Log In/Sign Up
Your email has been sent.
5661 Lexington Ave 5661 Lexington Ave 21 Unit Apartment Building $5,397,873 CAD ($257,042 CAD/Unit) 6% Cap Rate Los Angeles, CA 90038
Investment Highlights
- Prime Location: Close to entertainment and business hubs in Hollywood. In Opportunity Zone
- Recent Improvements: Newer cement driveway and parking area (2016), earthquake retrofit completed (2016)
- Additional Revenue: Leased laundry and dry machines generate approximately $250 per month.
- Upgraded Features: Copper plumbing throughout, and updated windows (2015).
- Income Potential: Approximately 32% upside in rents.
Executive Summary
Total Commercial Inc. is pleased to present an exceptional investment opportunity in the heart of Hollywood. This 21-unit apartment building is situated near key attractions such as the STEM Academy of Hollywood, Netflix HOME Theater, and the vibrant Hollywood district. The property consists of 4 1 bed & Den 1 bath, 11 1 bed 1 bath and 6 Studios
Please email me at Brian@TcomApts.com to get the Operating Memorandum.
Please email me at Brian@TcomApts.com to get the Operating Memorandum.
Property Facts
| Price | $5,397,873 CAD | Building Class | C |
| Price Per Unit | $257,042 CAD | Lot Size | 0.34 AC |
| Sale Type | Investment | Building Size | 12,012 SF |
| Cap Rate | 6% | Average Occupancy | 100% |
| Gross Rent Multiplier | 10.43 | No. Stories | 2 |
| No. Units | 21 | Year Built | 1968 |
| Property Type | Multifamily | Parking Ratio | 1.75/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | R3-1, Los Angeles - In Opportunity Zone | ||
| Price | $5,397,873 CAD |
| Price Per Unit | $257,042 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Gross Rent Multiplier | 10.43 |
| No. Units | 21 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.34 AC |
| Building Size | 12,012 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1968 |
| Parking Ratio | 1.75/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | R3-1, Los Angeles - In Opportunity Zone |
Amenities
Unit Amenities
- Heating
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Laundry Facilities
- Security System
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 4 | - | - |
| 1+1 | 11 | - | - |
| Studios | 6 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5536-004-034 | Improvements Assessment | $1,976,452 CAD |
| Land Assessment | $2,823,503 CAD | Total Assessment | $4,799,955 CAD |
Property Taxes
Parcel Number
5536-004-034
Land Assessment
$2,823,503 CAD
Improvements Assessment
$1,976,452 CAD
Total Assessment
$4,799,955 CAD
1 of 9
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Total Commercial, Inc.
5661 Lexington Ave | 5661 Lexington Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.