7154 Lexington Avenue

West Hollywood, CA 90046

$1,500,000
Price
5
Beds
5
Baths
2,104 Sq. Ft.
$713 / Sq. Ft.
2,104
Sq. Ft.
$713
per Sq. Ft.

Description

7154 Lexington Ave offers five units ideally located in West Hollywood, CA near a wide array of shopping, dining, and entertainment options. This unique rarely traded asset is situated in one of the most desirable rental markets in Los Angeles adjacent to Hollywood and Beverly Grove. The property sits on a 2,934 SF of land with 2,104 SF of rentable space consisting of Two - 1BR/1BA Units, and Three Studios. The offering provides a rare opportunity for a savvy investor to acquire this trophy asset...7154 Lexington Ave offers five units ideally located in West Hollywood, CA near a wide array of shopping, dining, and entertainment options. This unique rarely traded asset is situated in one of the most desirable rental markets in Los Angeles adjacent to Hollywood and Beverly Grove. The property sits on a 2,934 SF of land with 2,104 SF of rentable space consisting of Two - 1BR/1BA Units, and Three Studios. The offering provides a rare opportunity for a savvy investor to acquire this trophy asset with over 20% upside.
  1. Listed by David Saghian • DRE #01992252 • Brokerage DRE #01001040 • Kidder Mathews of California, Inc.

Property Details for 7154 Lexington Avenue

Zoning
WDR3C*
Parcel Number
5531009011
Total Units
5.0
Living Area
2104
Source Living Area
Vendor Enhanced
Area
West Hollywood Vicinity (C10)
Vacancy Rate
0
Lot Size Area
2934

Location

Listing Courtesy of Kidder Mathews of California, Inc., David Saghian, DRE #01992252
Add your commute
LISTING UPDATED: 05/31/2024 12:01 AM

Property Details for 7154 Lexington Avenue

StatusActive
MLS #24-395513
Days on Market25
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1952
Lot Size0.07 AC / 2,934 SF
CountyLos Angeles County

Location

Listing Courtesy of Kidder Mathews of California, Inc., David Saghian, DRE #01992252
Add your commute

Building Information for 7154 Lexington Avenue

Stories2Residences-Year Built1952Building Size-Lot Size0.07 AC / 2,934 SF

Payment Calculator

$10,835 per month

30 year fixed, 7.25% Interest

Principal and Interest

$8,186

Property Taxes

$2,649

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7154 Lexington Avenue

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 2
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $102,336
  • Net Operating Income: $60,046.00
  • Gross Income: $102,336
  • Gross Rent Multiplier: $14.66
  • Actual Annual Gross Rent: $102,336.00
  • Laundry Income: $75
  • Vacancy Allow Percent: 3.00%
  • Total Annual Expense: 41660
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.0674
  • Lot Size Square Feet: 2934
  • Lot Size Dimensions: 60x50
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Assigned
  • Total Parking: 0
  • Parking Features: Assigned
Interior Features
Interior Features
  • Levels: Multi/Split
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Microwave, Refrigerator, Washer, Dryer, Dishwasher
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 05-23-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,958.00
  • Unit Actual Rent: $1,958.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,750.00
  • Unit Actual Rent: $1,750.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,795.00
  • Unit Actual Rent: $1,795.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,850.00
  • Unit Actual Rent: $1,850.00
  • Unit Projected Rent: $2,300.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,100.00
  • Unit Actual Rent: $1,100.00
  • Unit Projected Rent: $1,850.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $943,536.00
  • Assessed Improvement Percent: 40.37
  • Assessed Land Value: $1,393,861.00
  • Assessed Land Percent: 59.63
  • Assessed Total Value: $2,337,397.00

Property History for 7154 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 7154 Lexington Avenue

Taxable ValueLand$1,393,861Additions$943,536Total$2,337,397
Tax Record2023$31,790 ($2,649 / month)
Home Facts
Total Finished SqFt2,104 SqFtAbove Grade Finished SqFt2,104 SqFtLot Size2,934 SqFtStyleMulti-Family Res (5+ Units)Year Built1952ZoningWDR3C*CountyLOS ANGELESAPN5531-009-011

Schools near 7154 Lexington Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - K to 5
Rating
School
Distance
Gardner Street Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

Melrose Elementary School
PublicK to 5

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

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Similar Sold Homes

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7154 Lexington Avenue is a multi-family home for sale in West Hollywood, CA 90046. This property was listed for sale on May 23, 2024 by Kidder Mathews of California, Inc., it's currently listed at $1,500,000. It has been on the market for a total of 25 days and was last sold on February 20, 2014. This listing's school district is Los Angeles Unified School District. Nearby schools include Gardner Street Elementary School, Hubert Howe Bancroft Middle School and Hollywood Senior High School. 7154 Lexington Avenue is a 5-bed, 5-bath, 2,104 sqft multi-family home built in 1952.

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 Kidder Mathews of California, Inc., David Saghian, DRE #01992252

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.