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$2,820,000

5737 Lexington Avenue
Los Angeles, CA 90038

Residential Income|Sold 06/17/2025
0
Beds
20
Total Baths
10,292
SqFt
$274
/SqFt
1927
Built
County:
Los Angeles
Call Now: (323) 389-5432
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(323) 389-5432
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We are pleased to present 5737 Lexington Ave, a 20-unit multifamily investment opportunity in Hollywood located north of Santa Monica Blvd between N Van Ness Ave & Wilton Pl. The property features a unit mix of 20 singles; renovated units include hardwood floors, updated appliances, tile bathrooms, new cabinetry, and ceiling fans. At the asking price, the property is being offered at a 6.20% CAP rate at 8.75 GRM on current income with an additional 16% rental upside achievable as units turn through continued interior renovations. The property has professional landscaping and a secured, gated entrance with intercom access; significant cap ex has been invested by ownership into the systems and common areas including new security camera system, intercom, common area paint & lighting fixtures, lobby tile flooring, refinished hallway flooring, outdoor furniture, exterior facade paint, and water heater. The building is separately metered for electricity and has an on-site laundry room with two washers and two dryers. High Walk Score of 87, the property is less than a mile from the Metro Red Rail Line, and walking distance to Metro Local Lines along Santa Monica Blvd & Western Ave. This neighborhood of Koreatown is ideally located with a short commute to Los Feliz, West Hollywood, and Koreatown; easy access to the 101 Freeway via Western Ave.

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Listing Snapshot
Bedrooms 
N/A
Total Baths 
20
Full Baths 
N/A
Partial Baths 
N/A
Inside Area (SqFt) 
10,292 sqft
Lot Size 
0.1722 Acres
Year Built 
1927
MLS® Number 
25477487
Status 
Sold
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
4 months agoListing updated with changes from the MLS®
General Features
Acres 
0.1722
Levels 
Two
Number Of Stories 
2
Parking 
None
Special Circumstances 
Standard
SqFt Total 
10292
Zoning 
LAR3
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Community Features
MLS Area 
C20 - Hollywood
Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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