$2,350,000

5510 Lexington Ave Los Angeles, CA 90038

Hollywood Neighborhood

Estimated payment $15,442/month

Total Views 1,506
1 Bed
2 Baths
11,956 Sq Ft
$197 Price per Sq Ft

Highlights

  • Golf Course Community
  • Hiking Trails
  • Mountainous Community
  • STEM Academy at Bernstein High Rated A-
  • Laundry Room
  • 1-minute walk to Lexington Park

About This Home

Lamlex Lexington is a 20-unit apartment community constructed in 1925. Situated in the Hollywood submarket, the property consists of (16) Studio/One-Bathroom units and (4) One-Bedroom/One-Bathroom units, totaling 480 square feet per unit. The units are separately metered for gas and electric. The property is located minutes away from two major thoroughfares, Santa Monica Blvd, Sunset Blvd, and the 101 Freeway. Residents benefit from the short commute to Downtown Los Angeles and the walking distance to all nearby amenities along Sunset Strip and Santa Monica Blvd.

Listing Agent

Brent Sprenkle

NorthMarq Realty Services, Inc Brokerage Phone: 310-621-8221 License #01290116 Listed on: 04/03/2025

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1925

Lot Details

  • 8,712 Sq Ft Lot
  • Two or More Common Walls
  • Rural Setting
  • Density is up to 1 Unit/Acre

Home Design

  • Apartment

Interior Spaces

  • 11,956 Sq Ft Home
  • 2-Story Property
  • Laundry Room

Bedrooms and Bathrooms

  • 1 Bedroom
  • 2 Bathrooms

Outdoor Features

  • Exterior Lighting
  • Rain Gutters

Location

  • Urban Location
  • Suburban Location

Utilities

  • Water Not Available
  • Sewer Not Available

Listing and Financial Details

  • Legal Lot and Block 6 / 7
  • Tax Tract Number 200
  • Assessor Parcel Number 5536008005
  • $1,815 per year additional tax assessments

Community Details

Overview

  • 20 Units
  • Mountainous Community

Amenities

  • Laundry Facilities

Recreation

  • Golf Course Community
  • Dog Park
  • Hiking Trails
  • Bike Trail

Building Details

  • 20 Separate Electric Meters
  • 20 Separate Gas Meters
  • Operating Expense $139,587
  • Gross Income $260,755
  • Net Operating Income $121,169

Property Details

Home Type

Multi-Family

Year Built

Built in 1925

Lot Details

0

Listing Details

  • CapRate: 5.16
  • Price Per Unit: 117500
  • Property Attached: Yes
  • Zoning: LAC4
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5536008005
  • Year Built: 1925
  • Special Features: None

Interior Features

  • Stories: 2
  • Entry Location: 1
  • Common Walls: 2+ Common Walls
  • Entry Level: 1
  • Price Per Square Foot: 196.55

Exterior Features

  • Pool Private: No

Garage/Parking

  • Parking: No

Utilities

  • Laundry: Yes
  • Laundry Features: Community
  • Sewer: None
  • Water Source: None

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Biking, Curbs, Dog Park, Golf, Hiking, Gutters, Mountainous, Rural, Sidewalks, Storm Drains, Street Lights, Suburban, Urban

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Sq Ft: 8712.00
  • Lot Size Acres: 0.2000

Multi Family

  • Gross Income: 260755.00
  • Gross Multiplier: 8.75
  • Gross Scheduled Income: 260755.00
  • Lot Size Area: 8712.0000 Square Feet
  • Net Operating Income: 121169.00
  • Number Of Separate Electric Meters: 20
  • Number Of Separate Gas Meters: 20
  • Number Of Units Total: 20
  • Operating Expense: 139587.00
  • Rent Control: No
  • Total Expenses: 139587.00

Tax Info

  • Tax Block: 7
  • Tax Census Tract: 1909.01
  • Tax Lot: 6
  • Tax Tract Number: 200
  • TaxOtherAnnualAssessmentAmount: 1815.00

Map

Range of Values:

Collateral Analytics

Collateral Analytics Collateral Analytics AVMs (Automated Valuation Model) employ a number of statistical approaches combined with neighborhood-specific comparable selection guarantees the most up-to-date and precise valuations.

Not Available

Collateral Analytics does not have data for the current month. Please view the chart for historical values.

ICE

ICE Mortgage Technology ICE Mortgage Technology’s AVM (Automated Valuation Model) is a state-of-the-art online residential property valuation tool that provides a quick and accurate estimate of the value of almost any home in the U.S.

Not Available

ICE Mortgage Technology does not have data for the current month. Please view the chart for historical values.

First American

First American First American Data & Analytics’ next-generation AVM combines unrivaled data assets with a blended ensemble of valuation models to produce highly accurate, reliable valuations you can trust.

Not Available

First American does not have data for the current month. Please view the chart for historical values.

Quantarium

Quantarium Quantarium’s valuation service, repeatedly proven the industry’s most accurate and comprehensive, is supercharged with a self-learning and auto-tuning AI engine that continually becomes smarter and more accurate as it processes daily inputs from the industry’s leading RE data lake.

Not Available

Quantarium does not have data for the current month. Please view the chart for historical values.

