5537 LEXINGTON AVENUE, LOS ANGELES, CA 90038

  • 6,800 sqft
  • Lot Size: 7,499 sqft
  • Built in 1954
  • MLS #19445152
For Sale $2,450,000

Description

5537 Lexington Avenue located in one of LA's strongest rental markets, Hollywood. Built in 1954, this eight unit complex is composed of four (4) one bedroom, one bath units and four (4) two bedroom, one bath units, totaling 6,800 SF on a 7,499 SF lot zoned LAR3. Five units have been tastefully renovated. The subject property is separately metered for gas and electricity and has been nicely maintained, as exhibited by the new windows and the new roof. Situated in prime Hollywood Studio District, the property is located near Santa Monica BL. & Western Ave. in a Qualified Opportunity Zone. It is conveniently accessible to all of the excellent restaurants, shopping and entertainment Hollywood has to offer, making it highly sought after by the young professional tenant. The subject property is also ideally located near the 101 freeway and approximately half mile away from the Metro Red Line Hollywood/Western station. It is deemed "very walkable".

FACTS / FEATURES

  • Built in 1954
  • Lot Size: 7,499 sqft
  • Cooling: Wall/Window Unit(s)

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Listing Provided by Nicole Apostolos, Keller Williams Studio City
Based on information from California Regional Multiple Listing Service, Inc. as of October 25, 2020. 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.