5522 Lexington Avenue is a 10-unit multifamily asset located in the highly desirable Hollywood submarket of Los Angeles, CA. Built in 1962, the property consists of approximately 6,133 square feet on a 0.17-acre lot, offering an efficient unit mix of three studios, six one-bedroom units, and one two-bedroom unit. The… Read More property benefits from a low-density layout with on-site parking and strong in-place operations, making it well-positioned for both stable cash flow and future value enhancement. Situated in a prime rental corridor near major employment hubs, entertainment centers, and retail amenities, the asset offers investors a compelling opportunity to capitalize on significant rental upside. Current rents average approximately $1,261 per unit compared to a market average near $1,980, representing substantial mark-to-market potential. With projected income growth of over 50% and a pro forma NOI more than doubling, 5522 Lexington Avenue presents a classic value-add investment in one of Los Angeles' most supply-constrained and high-demand rental markets. Read Less
Property listed by Matthews Real Estate Investment Services, Daniel Withers 866-889-0550
Listing Snapshot
Days Online
70
Last Updated
Beds
8
Square Ft.
6,130
Lot Size
0.17 Acres
Year Built
1962
MLS Number
26701519
Additional Details
Building
Built in 1962, Living area: 6130.0, 1 building, 2 stories, Levels: MultiSplit
Income
Gross Income: $151,272, Net Operating Income: $76,610
Lot
0.1721 acres, Dimensions: 50x150
Parking
10 total parking spaces
Taxes
Parcel Number: 5536008007, Zoning: LAR4
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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