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5522 Lexington Avenue — Los Angeles — 8 Beds • 10 Baths • 6,130 Sq Ft | Belmont Brokerage

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$1,500,000

$245/ft²

5522 Lexington Ave, Los Angeles, CA 90038

Property Description

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 of Los Angeles' most supply-constrained and high-demand rental markets.

Listing provided by: Daniel WithersDRE #01325901866-889-0550 daniel.withers@matthews.com, Matthews Real Estate Investment Services

MLS #: 26701519