5342 Lexington Avenue, Los Angeles, CA 90029

Local realty services provided by:ERA Donahoe Realty
5342 Lexington Avenue,Los Angeles, CA 90029
$2,300,000
  • 12 Beds
  • 10 Baths
  • 8,034 sq. ft.
  • Multi-family
  • Active
Listed by:sevak keshishian
Office:marcus & millichap
MLS#:25555931
Source:CRMLS

Price summary

  • Price:$2,300,000
  • Price per sq. ft.:$286.28

About this home

We are pleased to present 5342 Lexington Avenue, a ten-unit multifamily investment opportunity located in the Little Armenia neighborhood of East Hollywood. This value-add asset will provide the next investor with the opportunity to capture over 38% of rental upside through an interior renovation program and over 57% of rental upside with the addition of ADU income. Constructed in 1963, 5342 Lexington Avenue comprises eight one-bedroom/one-bathroom units, two two-bedroom/one-bathroom units, one non-conforming studio unit, and one non-conforming one-bedroom/one-bathroom unit. Sitting on a 7,500 square foot lot, the parcel is zoned RD1.5XL, making the existing ten units irreplaceable with the current zoning. The roughly 8,034 square feet of improvements boast an average unit size of 800 square feet. All units are individually metered for gas and electricity, and the property provides tenants with an on-site laundry, a central water heater, and eleven parking spaces. Other capital

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Home facts

  • Year built:1963
  • Listing ID #:25555931
  • Added:99 day(s) ago
  • Updated:September 26, 2025 at 10:31 AM

Rooms and interior

  • Bedrooms:12
  • Total bathrooms:10
  • Living area:8,034 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1963
  • Building area:8,034 sq. ft.
  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$2,300,000
  • Price per sq. ft.:$286.28
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