5702 Lexington Avenue, Los Angeles, CA 90038

$1,679,000 Approx. USD 0 beds, 0 baths
5,230 sqft

Agent Remarks

Rare Property in Hollywood available for sale. The property consists of five large 1 Br + 1 Bath Units, one 2 Br + 1 Bath Units and a main Unit consisting 3 Br and 2 Bath. for a total of 7 units. In addition to the income produced from the units, there is a laundry area where machines can derive an extra $300.00 per month as well. Furthermore, extra storage area is available for installation of the storage units in the back of the house for additional income of $500.00 per month. Some of the units have been renovated including bathroom upgrades. 5702 Lexington Ave is centrally located in Hollywood. While the property is built in 1930?s character, it is an exclusive spot surrounded by Sunset Gower Studios, ArcLight Cinemas and Hollywood Palladium. There are many exquisite restaurants, cafes, farmer?s market and many more places to enjoy eating and spending time located walking distance from the property. This area is a highly desirable neighborhood, where rental rates are averaging for $1500 for a 1 Br unit and $1800 - $2200 for 2 Br Unit .

Listing Details

Property type: (Multi-Family)
Status: Backup Offer
MLS# SR16066631
List price is $1,679,000 Reduced by $20,000 on 9/13/2016
Beds: 0
Baths: 0
Built in 1939
5,230 sqft
0.17 acres
County: Los Angeles
Property style: Traditional
Lot description: Street Lighting,Back Yard,Sidewalks
Heating description: Wall Heater,Central Furnace
MLS area: Hollywood (C20)

Last Updated: 10/14/2016

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This listing belongs to the Hollywood (C20) MLS area

The style of this listing is Traditional.
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Lat/Long: 34.092487, -118.313744.
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Broker: Courtesy of Titus Realty, Inc.
Listing Agent: Nerses Ananyan
Co Listing Agent: Albert Mouradian

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Total population of , which has changed by % since 1990.
The median age of the population is , while the median age of dwellings is .
Out of households, are families.

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