5632 Lexington Avenue

Los Angeles, CA 90038

$2,000,000
Last Sold Price
12
Beds
12
Baths
7,368 Sq. Ft.
$271 / Sq. Ft.
7,368
Sq. Ft.
$271
per Sq. Ft.

Description

Price reduction of $145K! Seller motivated. Great opportunity to own a ten unit property in up-and-coming located East Hollywood. Property has not been on the market for 50 years and has huge upside potential! Building consists of eight 1 bedroom/1bath units and two 2 bedroom/2 bath units and comes with ten gated parking spaces. Well maintained building already has been seismic earthquake retrofitted. Property has easy access to the Metro Red Line, 101, 10, and 110 freeway and close to Los Feliz,...Price reduction of $145K! Seller motivated. Great opportunity to own a ten unit property in up-and-coming located East Hollywood. Property has not been on the market for 50 years and has huge upside potential! Building consists of eight 1 bedroom/1bath units and two 2 bedroom/2 bath units and comes with ten gated parking spaces. Well maintained building already has been seismic earthquake retrofitted. Property has easy access to the Metro Red Line, 101, 10, and 110 freeway and close to Los Feliz, Silver Lake, and DTLA. Market rents would give this property a potential 11.9 GRM and 5.7% Cap. Don't miss out on this opportunity to improve on this gem!
  1. Listed by Will Tiao • DRE #01918965 • Brokerage DRE #01335786 • The Collective Realty

Property Details for 5632 Lexington Avenue

Water Front
None
Zoning
LAR3
Style
Low Rise
Cross Streets
Santa Monica and Western
Accessibility Features
None
Parcel Number
5536007008
Total Units
10.0
Living Area
7368

Location

Listing Courtesy of The Collective Realty, Will Tiao, DRE #01918965

Sold By Compass, Nima Tehrany, DRE #01305628

Add your commute
LISTING UPDATED: 10/01/2021 05:40 PM

Property Details for 5632 Lexington Avenue

StatusSold
MLS #21-722344
Days on Market105
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1962
Lot Size0.17 AC / 7,499 SF
CountyLos Angeles County

Location

Listing Courtesy of The Collective Realty, Will Tiao, DRE #01918965

Sold By Compass, Nima Tehrany, DRE #01305628

Add your commute

Virtual Tour

Building Information for 5632 Lexington Avenue

Stories2Residences-Year Built1962Building Size-Lot Size0.17 AC / 7,499 SF

Payment Calculator

$10,915 per month

30 year fixed, 7.25% Interest

Principal and Interest

$10,915

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5632 Lexington Avenue

Community / Development
Community / Development
  • Tax Mello Roos: Unknown
  • Number Of Units: 10
  • Amenities: None
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Assessor
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: attached
  • View: Yes
  • View Description: City
  • View: City Lights
  • Entry Floor Number: 1
  • Security Features: Automatic Gate
  • Direction Faces: East
  • Water: District
  • Sewer: In Connected and Paid
  • Water Heaters: Yes
  • ADA Compliance: No
  • Additions Alterations: No
  • Water Heater Features: Central Water Heater
Contract Info
Contract Info
  • Probate: No
  • Disclosures: Rent Control, Listing Broker Advantage, As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $97,236
  • Net Operating Income: $55,084.00
  • Gross Income: $97,236
  • Cap Rate: 2.45%
  • Gross Rent Multiplier: $23.13
  • Actual Annual Gross Rent: $97,236.00
  • Owner Pays: Gardener, Water
  • Total Annual Expense: 42152
Land / Lot Info
Land / Lot Info
  • Additional Parcel Number: No
  • Alley: No
  • Paved: Yes
  • Lot Acreage: 0.1722
  • Lot Size Square Feet: 7499
  • Lot Features: Lawn, Front Yard
  • Lot Description: Fenced Yard, Fenced, Lawn, Front Yard
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Community Garage, Controlled Entrance
  • Total Parking: 10
  • Covered Parking: 10
  • Carport Spaces Total: 10
  • Parking Features: Community Structure, Controlled Entrance
  • Garage Structures Total: 1.0
Interior Features
Interior Features
  • Room Type: Walk-In Closet
  • Rooms: Walk-In Closet
  • Levels: Two
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 0
  • Dining Room: 0
  • Cooling Type: Window Unit(s), Air Conditioning
  • Heating Type: Wall Gas
  • Flooring: Carpet, Wood Under Carpet, Hardwood
  • Equipment: Dryer, Washer
  • Interior Features: Common Walls
  • Kitchen Features: Ceramic Counters
  • Bathroom Features: Shower Over Tub
  • Common Walls: Attached
  • Cooking Appliances: Free Standing Gas, Oven-Electric, Range Hood
  • Laundry: Garage, Community, Laundry Area, Room
  • Laundry Equipment: Lease
  • Disability Access: None
Exterior Features
Exterior Features
  • Pool: No
  • Private Pool: No
  • Pool Description: None
  • Pool Features: None
  • Spa: No
  • Spa: None
  • Tennis: No
  • Tennis Court: None
  • Roof: Flat, Rolled/Hot Mop
  • Sprinklers: Front
  • Patio Features: None
  • Entry Location: Ground Level w/steps
  • Construction Materials: Concrete, Stucco
  • Exterior Construction: Concrete, Stucco
  • Foundation Details: Quake Bracing
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-07-2021
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,248.00
  • Unit Actual Rent: $1,248.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $661.00
  • Unit Actual Rent: $661.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $656.00
  • Unit Actual Rent: $656.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $707.00
  • Unit Actual Rent: $707.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 4
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $736.00
  • Unit Actual Rent: $736.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 5
Unit 6 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,222.00
  • Unit Actual Rent: $1,222.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 6
Unit 7 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $623.00
  • Unit Actual Rent: $623.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 7
Unit 8 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $910.00
  • Unit Actual Rent: $910.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 8
Unit 9 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $665.00
  • Unit Actual Rent: $665.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 9
Unit 10 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $675.00
  • Unit Actual Rent: $675.00
  • Unit Projected Rent: $1,600.00
  • Like Units: 10
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112, 2113, 2114, 2115
  • Number of Carpet: 10
  • Number of Dishwasher: 0
  • Number of Disposal: 10
  • Number of Drapes: 10
  • Number of Electric Meters: 10
  • Number of Gas Meters: 10
  • Number Leased: 10
  • Number Patio: 0
  • Number Range: 10
  • Number Refrigerator: 10
  • Number Rented Garages: 0
  • Number Wall AC: 10
  • Number Water Meters: 1
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $211,828.00
  • Assessed Improvement Percent: 79.35
  • Assessed Land Value: $55,125.00
  • Assessed Land Percent: 20.65
  • Assessed Total Value: $266,953.00
  • Private Transfer Taxes: No

Property History for 5632 Lexington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Schools near 5632 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.

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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 The Collective Realty, Will Tiao, DRE #01918965

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.