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5237 Lexington Avenue
Los Angeles, CA 90029
Sold
5237 Lexington Avenue
Los Angeles, CA 90029
Sold
Situated in a small pocket between Silver Lake, Los Feliz, Hollywood, Hancock Park, and Koreatown, the property sits squarely in the path of gentrification as the surrounding submarkets have each enjoyed substantial improvements over the past decade. This revitalization, and the corresponding rent growth, could soon reach Lexington Avenue, putting the property in prime position to see increased income to the benefit of a new investor. In fact, all three units may be delivered vacant at the close of escrow, which could allow a new owner to immediately set all rents at maximum market amounts. While the front duplex was constructed in 1910, the rear two-bedroom unit and garages were built in 2011 and are not subject to Los Angeles rent control (Buyer to verify). This rear building includes two attached garages, central air/heat, full copper plumbing, and an in-unit washer/dryer. Situated near both the 101 Freeway and multiple Metro Stations, the property allows tenants easy transportation access. Residents are also just a short distance from several of Los Angeles' trendiest neighborhoods, including Franklin Village, Virgil Village, and Larchmont Village. Tenants will be just minutes from East Hollywood's hippest shops and restaurants, including Figaro Bistro, Maru Coffee, Cafecito Organico, All Day Baby, and Hyperion Public.
PROPERTY INFORMATION
| MLS # | 23280485 | Lot Size | 7,528 Sq. Ft. |
| HOA Fees | $0/Monthly | Property Type | N/A |
| Price | $ 1,435,000
Price Per SqFt: $ 501 |
DOM | 715 Days |
| Address | 5237 Lexington Avenue | Type | Residential Income |
| City | Los Angeles | Sq.Ft. | 2,863 Sq. Ft. |
| Postal Code | 90029 | Garage | 2 |
| County | Los Angeles | Year Built | 1910 |
| Bed / Bath | 7 / 0 | Parking | 6 |
| Built In | 1910 | Status | Closed |
| Sold Date | 2023-08-17 |
INTERIOR FEATURES
EXTERIOR FEATURES
WALKSCORE
MAP
MORTGAGE CALCULATOR
- Principal & Interest:
- Property Tax: $1,531
- Home Insurance:$119
- HOA Fees:$0
- Mortgage Insurance:
PRICE HISTORY
| Date | Event | Price |
| 06/14/2023 | Listed | $1,435,000 |
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Listing provided courtesy of Roderick 'Rick' Raymundo, Marcus & Millichap. Based on information from California Regional Multiple Listing Service, Inc. as of #Date#. 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.
