• 5670 Lexington Avenue Los Angeles, CA 90038

  • $1,125,000
  • 7
    Bed(s)
  • 0
    Baths
  • 3,278
    Sq Ft
  • 4999
    Sqft
  • Listed By: Amie Vines, Keller Williams Coastal Prop., DRE #02108418
  • Source: CRMLS

PRIME VALUE-ADD OPPORTUNITY! Welcome to 5670 Lexington Avenue where seller has arranged for all 3 units to be vacant within 45 days This corner-lot triplex located in the vibrant heart of Hollywood. This property presents an exciting opportunity for investors looking to customize and maximize its potential. The property is comprised of 3 distinct units and offers a desirable unit mix. Currently the property has one vacant unit with the remaining two units being vacant within 45-days. This makes it ready to quickly begin renovations. The unit configuration consists of a 3 bedroom/2 bath, a 2 bedroom/1 bath and a 1 bedroom/1 bath. This value-add property offers potential for substantial returns whether you are looking for a property to fix & flip, or a long-term income generating asset. Take advantage of this rare opportunity to shape the future of 5670 Lexington Avenue so it aligns with your investment goals

Property Type :

Residential Income

County :

Los Angeles

Style :

Residential Income

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Property Details

 

Bedroom Information

Total Bedrooms : 7

Bathroom Information

Total Baths: 3

Full Baths: 0

Half Baths: 0

Heating Source

Natural Gas

Has Heating

Building Information

Year Built: 1941

Building Area Total: 3,278

Laundry Features

Stacked

Lot Details

Lot Dimensions Source: Vendor Enhanced

Lot Size Acres: 0.1148

Lot Size Source: Vendor Enhanced

Lot Size Square Feet: 4999

Listing Price Information

Original List Price: 1,125,000

Listing Contract Date: 2024-03-02

Lease Information

Listing Agreement: Seller Reserved

Tax Information

Parcel Number: 5536007025

Garage and Parking

Garage Description: None

Homeowners Association

Rental Info

Lease Term: Negotiable

Other Property Info

Source Listing Status: Active Under Contract

Source Neighborhood: C20 - Hollywood

Postal Code Plus 4: 2206

Directions: Corner of Wilton and Lexington

Zoning: LAR3

Source Property Type: Residential Income

Area: C20 - Hollywood

Building and Construction

Property Age: 83

Property Condition: Fixer

Year Built Source: Vendor Enhanced

Total Square Feet Living: 3278

Levels or Stories: Two

Building Total Stories: 2

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847 N Cherokee Avenue, Los Angeles, CA,90038 $1,350,000 2 -- 1,412 6284 Sqft
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5342 Lemon Grove Avenue, Los Angeles, CA,90038 $1,299,000 5 2 1,876 7001 Sqft
6316 W Skye Drive, Los Angeles, CA,90038 $1,675,000 3 4 2,326 1646 Sqft
1203 N Garbo Lane, Los Angeles, CA,90038 $1,450,000 3 3 2,345 1438 Sqft
5837 Willoughby Avenue, Los Angeles, CA,90038 $1,395,000 4 2 1,681 6500 Sqft

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ByOwner last updated this listing 04/30/2024 @ 09:58

MLS: 24365121
LISTED BY: Amie Vines, Keller Williams Coastal Prop.
SOURCE: CRMLS
Buyer Agency Compensation: 2.5%
Buyer Agency Description: The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed and if applicable, to participants of reciprocating MLS's as set forth in Association/MLS reciprocal agreements.

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