5522 Lexington Avenue, Los Angeles, CA 90038

Los Angeles
Local realty services provided by:Nelson Shelton Real Estate ERA Powered
5522 Lexington Avenue,Los Angeles, CA 90038
$1,500,000
  • 8 Beds
  • 10 Baths
  • 6,130 sq. ft.
  • Multi-family
  • Active
Listed by: daniel withers
Office: matthews real estate investment services866-889-0550
MLS#:26701519
Source:CRMLS

Price summary

  • Price:$1,500,000
  • Price per sq. ft.:$244.7

About this home

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 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...

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Home facts

  • Year built:1962
  • Listing ID #:26701519
  • Added:69 day(s) ago
  • Updated:June 19, 2026 at 10:54 AM

Rooms and interior

  • Bedrooms:8
  • Total bathrooms:10
  • Living area:6,130 sq. ft.

Structure and exterior

  • Year built:1962
  • Building area:6,130 sq. ft.
  • Lot area:0.17 Acres

Finances and disclosures

  • Price:$1,500,000
  • Price per sq. ft.:$244.7

Parking

  • Total parking spaces:10
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