control: 100
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,038.00
  • Unit Actual Rent: $1,038.00
  • Unit Projected Rent: $1,950.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,450.00
  • Unit Actual Rent: $1,450.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,151.00
  • Unit Actual Rent: $1,151.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,241.00
  • Unit Actual Rent: $1,241.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,580.00
  • Unit Actual Rent: $1,580.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,162.00
  • Unit Actual Rent: $1,162.00
  • Unit Projected Rent: $1,550.00
  • Like Units: 1
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,495.00
  • Unit Actual Rent: $1,495.00
  • Unit Projected Rent: $1,550.00
  • Like Units: 1
Unit 8 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,531.00
  • Unit Actual Rent: $1,531.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $144,263.00
  • Assessed Land Value: $51,948.00

Property History for 5606 Lexington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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$1,248,480Additions$728,280Total$1,976,760
Tax Record2023$24,940 ($2,078 / month)
Home Facts
Total Finished SqFt6,633 SqFtAbove Grade Finished SqFt6,633 SqFtLot Size7,500 SqFtStyleMulti-Family Res (5+ Units)Year Built1957ZoningLAR3CountyLOS ANGELESAPN5536-007-003

Schools near 5606 Lexington Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Charter - K to 6
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Joseph Le Conte Middle School
Public6 to 8

STEM Academy at Bernstein High
Public9 to 12

Helen Bernstein High School
Public9 to 12

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.

Similar Homes

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

Similar Sold Homes

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

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

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

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.