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5642 Lexington Avenue, Los Angeles, CA 90038

Los Angeles
Local realty services provided by:CENTURY 21 Epic
5642 Lexington Avenue,Los Angeles, CA 90038
$1,950,000
  • 9 Beds
  • 8 Baths
  • 6,094 sq. ft.
  • Multi-family
  • Active
Listed by: julio ruiz
Office: global platinum properties, inc.424-394-1030
MLS#:26104030
Source:CRMLS

Price summary

  • Price:$1,950,000
  • Price per sq. ft.:$319.99

About this home

Price Reduction! Large 6,094 SF, 8-unit value-add apartment building in the heart of Hollywood, offering strong day-one cash flow at a current 5.25% cap rate with upside to approximately 7.6% on pro forma rents. Attractively priced at only $243,000 per unit and $319/SF, the property offers a diverse unit mix of 6 spacious one-bedroom units and 2 two-bedroom units. The building sits on a large 7,099 SF LAR3 lot, with plans to add 8 detached ADUs, potentially doubling the property's unit count. Assuming $715,000 in ADU construction costs at $250/SF, the projected all-in basis is only $160,000 per unit and $286/SF, with a 9% cap rate on current rents and 10.9% on pro forma rents after completion. Most recently, the front upstairs unit was completely remodeled with a high-end modern aesthetic, featuring new cabinetry, vinyl flooring, recessed lighting, a renovated bathroom, an updated HVAC system, an in-unit washer/dryer, and additional upgrades. The property's exterior has also undergone...

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Home facts

  • Year built:1956
  • Listing ID #:26104030
  • Added:2 day(s) ago
  • Updated:October 25, 2026 at 10:31 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:8
  • Kitchen Description:Refrigerator
  • Living area:6,094 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1956
  • Building area:6,094 sq. ft.
  • Lot area:0.16 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$1,950,000
  • Price per sq. ft.:$319.99

Parking

  • Total parking spaces:8
  • Parking description:Uncovered
The information being provided by California Regional MLS (Southern California) is for the consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the California Regional MLS (Southern California). CENTURY 21 Epic is not a Multiple Listing Service (MLS), nor does it offer MLS access. This website is a service of CENTURY 21 Epic, a broker participant of California Regional MLS (Southern California). 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. The accuracy of all information, regardless of source, including but not limited to open house information, square footages and lot sizes, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by California Regional MLS (Southern California) and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2021 California Regional MLS (Southern California). All rights reserved. CRMLS Member Broker: Mike Southwick

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