Average Value
Not Available
List Price
Sold Price
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area

Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/03/2025 04/03/25 For Sale $2,350,000 -- $197 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Similar Homes in the area

  • 4325 Clinton St, Los Angeles, CA 90004

    $2,380,000

    • 1 Bed
    • 1 Bath
    • 4,806 Sq Ft
    • 4325 Clinton St
    • Los Angeles, CA

    Leonardo Laterza of Marcus & Millichap, as the exclusive listing agent, is proud to present a prime multifamily investment opportunity at 4325-4327 Clinton St, located just south of Melrose Ave and north of Rosewood Ave in one of the most desirable pockets of Los Angeles. This corner-lot property spans 7,823 SF, offering easy access to the 101 Freeway and is strategically positioned between

    Leonardo Laterza Marcus & Millichap RE Invest

    Section Image
  • 144 S Catalina St, Los Angeles, CA 90004

    $2,300,000

    • 1 Bed
    • 20,510 Sq Ft
    • 144 S Catalina St
    • Los Angeles, CA

    Shovel-Ready 46-Unit RTI Development in Prime Koreatown: Incredible opportunity to develop a fully RTI-approved 46-unit 100% affordable housing project in the heart of Koreatown—one of the most dynamic and densely populated rental markets in Los Angeles. The 9,024 SF R3-zoned lot is approved for for 2 two-bedroom, 36 one-bedroom units and 8 studios,, totaling approx. 15,703 SF of rentable space

    Rana Khanjani Sync Brokerage

    Section Image
  • 608 N Rampart Blvd, Los Angeles, CA 90026

    $2,395,000

    • 1 Bed
    • 1 Bath
    • 4,040 Sq Ft
    • 608 N Rampart Blvd
    • Los Angeles, CA

    5% CAP* | In-Unit Laundry | In Unit Mini-Split AC | Parking.....We are pleased to present Olive on Rampart, a beautifully curated 7-unit multifamily property ideally located on the border of Echo Park and Silver Lake—two of Los Angeles’ most dynamic and desirable neighborhoods. Originally built in 1924/25 and 1960, the property sits on a 7,313 SF lot with a 4,040 SF building footprint, zoned LARD

    Jared Levine Keller Williams Realty Calabasas

    Section Image
  • 833 S Mariposa Ave, Los Angeles, CA 90005

    $1,799,997

    • 2 Beds
    • 1 Bath
    • 8,165 Sq Ft
    • 833 S Mariposa Ave
    • Los Angeles, CA

    Huge Price Reduction - Exceptional Art Deco Apartment Building in Prime Los Angeles Location! Discover this distinctive 6-unit apartment building and immerse yourself in its Art Deco design with preserved original details that offer a glimpse into classic Los Angeles style. Each of the 6 two bed, one bath units spans a generous 1,350 square feet, providing ample living space with large closets

    Eric Zimmerman BERKSHIRE HATHAWAY HOMESERVICES Crest Real Estate

    Section Image
  • 1325 Douglas St, Los Angeles, CA 90026

    $2,600,000

    • 1 Bed
    • 1 Bath
    • 3,456 Sq Ft
    • 1325 Douglas St
    • Los Angeles, CA

    Discover this prime investment opportunity in Echo Park with this historic 8-unit apartment building. Built in 1923, each charming 1-bed, 1-bath unit offers cozy living spaces. Totaling 3,456 sq ft on a 7,315 sq ft lot, this property is ideal for those seeking urban convenience. Zoned LARD1.5, it's located near Dodger's Stadium, Tsubaki, The Douglas, El Compadre, Stereoscope Coffee, Lowboy,

    Matias Stofenmacher Edgestone Real Estate, Inc.

    Section Image
  • 116 S Mathews St, Los Angeles, CA 90033

    $2,425,000

    • 1 Bed
    • 1 Bath
    • 10,478 Sq Ft
    • 116 S Mathews St
    • Los Angeles, CA

    PROPERTY OVERVIEW (All One Bedrooms / 9.17 GRM*) - As the exclusive listing agent, we are pleased to present the opportunity to acquire Mathews Apartments, a 18-unit multifamily property located in the highly sought-after Boyle Heights submarket of Los Angeles. This property is ideally positioned near major landmarks and offers a living experience in one of the city’s most vibrant and

    Jared Levine Keller Williams Realty Calabasas

    Section Image
  • 13573 Moorpark St, Sherman Oaks, CA 91423

    $2,199,000

    • 2 Beds
    • 1 Bath
    • 3,132 Sq Ft
    • 13573 Moorpark St
    • Sherman Oaks, CA

    Proudly presenting The Moorpark West, a fully occupied and Entirely Reimagined Character 4 unit in the heart of Sherman Oaks, one block away / walking distance to Ventura Blvd, situated on an expansive 10,500sqft Lot with endless possibilities. Perfect option for an Owner/User to live in the unit of their choice, while generating rental income from 3 additional units. All 4 units are 2BD/1BA,

    Arbi Baghoomian Americana Real Estate Services

    Section Image
  • 14638 Vanowen St, Van Nuys, CA 91405

    $2,195,000

    • 1 Bed
    • 1 Bath
    • 6,048 Sq Ft
    • 14638 Vanowen St
    • Van Nuys, CA

    Three (3) adjoining tri-plexes sold together, less than $735K each. All units are one-bedroom, one-bath cottage-style with attached one-car garages and washer and dryer hookups. There is a 40%+ upside. Desirable rental units due to style and location—low-maintenance property and tenants. The total Sqft of all three buildings is (6,048), and the total Sqft of the three parcels is (17,304) as per

    Kifah Azzuz MB Real Estate

    Section Image
See All Homes in Los Angeles

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: OC25072300

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90038 Hollywood

5510 Lexington Ave, Los Angeles, CA

This home is located at 5510 Lexington Ave, Los Angeles, CA 90038 and is currently priced at $2,350,000, approximately $196 per square foot. This property was built in 1925. 5510 Lexington Ave is a home located in Los Angeles County with nearby schools including Joseph Le Conte Middle School, STEM Academy at Bernstein High, and Helen Bernstein High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information

Nearby Homes
Brent Sprenkle
Listing Agent
Brent Sprenkle
Section Image
NorthMarq Realty Services, Inc
(310) 621-8221