Welcome to this exceptional opportunity in the heart of the Hollywood Media District one of L.A.'s most vibrant and sought-after rental markets. This 8-unit apartment building, offers a rare blend of in-place income, value-add potential, making it an incredible investment! Located in a walkable, high-demand neighborhood surrounded by new multifamily… Read More developments, mixed-use projects, and entertainment-focused facilities like movie studios and post-production houses, 6423 Lexington is perfectly positioned to attract tenants seeking a vibrant urban lifestyle in the heart of Hollywood. To be delivered vacant, located on Lexington, the largest unit is a 4 bedroom 2.5 baths (or 3 Bed + studio (with its own entrance), gated tandem parking and secure outdoor patio. All other units, located on Cole, are 2 bedroom + one bath units; all offer 1 car parking. In total 2 units (big 4+2.5 Unit and one 2+1) will be delivered vacant. Whether you're looking for steady cash flow, significant upside potential, or a pride-of-ownership property in one of L.A.'s most dynamic submarkets, 6423 Lexington is a unique opportunity that checks all the boxes. So much happening in this neighborhood that makes it an investment to jump on! Read Less
Property listed by Compass, Angelo Fierro 310-652-6285
Listing Snapshot
Days Online
22
Last Updated
Beds
17
Square Ft.
7,449
Lot Size
0.16 Acres
Year Built
1959
MLS Number
26835681
Additional Details
Appliances & Equipment
Washer
Building
Built in 1959, Living area: 7449.0, 1 building, 2 stories, Levels: Two
Community
Gated
Disclosures
RentControl
Expenses
Insurance: $14,373, Maintenance: $3,612, Water/Sewer: $17,041, Other Expense: $5,304
Heating
Central, WallFurnace
Income
Gross Income: $282,300, Net Operating Income: $239,353
Laundry
LaundryRoom
Lot
0.1587 acres, FrontYard
Parking
6 carport spaces, 8 total parking spaces, AttachedCarport, Covered, Carport
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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