5642 Lexington Avenue
Los Angeles, CA 90038
9
Bed
8
Bath
6,094Sqft
7,099Sqft(Lot)
Large 6,094 SF, 8-unit value-add apartment building in the heart of Hollywood, offering strong day-one cash flow at a current 5% cap rate with upside to approximately 7.5% on pro forma rents. Attractively priced at only $249,000 per unit and $327/SF, the property offers a diverse unit mix of 6 spacious one-bedroom units and 2 two-bedroom units. The building sits on a large 7,099 SF LAR3 lot, with plans to add 8 detached ADUs, potentially doubling the property's unit count. Assuming $715,000 in ADU construction costs at $250/SF, the projected all-in basis is only $163,000 per unit and $291/SF, with an 11.7% cap rate on current rents and 14.1% on pro forma rents after completion. Most recently, the front upstairs unit was completely remodeled with a high-end modern aesthetic, featuring new c
Property Details
Map
Map
What's Nearby
Nearby Areas
Features
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Bedroom Information
Total beds: 9Bathroom Information
Total Baths: 8 -
Interior Features
Appliances: Refrigerator -
Heating & Cooling
Has Heating: Yes Heating: WallFurnace
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Building Information
Year Built: 1956Building Area Total: 6094Stories: 2Private Pool: No
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Lot Information
Main Square Feet: 7099 Lot Size Acres: 0.163 Lot Size Square Feet: 7,099
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Listing Price Information
Listing Price: $1995000
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Tax Information
Parcel Number: 5536007010
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Virtual Tour
Parking Information
Parking Total: 8 Uncovered
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Location Information
Direction: Located between Western and Wilton.
How much is this property worth?
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Nearby Home Value
| Address | Estimate | Bed | Bath | Sq. Ft | Lot Size |
|---|---|---|---|---|---|
| 5540 Lexington Avenue, Los Angeles, CA, 90038 | $2,225,000 | 8 | 4 | 5,334 | 7,497 Sq. Ft |
| 1162 N St Andrews Place, Los Angeles, CA, 90038 | $1,425,000 | 4 | 2 | 3,024 | 5,499 Sq. Ft |
| 5633 La Mirada Avenue, Los Angeles, CA, 90038 | $1,499,000 | 9 | 6 | 3,884 | 6,284 Sq. Ft |
| 5640 Santa Monica Boule.., Los Angeles, CA, 90038 | $24,000,000 | -- | -- | 57,664 | 18,871 Sq. Ft |
| 730 N St Andrews Place, Los Angeles, CA, 90038 | $1,995,000 | 12 | 8 | 5,606 | 8,235 Sq. Ft |
| 714 N St Andrews Place, Los Angeles, CA, 90038 | $1,995,000 | 12 | 10 | -- | 8,234 Sq. Ft |
| 5736 La Mirada Avenue, Los Angeles, CA, 90038 | $1,195,000 | 3 | 3 | 2,375 | 7,502 Sq. Ft |
| 5742 La Mirada Avenue, Los Angeles, CA, 90038 | $1,195,000 | 4 | 2 | 2,574 | 7,502 Sq. Ft |
| 5732 Lexington Avenue, Los Angeles, CA, 90038 | $1,795,000 | 8 | 8 | 6,652 | 7,503 Sq. Ft |
| 1059 N Wilton Place, Los Angeles, CA, 90038 | $939,000 | 3 | 2 | 1,272 | 5,202 Sq. Ft |
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ByOwner last updated this listing 09/18/2026 @ 05:13
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