Description
I am pleased to present the opportunity to acquire 5522 Lexington Avenue, a 10-unitapartment community in East Hollywood. The property offers investors a unique opportunity to acquire a well-maintained building with stable operating history and remaining rental upside. 5522 Lexington Avenue is situated in between some of the most famous and highly trafficked thoroughfares in Los Angeles, Sunset Boulevard and Santa Monica Boulevard. The property features, on-site parking, on-site laundry and is individually metered for electric and gas. Current ownership has extensively renovated three of the 10 units at the property including adding new appliances, new cabinetry, new flooring, new counter-tops, and upgraded lighting and plumbing fixtures. Renovated units are achieving premiums over the average in-place rents: $331 for studio units and $595 for one-bedroom units.
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8BEDS
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0.17ACRES
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0BATHS
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01/2 BATHS
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6,133SQFT
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$320$/SQFT
School Ratings & Info
Description
I am pleased to present the opportunity to acquire 5522 Lexington Avenue, a 10-unitapartment community in East Hollywood. The property offers investors a unique opportunity to acquire a well-maintained building with stable operating history and remaining rental upside. 5522 Lexington Avenue is situated in between some of the most famous and highly trafficked thoroughfares in Los Angeles, Sunset Boulevard and Santa Monica Boulevard. The property features, on-site parking, on-site laundry and is individually metered for electric and gas. Current ownership has extensively renovated three of the 10 units at the property including adding new appliances, new cabinetry, new flooring, new counter-tops, and upgraded lighting and plumbing fixtures. Renovated units are achieving premiums over the average in-place rents: $331 for studio units and $595 for one-bedroom units.
Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-02-24T11:42:33.69. 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.