$2,350,000

5510 Lexington Ave Los Angeles, CA 90038

Hollywood Neighborhood

Estimated payment $14,761/month

Total Views 1,976
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
  • Entry on the 1st floor

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:

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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)

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

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