5642 Lexington Avenue, Los Angeles, CA 90038

Los Angeles
Local realty services provided by:ERA North Orange County Real Estate
5642 Lexington Avenue,Los Angeles, CA 90038
$1,995,000
  • 9 Beds
  • 8 Baths
  • 6,094 sq. ft.
  • Multi-family
  • Active
Listed by: armin soleimani, julio ruiz
Office: global platinum properties, inc.424-394-1030
MLS#:26989249
Source:CRMLS

Price summary

  • Price:$1,995,000
  • Price per sq. ft.:$327.37

About this home

Large 6,094 SF, 8-unit value-add apartment building in the heart of Hollywood, offering strong day-one cash flow at a current 5% cap rate with upside to approximately 7.5% on pro forma rents. Attractively priced at only $249,000 per unit and $327/SF, the property offers a diverse unit mix of 6 spacious one-bedroom units and 2 two-bedroom units. The building sits on a large 7,099 SF LAR3 lot, with plans to add 8 detached ADUs, potentially doubling the property's unit count. Assuming $715,000 in ADU construction costs at $250/SF, the projected all-in basis is only $163,000 per unit and $291/SF, with an 11.7% cap rate on current rents and 14.1% on pro forma rents after completion. Most recently, the front upstairs unit was completely remodeled with a high-end modern aesthetic, featuring new cabinetry, vinyl flooring, recessed lighting, a renovated bathroom, an updated HVAC system, an in-unit washer/dryer, and additional upgrades. The property's exterior has also undergone extensive...

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Home facts

  • Year built:1956
  • Listing ID #:26989249
  • Added:9 day(s) ago
  • Updated:September 26, 2026 at 10:50 AM

Rooms and interior

  • Bedrooms:9
  • Total bathrooms:8
  • Kitchen Description:Refrigerator
  • Living area:6,094 sq. ft.

Heating and cooling

  • Heating:Wall Furnance

Structure and exterior

  • Year built:1956
  • Building area:6,094 sq. ft.
  • Lot area:0.16 Acres
  • Levels:2 Story

Finances and disclosures

  • Price:$1,995,000
  • Price per sq. ft.:$327.37

Parking

  • Total parking spaces:8
  • Parking description:Uncovered
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