NOT LISTED FOR SALE

5702 Lexington Ave Los Angeles, CA 90038

Hollywood Neighborhood

Estimated Value: $2,432,553 - $2,597,000

10 Beds
8 Baths
5,230 Sq Ft
$481/Sq Ft Est. Value

Last Sold April 10, 2017

Last sale price $1,550,000 $296 Per Sq Ft

Est. 62% increase in value since last sale

Current estimated payment $15,547/month

68 Days on Market

Highlights

  • Central Air
  • 6 Car Garage
  • 1-minute walk to Seily Rodriguez Park
  • STEM Academy at Bernstein High Rated A-

About This Home

As of April 2017

Remarks : Rare Property in Hollywood available for sale. The property consists of five large 1 Br + 1 Bath Units, one 2 Br + 1 Bath Units and a main Unit consisting 3 Br and 2 Bath. for a total of 7 units. In addition to the income produced from the units, there is a laundry area where machines can derive an extra $300.00 per month as well. Furthermore, extra storage area is available for installation of the storage units in the back of the house for additional income of $500.00 per month. Some of the units have been renovated including bathroom upgrades. 5702 Lexington Ave is centrally located in Hollywood. While the property is built in 1930?s character, it is an exclusive spot surrounded by Sunset Gower Studios, ArcLight Cinemas and Hollywood Palladium. There are many exquisite restaurants, cafes, farmer? Great access and walking distance from the property. This area is a highly desirable neighborhood

Last Agent to Sell the Property

Samaneh Rezaeian

Rodeo Realty License #01981587 Listed on: 12/01/2016

Rodeo Realty

Last Buyer's Agent

Samaneh Rezaeian

Rodeo Realty License #01981587 Listed on: 12/01/2016

Rodeo Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $22,351

Year Built

  • Built in 1939

Lot Details

  • 7,580 Sq Ft Lot

Interior Spaces

  • 5,230 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 10 Bedrooms
  • 8 Bathrooms

Parking

  • 6 Car Garage
  • Uncovered Parking

Utilities

  • Central Air
  • Cooling System Mounted In Outer Wall Opening
  • Heating System Mounted To A Wall or Window

Community Details

  • 2 Buildings
  • 7 Units

Listing and Financial Details

  • Assessor Parcel Number 5536-006-014

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$22,351

Year Built

Built in 1939

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Living Area: 5230
  • Stories: 2
  • Year Built: 1939
  • Number Of Photos: 2
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 10
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Price Per S Q F T: 334.61

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Garage, Uncovered
  • Total Parking: 6

Utilities

  • Cooling: Central, Wall Unit(s)
  • Heating: Wall

Lot Info

  • Assessed Improvement Value: 163558
  • Assessed Land Value: 654245
  • Assessor Parcel Number: 5536-006-014
  • Geocode Override: No
  • Lot Size Area: 7580

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109, 2110, 2111, 2112
  • Gross Rent Multiplier: 13.66
  • Number Of Units: 7
  • Total Annual Expense: 44818
  • Type Of Units: 0
  • Vacancy Rate: 0

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 1, 2016
Closed on
Feb 22, 2017
Sold by
Jeiranian Rita
Bought by
Sle Enterprises Inc
Seller's Agent
Samaneh Rezaeian
Rodeo Realty
Buyer's Agent
Samaneh Rezaeian
Rodeo Realty
List Price
$1,800,000
Sold Price
$1,550,000
Premium/Discount to List
-$250,000
-13.89%
Current Estimated Value
$2,511,324

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$961,324
Avg. Annual Appreciation
5.96%
Original Mortgage
$930,000
Interest Rate
4.16%
Mortgage Type
Commercial

Purchase Details

Closed on
Jul 30, 2015
Sold by
Jeiranian Davit
Bought by
Jeiranian Rita
Source: Public Records

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Sle Enterprises Inc $1,550,000 Lawyers Title Company
Jeiranian Rita -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Sle Enterprises Inc $1,540,000
Closed Sle Enterprises Inc $1,540,000
Previous Owner Sle Enterprises Inc $930,000
Previous Owner Jeiranian Rita $580,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
04/10/2017 04/10/17 Sold $1,550,000 -11.4% $296 / Sq Ft
02/07/2017 02/07/17 Pending -- -- --
01/05/2017 01/05/17 Price Changed $1,750,000 -2.8% $335 / Sq Ft
12/01/2016 12/01/16 For Sale $1,800,000 -- $344 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $22,351 $1,891,418 $1,160,584 $730,834
2024 $22,351 $1,763,632 $1,137,828 $625,804
2023 $21,935 $1,729,052 $1,115,518 $613,534
2022 $20,949 $1,695,150 $1,093,646 $601,504
2021 $20,680 $1,661,912 $1,072,202 $589,710
2019 $20,081 $1,612,620 $1,040,400 $572,220
2018 $19,899 $1,581,000 $1,020,000 $561,000
2016 $10,529 $817,803 $654,245 $163,558
2015 $10,467 $805,520 $644,418 $161,102
2014 $10,544 $789,742 $631,795 $157,947
Source: Public Records

Agents Affiliated with this Home

  • Samaneh Rezaeian

    Seller's Agent in 2017

    Samaneh Rezaeian

    Rodeo Realty

    (805) 899-1100

    8 Total Sales

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Map

Source: The MLS

MLS Number: 16-184106

The MLS

APN: 5536-006-014

California Los Angeles County Los Angeles 90038 Hollywood

5702 Lexington Ave, Los Angeles, CA

This home is located at 5702 Lexington Ave, Los Angeles, CA 90038 since 01 December 2016 and is currently estimated at $2,514,777, approximately $480 per square foot. This property was built in 1939. 5702 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.

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