Los Angeles, CA 90038 5670 Lexington Avenue

Presented By: Amie Vines with Keller Williams Coastal Prop.;
  • MLS# 24365121
  • 03/06/2024
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  • BedBeds • 7
  • BathBaths • 3
  • FootageSQFT • 3,278

Home Details

PRIME VALUE-ADD OPPORTUNITY! Welcome to 5670 Lexington Avenue where seller has arranged for all 3 units to be vacant within 45 days This corner-lot triplex located in the vibrant heart of Hollywood. This property presents an exciting opportunity for investors looking to customize and maximize its potential. The property is comprised of 3 distinct units and offers a desirable unit mix. Currently the property has one vacant unit with the remaining two units being vacant within 45-days. This makes it ready to quickly begin renovations. The unit configuration consists of a 3 bedroom/2 bath, a 2 bedroom/1 bath and a 1 bedroom/1 bath. This value-add property offers potential for substantial returns whether you are looking for a property to fix & flip, or a long-term income generating asset. Take advantage of this rare opportunity to shape the future of 5670 Lexington Avenue so it aligns with your investment goals
Presented By: Amie Vines with Keller Williams Coastal Prop.;

Interior Features for 5670 Lexington Avenue

Bedrooms

Total Bedrooms7

Bathrooms

1/4 Baths0
3/4 Baths0
Full Baths
Half Baths
Total Baths3

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Electric On Property Y/NNo
Fireplace Y/NNo
Heating Y/NYes
Laundry FeaturesStacked
Street SuffixAvenue
Total Stories

General for 5670 Lexington Avenue

Additional Parcels Y/NNo
Attached Garage No
Cap Rate4.25
Carport Y/NNo
CityLos Angeles
CountyLos Angeles
Days on Market37
DirectionsCorner of Wilton and Lexington
Garage Y/NNo
Gross Income72000.0
HOA / Comm AssnNo
HeatingNaturalGas
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet4999.0
MLS AreaC20 - Hollywood
MobileHomeRemainsYNNo
Net Operating Income47859.0
New ConstructionNo
Private PoolNo
Property Attached Y/NNo
Property ConditionFixer
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActiveUnderContract
StatusActiveUnderContract
Stories2
Street NameLexington
Total Units3
View Y/NNo
Waterfront Y/NNo
Year Built1941
ZoningLAR3

Exterior for 5670 Lexington Avenue

Building Area Total3278.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot Size Acres0.1148
Lot Size Area4999.0
Lot Size UnitsSquareFeet
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesNone
SpaNo
Total Parking3.0

Additional Details

Price History

1527188455

First Team Client Services

Price $1,125,000
MLS#24365121
List Date 03/06/2024
Property Type Multi-Family
Phone 714.964.3311
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