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Image 1 - 5406 Lexington Ave, Los Angeles, California, 90029 - House for sale

Image 2 - 5406 Lexington Ave, Los Angeles, California, 90029 - House for sale

Image 3 - 5406 Lexington Ave, Los Angeles, California, 90029 - House for sale

Image 4 - 5406 Lexington Ave, Los Angeles, California, 90029 - House for sale

Image 5 - 5406 Lexington Ave, Los Angeles, California, 90029 - House for sale

Lexington Ave, Los Angeles, Home For Sale

5406 Lexington Ave, Los Angeles, California, 90029

Lexington Ave, Los Angeles, Home For Sale

house for sale

Listed: 06/29/24

5406 Lexington Ave, Los Angeles, California, 90029

8 Bed:

42 Bath:

25,048 Sq Ft Living Area:

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Price

$ 8M

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About This House

5406 Lexington Ave is a 42-unit multifamily investment opportunity located just off of the 101 Freeway between Fountain Ave and Santa Monica Blvd in Hollywood. The property features a unit mix of 34 singles and 8 one-bedrooms; three singles will be delivered vacant; renovated units include new cabinetry, vinyl-plank flooring, stainless-steel appliances, tile bathrooms, new paint, and wall AC's; ownership has spent $447k on interior unit renovations since 2021; many of the units also feature exposed brick. Additionally, the property includes the adjacent4, 687 SFlot currently used for parking; there are 14 parking spaces in the gated lot. At the asking price, the property is being offered at a 5.54% CAP rate at10.39 GRMon current income with an additional 14% … Full description

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Little Armenia Housing & Living

Household Income

Median household income: $62,474

Number of households: 1,4M

The average household income in Los Angeles, CA grew from $60,197 to $62,474 in the past year. This data is an estimate based upon 1,4M households in Los Angeles, CA.
The chart below presents how household income is distributed in Los Angeles, CA in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Los Angeles, CA compared to median property taxes around the country. The prevalent amount of property taxes in Los Angeles, CA equals $3k+ , which is more than the national average.