5522 Lexington Ave Los Angeles, CA 90038

$364,500 Sold Price as of 08/15/2000

8 Beds
10 Baths
6,133 Sq.Ft.

Off Market

$364,500 Sold Price as of 08/15/2000 Refinance Your Mortgage

Map preview of 5522 Lexington Ave, Los Angeles, CA 90038

Property Overview: 5522 Lexington Ave Los Angeles, CA has 8 bedrooms, 10 bathrooms, 6,133 living square feet and 7,494 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

5522 Lexington Ave is currently an off market home in the city of Los Angeles. If you are considering making a home purchase, the value you pay for your home will depend on the market you're looking to purchase in. The city of Los Angeles has a median list price of $1,209,000. The median price per/sqft for Los Angeles is $771. With those numbers in mind, if you are looking to purchase a median priced home in Los Angeles, CA and put 20% down you will need to save up $241,800 for the down payment and will need roughly $24,180 for closing costs on top of the down payment. Homeowners who are looking to sell their home could expect to pay an average of 5% (2.5% to the listing agent and 2.5% to the buyers agent) in agent commissions when it comes to selling their home. With the median sale price for a home in Los Angeles the commission could be as much as $56,000. If you're thinking of selling and want to save, contact a local Ardent Real Estate Agent today.

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Sale History for 5522 Lexington Ave

Last sold for $1,875,000 on August 15th, 2018

March, 2021
Mar 3, 2021

Date

Expired

CRMLS: 21678602

$1,960,000

Price
Jan 12, 2021

Date

Active

CRMLS: 21678602

$1,960,000

Price
Listing provided courtesy of CRMLS

I am pleased to present the opportunity to acquire 5522 Lexington Avenue, a 10-unitapartment community in East Hollywood. The property offers investors a unique opportunity to acquire a well-maintained building with stable operating history and remaining rental upside. 5522 Lexington Avenue is situated in between some of the most famous and highly trafficked thoroughfares in Los Angeles, Sunset Boulevard and Santa Monica Boulevard. The property features, on-site parking, on-site laundry and is individually metered for electric and gas. Current ownership has extensively renovated three of the 10 units at the property including adding new appliances, new cabinetry, new flooring, new counter-tops, and upgraded lighting and plumbing fixtures. Renovated units are achieving premiums over the average in-place rents: $331 for studio units and $595 for one-bedroom units.

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January, 2021
Jan 12, 2021

Date

Canceled

CRMLS: 20654496

$2,000,000

Price
Dec 28, 2020

Date

Pending

CRMLS: 20654496

$2,000,000

Price
Nov 2, 2020

Date

Active

CRMLS: 20654496

$2,000,000

Price
Listing provided courtesy of CRMLS

I am pleased to present the opportunity to acquire 5522 Lexington Avenue, a 10-unitapartment community in East Hollywood. The property offers investors a unique opportunity to acquire a well-maintained building with stable operating history and remaining rental upside. The property features, on-site parking, on-site laundry and is individually metered for electric and gas. Current ownership has extensively renovated three of the 10 units at the property including adding new appliances, new cabinetry, new flooring, new counter-tops, and upgraded lighting and plumbing fixtures. Renovated units are achieving premiums over the average in-place rents: $331 for studio units and $595 for one-bedroom units. The continued gentrification of the surrounding area along with the significant value-add potential for a new owner to continue renovating the remaining seven units and achieve superior future returns moving forward make 5522 Lexington an excellent acquisition opportunity.

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August, 2018
Aug 21, 2018

Date

Sold

CRMLS: 18350014

$1,875,000

Price
Jun 21, 2018

Date

Pending

CRMLS: 18350014

$1,975,000

Price
Jun 2, 2018

Date

Active

CRMLS: 18350014

$1,975,000

Price
Listing provided courtesy of CRMLS

Lexington Apartments, a 10 unit value-add repositioning opportunity in the heart of thriving Hollywood. Hollywood continues to be one of the most desirable submarkets in Los Angeles, and has seen tremendous rent increase over 40% since 2010, and still climbing. Hollywood has seen an influx of over $5B in office, retail, hospitality, and multifamily development since 2000, and is one of the fastest growing office markets in the nation.With the tremendous increase of activity and new development in the immediate area, there exists a compelling opportunity to bring units to a level that competes with the other repositioned rent control buildings, while still drafting considerably under new class A & B product. The current market rent for renovated two bedroom units is $2,200, for one bedroom units is $1,700, and for studio units is $1,350.

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August, 2000
Aug 15, 2000

Date

Sold (Public Records)

Public Records

$364,500

Price

Tax History for 5522 Lexington Ave

Assessed Value (2020): $1,914,200

Year	Land Value	Improved Value	Assessed Value
2020	$1,147,500	$766,700	$1,914,200

About 5522 Lexington Ave

Detailed summary of property

5522 Lexington Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90038 and last sold on August 15, 2000 for $364,500. This property has 8 bedrooms, 10 bathrooms, roughly 6,133 living square feet, and sits on an approximately 7,494 square foot lot. Homes in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 67.46% lower than the current median priced home. 5522 Lexington Ave was last sold on August 15, 2000 for $364,500. Local nearby listings include 5633 Carlton Way #204, 935 N Kingsley Dr and 918-1 N Ridegwood Pl. The average home in Los Angeles, CA is selling in 105 days. There are currently 4124 homes for sale in the Los Angeles real estate market and 2828 of them are single family homes while 1171 of them are condos and 118 are townhomes. If you are the homeowner and looking to sell the home at 5522 Lexington Ave Los Angeles, CA 90038 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5522 Lexington Ave

Public county record property details

Beds: 8
Baths: 10
Year built: 1962
Sq. Ft.: 6,133
Lot Size: 7,494
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 8
APN: 5536-008-007

The source for these homes facts are from public records.

90038 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends

Median List Price

$1,299,000

Median List Price/Sq.Ft.

$666

Median Sold Price

$1,089,000

Median Sold Price/Sq.Ft.

$642

Total Inventory

Median Sale to List Price %

90.83%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (25%), Other (0%)

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