5522 Lexington Avenue, Los Angeles, CA 90038
List Price: $1.5M
Listing Status: Pending
Original List Price: $1.7M
0Days on Market: 82
8 Bedrooms · 10 Bathrooms · 6,130 sq ft
Property Type: ResidentialIncome
Year Built: 1962
Lot Size: 7,497 sq ft
MLS Number: 26701519
About This Property
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 Withers DRE #01325901 866-889-0550 daniel.withers@matthews.com, Matthews Real Estate Investment Services
Source: CRMLS, MLS #: 26701519
Belmont Brokerage Inc. (DRE #02431308) is not the listing office for this property. We provide buyer representation and consultation. Any “Schedule a Tour” or “Contact” form on this page contacts a Belmont Brokerage agent — not the listing agent above.