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5616 Lexington Ave, Los Angeles, CA 90038
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5616 Lexington Ave Los Angeles, CA 90038

$5,200,000 Sold Price as of 03/30/2023
  • 1521 Beds
  • 0 Baths
  • 13,842 Sq.Ft.
Sold
$5,200,000 Sold Price as of 03/30/2023 Refinance Your Mortgage
Map preview of 5616 Lexington Ave, Los Angeles, CA 90038

Property Overview: 5616 Lexington Ave Los Angeles, CA has 1521 bedrooms, -- bathrooms, 13,842 living square feet and 7,500 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Bankruptcy Sale: Central District of California (Los Angeles) Case No. 2:22-bk-14708 | In re: William Holdings, LLC Bid Deadline: February 16 On-site Inspections: By Appointment Only – January 26, February 2 & 9 at 11 a.m. (meeting at the 126 N. Lake Street property). 5616 Lexington Ave. is part of a 3-building multifamily portfolio in northwestern Los Angeles, with the other two buildings located at: • 1847 N. Cherokee Ave., Los Angeles, CA • 126-128 N. Lake St., Los Angeles, CA The properties are available for purchase individually, in any combination, or in the portfolio’s entirety. This presents an exceptional opportunity to acquire properties near desirable areas and popular attractions, close to Hollywood and downtown Los Angeles. 5616 Lexington Ave. is a multifamily property with 39 units available for rent. The property is mere blocks from both Highway 101 and Santa Monica Blvd. The area features major employment centers as it is close to Paramount Pictures, the Hollywood Bowl, and major retailers like Starbucks, Target and Home Depot.

Listed by Maximilian Rochford | BRE #02192077 | Century 21 Peak
Last checked: 4 minutes ago | Last updated: April 5th, 2023 | Source CRMLS | DOM: 35

Home details

Lot Sq. Ft
7,500
HOA Dues
$0/mo
Year built
1926
Garage
--
Property Type:
Apartment
Status
Sold
MLS#
SR23009657
City
Los Angeles
County
Los Angeles
Time on Site
488 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 39
  • Total # of Buildings: 1
  • # of Electric Meters: 0
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 39
  • # of Beds: 39
  • # of Baths: 0
  • Garage Spaces: 3
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Total Rent: $0
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $484,099
  • Net Operating Income: $302,100
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $183,122
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $0
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 5616 Lexington Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Three Or More
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 36-40 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 39
  • Parcel Number: 5536007005
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Two blocks North of Santa Monica
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Los Angeles Agent

Sale History for 5616 Lexington Ave

Last sold for $5,200,000 on March 30th, 2023

  • March, 2023

  • Mar 30, 2023

    Date

    Sold

    CRMLS: SR23009657

    $5,200,000

    Price

  • Jan 18, 2023

    Date

    Active

    CRMLS: SR23009657

    $7,810,000

    Price

  • June, 2015

  • Jun 9, 2015

    Date

    Sold (Public Records)

    Public Records

    $3,550,000

    Price

  • July, 2008

  • Jul 3, 2008

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 5616 Lexington Ave

Assessed Value (2020): $3,912,233
Year Land Value Improved Value Assessed Value
2020 $2,730,862 $1,181,371 $3,912,233

Home Value Compared to the Market

This property vs the competition

5616 Lexington Ave sold on March 30, 2023 for 556.3% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $564.22 per/sqft which puts the price per square foot 25.27% lower than the current median sale per square foot for the city of Los Angeles.

About 5616 Lexington Ave

Detailed summary of property

5616 Lexington Ave is a apartment that recently sold in Los Angeles, CA 90038. This apartment offered 1521 bedrooms, -- bathrooms, roughly 13,842 living square feet, and sits on an approximately 7,500 square foot lot. 5616 Lexington Ave was first listed on ArdentRealEstateGroup.com on January 18, 2023. The homeowner sold the property for $5,200,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 556.3% higher than the current median priced home. Local homes that are currently for sale include 1627 N Poinsettia Pl, 1651 Redcliff St and 927 S Ardmore Ave. While the average home in Los Angeles, CA is selling in 93 days, 5616 Lexington Ave has a days on market of 35 days. There are currently 3718 homes for sale in the Los Angeles real estate market and 2495 of them are single family homes while 1123 of them are condos and 94 are townhomes. For more information on this home for sale at 5616 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 5616 Lexington Ave

Public county record property details
Beds
--
Baths
--
Year built
1926
Sq. Ft.
13,842
Lot Size
7,499
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
4
APN
5536-007-005

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.
$696
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
40
Median Sale to List Price %
79.44%
Avg Days on Market
17
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

Thinking of Selling?

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(714) 706-1823

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Recently Sold Homes Near 5616 Lexington Ave

5606 Lexington Ave, Los Angeles, CA 90038
$1,900,000 Last Sold Price
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8 Baths
-- Sq.Ft.
5606 Lexington Ave
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5632 Lexington Ave, Los Angeles, CA 90038
$2,000,000 Last Sold Price
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55 Baths
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5632 Lexington Ave
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5540 Lexington Ave, Los Angeles, CA 90038
$1,885,000 Last Sold Price
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4 Baths
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5536 Lexington Ave, Los Angeles, CA 90038
$1,650,000 Last Sold Price
9 Beds
4 Baths
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5536 Lexington Ave
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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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