7511 Lexington Avenue

West Hollywood, CA 90046

$5,625,000
Last Sold Price
19
Beds
16
Baths
11,270 Sq. Ft.
$499 / Sq. Ft.
11,270
Sq. Ft.
$499
per Sq. Ft.

Description

We are pleased to present The Lexington Residences. Located just North of Santa Monica Blvd & West of Gardner Street, The Lexington Residences offers its occupants a uniquely attractive location within close proximity to all of West Hollywood and Beverly Hills' finest shops and restaurants. The Lexington Residences consist of (4) two bedroom one bathroom residences, (1) two bedroom two bathroom residence, (9) one bedroom one bathroom residences & (1) studio apartment. There is a common area courtyard...We are pleased to present The Lexington Residences. Located just North of Santa Monica Blvd & West of Gardner Street, The Lexington Residences offers its occupants a uniquely attractive location within close proximity to all of West Hollywood and Beverly Hills' finest shops and restaurants. The Lexington Residences consist of (4) two bedroom one bathroom residences, (1) two bedroom two bathroom residence, (9) one bedroom one bathroom residences & (1) studio apartment. There is a common area courtyard which offers the residents outdoor space to enjoy within their own community. The astute investor will quickly recognize that The Lexington Residences offers its residents tastefully renovated housing, in a warm, secure setting, and a second to none, A+, easily walk anywhere location. This is a unique opportunity to own a larger asset in a ULTRA-PRIME location with little work to be done. West Hollywood is known for its bustling shopping and dining scene, within close proximity to The Grove Outdoor Mall, Melrose and some of the most choice real estate anywhere in Los Angeles.
  1. Listed by Glenn Brander • DRE #01020228 • Brokerage DRE #00893163 • Miller & Desatnik Realty Co.

Property Details for 7511 Lexington Avenue

Zoning
WDR2*
Parcel Number
5530006018
Total Units
15.0
Living Area
11270
Source Living Area
Vendor Enhanced
Area
West Hollywood Vicinity (C10)
Vacancy Rate
3%
Lot Size Area
10333

Location

Listing Courtesy of Miller & Desatnik Realty Co., Glenn Brander, DRE #01020228

Sold By Miller & Desatnik Realty Co., Glenn Brander, DRE #01020228

Add your commute
LISTING UPDATED: 07/31/2022 09:56 PM

Property Details for 7511 Lexington Avenue

StatusSold
MLS #22-149261
Days on Market49
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1957
Lot Size0.24 AC / 10,333 SF
CountyLos Angeles County

Location

Listing Courtesy of Miller & Desatnik Realty Co., Glenn Brander, DRE #01020228

Sold By Miller & Desatnik Realty Co., Glenn Brander, DRE #01020228

Add your commute

Building Information for 7511 Lexington Avenue

Stories2Residences-Year Built1957Building Size-Lot Size0.24 AC / 10,333 SF

Payment Calculator

$30,698 per month

30 year fixed, 7.25% Interest

Principal and Interest

$30,698

Property Taxes

—

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 7511 Lexington Avenue

Community / Development
Community / Development
  • Number Of Units: 15
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartment
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $351,807
  • Net Operating Income: $225,585.00
  • Gross Income: $362,591
  • Cap Rate: 3.94%
  • Gross Rent Multiplier: $15.79
  • Total Annual Expense: 126222
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.2372
  • Lot Size Square Feet: 10333
  • Lot Size Dimensions: 80x130
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Covered Parking
  • Total Parking: 15
  • Parking Features: Covered
Interior Features
Interior Features
  • Fireplace Features: Living Room, Kitchen, Dining Room
  • Fireplace Rooms: Living Room, Kitchen, Dining
  • Cooling Type: Wall Unit(s), Ceiling Fan
  • Heating Type: Other
  • Equipment: Ceiling Fan, Microwave, Garbage Disposal, Range/Oven, Refrigerator, Washer, Dryer
  • Interior Features: Ceiling Fan(s)
  • Laundry: Washer Included, Dryer Included
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-22-2022
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,125.00
  • Unit Actual Rent: $2,150.00
  • Unit Projected Rent: $2,350.00
  • Like Units: 9
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,002.00
  • Unit Actual Rent: $2,002.00
  • Unit Projected Rent: $3,000.00
  • Like Units: 4
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $1,868.00
  • Unit Actual Rent: $1,868.00
  • Unit Projected Rent: $3,350.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 0
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $956.00
  • Unit Actual Rent: $956.00
  • Unit Projected Rent: $1,650.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $1,859,197.00
  • Assessed Improvement Percent: 40.0
  • Assessed Land Value: $2,788,796.00
  • Assessed Land Percent: 60
  • Assessed Total Value: $4,647,993.00

Property History for 7511 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 7511 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 - 7 to 12
Rating
School
Distance
Gardner Street Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Fairfax Senior High School
Public9 to 12

West Hollywood Opportunity School
Public7 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

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Similar Sold Homes

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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 Miller & Desatnik Realty Co., Glenn Brander, DRE #01020228

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.