5670 Lexington Avenue

Los Angeles, CA 90038

$1,125,000
Price
7
Beds
3
Baths
3,278 Sq. Ft.
$343 / Sq. Ft.
3,278
Sq. Ft.
$343
per Sq. Ft.

Description

Prime value-add opportunity! Welcome to 5670 Lexington Avenue where seller has arranged for all 3 units to be vacant within 45 days This corner-lot triplex located in the vibrant heart of Hollywood. This property presents an exciting opportunity for investors looking to customize and maximize its potential. The property is comprised of 3 distinct units and offers a desirable unit mix. Currently the property has one vacant unit with the remaining two units being vacant within 45-days. This makes it...Prime value-add opportunity! Welcome to 5670 Lexington Avenue where seller has arranged for all 3 units to be vacant within 45 days This corner-lot triplex located in the vibrant heart of Hollywood. This property presents an exciting opportunity for investors looking to customize and maximize its potential. The property is comprised of 3 distinct units and offers a desirable unit mix. Currently the property has one vacant unit with the remaining two units being vacant within 45-days. This makes it ready to quickly begin renovations. The unit configuration consists of a 3 bedroom/2 bath, a 2 bedroom/1 bath and a 1 bedroom/1 bath. This value-add property offers potential for substantial returns whether you are looking for a property to fix & flip, or a long-term income generating asset. Take advantage of this rare opportunity to shape the future of 5670 Lexington Avenue so it aligns with your investment goals
  1. Listed by Amie Vines • DRE #02108418 • Brokerage DRE #01227703 • Keller Williams Coastal Prop.

Property Details for 5670 Lexington Avenue

Zoning
LAR3
Parcel Number
5536007025
Total Units
3.0
Living Area
3278
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
Yes
Lot Size Area
4999

Location

Listing Courtesy of Keller Williams Coastal Prop., Amie Vines, DRE #02108418
Add your commute
LISTING UPDATED: 04/21/2024 12:46 PM

Property Details for 5670 Lexington Avenue

StatusActive Under Contract
MLS #24-365121
Days on Market38
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.11 AC / 4,999 SF
CountyLos Angeles County

Location

Listing Courtesy of Keller Williams Coastal Prop., Amie Vines, DRE #02108418
Add your commute

Building Information for 5670 Lexington Avenue

Stories-Residences-Year Built1941Building Size-Lot Size0.11 AC / 4,999 SF

Payment Calculator

$6,402 per month

30 year fixed, 7.25% Interest

Principal and Interest

$6,140

Property Taxes

$262

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 5670 Lexington Avenue

Community / Development
Community / Development
  • Number Of Units: 3
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 0
  • Number Of Buildings: 1
  • Type Of Units: Triplex
  • Property Condition: Fixer
  • Water Heater Features: Gas
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $69,840
  • Net Operating Income: $47,859.00
  • Gross Income: $72,000
  • Cap Rate: 4.25%
  • Gross Rent Multiplier: $15.60
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 21981
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1148
  • Lot Size Square Feet: 4999
  • Lot Location: Corner Lot
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 3
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: Natural Gas
  • Heating Type: Natural Gas
  • Equipment: Stackable W/D Hookup
  • Laundry: Stackable
  • Laundry Equipment: Own
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 03-06-2024
Unit Details
Unit 1 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,500.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $2,000.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $.00
  • Unit Actual Rent: $.00
  • Unit Projected Rent: $1,500.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $79,822.00
  • Assessed Improvement Percent: 37.03
  • Assessed Land Value: $135,713.00
  • Assessed Land Percent: 62.97
  • Assessed Total Value: $215,535.00

Property History for 5670 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 5670 Lexington Avenue

Taxable ValueLand$135,713Additions$79,822Total$215,535
Tax Record2023$3,149 ($262 / month)
Home Facts
Total Finished SqFt3,278 SqFtAbove Grade Finished SqFt3,278 SqFtLot Size4,999 SqFtStyleTriplexYear Built1941ZoningLAR3CountyLOS ANGELESAPN5536-007-025

Schools near 5670 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

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein High
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 Keller Williams Coastal Prop., Amie Vines, DRE #02108418

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.