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5836 Lexington Ave 8 Unit Apartment Building $1,904,300 CAD ($238,038 CAD/Unit) 5.50% Cap Rate Los Angeles, CA 90038
Investment Highlights
- Prime Hollywood Location
- Great Rental Upside Potential (+65%)
- First Time on the Market in 31 Years
- New Upgrades Include Roof, Copper Plumbing, Electrical, and Sewer Line
- Location in an Opportunity Zone
- Full On-Site Parking
Executive Summary
Marcus and Millichap is pleased to present an eight (8) unit apartment building located at 5836 Lexington Ave in Los Angeles, California. The subject property is located in a prime Hollywood location, north of Santa Monica Blvd and west of Van Ness Ave.
Located in a prime Hollywood location, the property features an attractive unit mix of one studio, five one-bedrooms, and two two-bedrooms, with strong rental upside of approximately 65%. The property has newly upgraded systems such as the roof, copper plumbing, electrical, and liner on drain line. Situated in an Opportunity Zone and benefiting from Tier 2 TOC density incentives, the asset presents a compelling value-add opportunity, including the potential to convert existing carport parking into ADUs. The gated and secure property offers on-site parking and boasts dominant access to major commercial corridors including Santa Monica Blvd, Hollywood Blvd, Sunset Blvd, and Western Ave, along with immediate access to the 101 Freeway. The property is also conveniently located near the Hollywood/Vine Metro station and within minutes of premier entertainment, dining, retail, and employment centers.
Overall, the property’s strong unit mix, significant rental upside, and clear value-add potential through ADU conversion of the existing carports position it as a compelling investment opportunity with both immediate income and long-term growth.
For OM, please visit: https://www.lamultifamilydeals.com/properties/5836-lexington-ave
Located in a prime Hollywood location, the property features an attractive unit mix of one studio, five one-bedrooms, and two two-bedrooms, with strong rental upside of approximately 65%. The property has newly upgraded systems such as the roof, copper plumbing, electrical, and liner on drain line. Situated in an Opportunity Zone and benefiting from Tier 2 TOC density incentives, the asset presents a compelling value-add opportunity, including the potential to convert existing carport parking into ADUs. The gated and secure property offers on-site parking and boasts dominant access to major commercial corridors including Santa Monica Blvd, Hollywood Blvd, Sunset Blvd, and Western Ave, along with immediate access to the 101 Freeway. The property is also conveniently located near the Hollywood/Vine Metro station and within minutes of premier entertainment, dining, retail, and employment centers.
Overall, the property’s strong unit mix, significant rental upside, and clear value-add potential through ADU conversion of the existing carports position it as a compelling investment opportunity with both immediate income and long-term growth.
For OM, please visit: https://www.lamultifamilydeals.com/properties/5836-lexington-ave
Financial Summary (Actual - 2025) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,904,300 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $238,038 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.50% | Building Size | 6,026 SF |
| Gross Rent Multiplier | 10.44 | No. Stories | 2 |
| No. Units | 8 | Year Built | 1956 |
| Property Type | Multifamily | Parking Ratio | 1.16/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Zoning | LAR3 | ||
| Price | $1,904,300 CAD |
| Price Per Unit | $238,038 CAD |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| Gross Rent Multiplier | 10.44 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 6,026 SF |
| No. Stories | 2 |
| Year Built | 1956 |
| Parking Ratio | 1.16/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | LAR3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 5 | - | - |
| 2+1 | 2 | - | - |
1 1
Very walkable
80/100
Very drivable
80/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5534-018-022 | Improvements Assessment | $609,357 CAD |
| Land Assessment | $333,673 CAD | Total Assessment | $943,030 CAD |
Property Taxes
Parcel Number
5534-018-022
Land Assessment
$333,673 CAD
Improvements Assessment
$609,357 CAD
Total Assessment
$943,030 CAD
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5836 Lexington Ave
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