5670 Lexington Avenue Los Angeles, CA ^$ 1,125,000

5670 Lexington Avenue

^$ 1,125,000

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5670 Lexington Avenue

Los Angeles, CA, 90038

^$ 1,125,000

Bedrooms7 Baths3.0 Sq 3,278

Monthly Estimate*

^$ 7,858

Listed by Keller Williams Coastal Prop.

5670 Lexington Avenue, Los Angeles, CA 90038 - Image 1

Multi-Family Home for sale in Los Angeles, CA

for $1,125,000 with 7 bedrooms and 3 full baths. This 3,278 square foot home was built in 1941 on a lot size of 0.1148.

PRIME VALUE-ADD OPPORTUNITY! Welcome to 5670 Lexington Avenue where seller has arranged for all 3 units to be vacant within 45 days This corner-lot triplex located in the vibrant heart of Hollywood. This property presents an exciting opportunity for investors looking to customize and maximize its potential. The property is comprised of 3 distinct units and offers a desirable unit mix. Currently the property has one vacant unit with the remaining two units being vacant within 45-days. This makes it ready to quickly begin renovations. The unit configuration consists of a 3 bedroom/2 bath, a 2 bedroom/1 bath and a 1 bedroom/1 bath. This value-add property offers potential for substantial returns whether you are looking for a property to fix & flip, or a long-term income generating asset. Take advantage of this rare opportunity to shape the future of 5670 Lexington Avenue so it aligns with your investment goals

Multi-Family Active

Price

^$ 1,125,000

Bedrooms

Full Bath

Property Type

Multi-Family

Taxes

^$ 0

Style

Lot Size

0.1148

Year Built

1941

Town/City

Los Angeles

County/Region

Los Angeles

MLS | Web ID

24365121

Days on Market

Features

General

Heating NaturalGas

Zoning LAR3

Year Built 1941

Stories 2

Levels Two

Gross Income 72000.0

County Los Angeles

Net Operating Income 47859.0

New Construction N

Property Type ResidentialIncome

HOA / Comm Assn N

Attached Garage N

Garage Y/N N

Special Listing Conditions Standard

Status ActiveUnderContract

Directions Corner of Wilton and Lexington

City Los Angeles

View Y/N N

Senior Community Y/N N

Total Units 3

MLS Area C20 - Hollywood

Lot Size Square Feet 4999.0

Private Pool N

Waterfront Y/N N

Carport Y/N N

Street Name Lexington

Property Attached Y/N N

Land Lease Y/N N

Home Warranty Y/N N

Property Condition Fixer

Lease Renewal Y/N N

Additional Parcels Y/N N

Lease Considered Y/N N

Rent Control Y/N N

Days on Market 37

Standard Status ActiveUnderContract

Cap Rate 4.25

Exterior

Parking Features None

Total Parking 3.0

Lot Size Area 4999.0

Number of Buildings 1

Spa N

Building Area Total 3278.0

Lot Size Acres 0.1148

Lot Size Units SquareFeet

Crops Included Y/N N

Open Parking Y/N N

Horse Y/N N

Irrigation Water Rights Y/N N

Interior

Total Stories 0

Basement (Y/N) N

Air Conditioning Y/N N

Heating Y/N Y

Fireplace Y/N N

Full Baths 0

Half Baths 0

1/4 Baths 0

3/4 Baths 0

Street Suffix Avenue

Laundry Features Stacked

Total Bedrooms 7

Electric On Property Y/N N

Total Baths 3

Internal Only

Street Number 1 5670

* Excluded Features

List By

Keller Williams Coastal Prop.

Broker

(310) 691-4913

Phone

Affordability Calculator

$7,858

Per Month

Monthly Principal & Interest: $7,858
Monthly Property Taxes: --
Monthly Home Insurance: --

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Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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Nearby

Trends
Schools

Multi-family listings in Los Angeles, CA

Average List Price ^$2,000,821

Percent of Sale Price 78%

About Los Angeles, CA

3,920,026 Population

6% Since 2002

^$55,057 Median Income

36.82 Median Age

27% Households with Children

View more area information

Trends Information provided by ATTOM Data Solutions.

273443 Elementary School

272636 Middle School

Unknown High School High School

See complete school information

Pricing History

Date	Price	Price Change	Description
3/6/2024	$1,125,000		Listed Price

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5670 Lexington Avenue, Los Angeles, CA, 90038 is a Multi-Family Home for sale at $1,125,000 with 3,278 sqft and a lot size of 0.1148. 5670 Lexington Avenue has 7 bedrooms, 3.0 baths, and was built in 1941. The property's zip code is 90038 which is in Los Angeles, CA

*Information deemed reliable but not guaranteed.

Financial calculator disclaimer: Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

Listing data provided courtesy of the Internet Data Exchange Program of the California Regional Multiple Listing Service, Inc..

Based on information from California Regional Multiple Listing Service, Inc. as of 4/27/2024. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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5670 Lexington Avenue

Multi-Family Home for sale in Los Angeles, CA

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