Property listed by Lyon Stahl Investment Real Estate, Inc., David Saghian 310-425-9838
$1,300,000
We are pleased to present 7154 Lexington Avenue, a rare five unit multifamily offering located in the heart of West Hollywood, one of Los Angeles' most desirable and supply constrained rental markets. Positioned just minutes from Hollywood and Beverly Grove, the property benefits from immediate access to premier shopping, dining,… Read More and entertainment, driving consistent tenant demand and long term rental stability.The property features an attractive unit mix consisting of three 1 bedroom 1 bath units and two studio units. One of the 1 bedroom 1 bath unit will be delivered vacant at close of escrow, providing immediate upside through owner occupancy or rental repositioning. The building was fully renovated in 2005 and offers updated systems and modernized interiors, including hardwood floors and hand crafted cabinetry, making it a true turnkey investment.Additional highlights include three on site parking spaces, a highly valuable amenity in this dense West Hollywood rental corridor. Offered at a 6% cap rate, 7154 Lexington Avenue presents an exceptional opportunity for investors seeking immediate cash flow, long term appreciation, and a foothold in one of Los Angeles' most vibrant rental markets. Read Less
Listing Snapshot
Days Online
6
Last Updated
Beds
3
Square Ft.
2,104
Lot Size
0.07 Acres
Year Built
1952
MLS Number
26638203
Additional Details
Appliances & Equipment
Dishwasher, Microwave, Refrigerator
Building
Built in 1952, Living area: 2104.0, 1 building, 2 stories, Levels: MultiSplit
Floors
Wood
Income
Gross Income: $110,405, Net Operating Income: $77,941
Lot
0.0674 acres, Dimensions: 60x50
Parking
3 total parking spaces, SharedDriveway
Taxes
Parcel Number: 5531009011, Zoning: WDR3C*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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