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5632 Lexington Ave #5, Los Angeles, CA 90038
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5632 Lexington Ave #5 Los Angeles, CA 90038

$2,000,000 Sold Price as of 10/01/2021
  • 62 Beds
  • 55 Baths
  • 7,368 Sq.Ft.
Sold
$2,000,000 Sold Price as of 10/01/2021 Refinance Your Mortgage
Map preview of 5632 Lexington Ave #5, Los Angeles, CA 90038

Property Overview: 5632 Lexington Ave #5 Los Angeles, CA has 62 bedrooms, 55 bathrooms, 7,368 living square feet and 7,499 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Price reduction of $145K!!! Seller motivated. Great opportunity to own a ten unit property in up-and-coming located East Hollywood. Property has not been on the market for 50 years and has huge upside potential! Building consists of eight 1 bedroom/1bath units and two 2 bedroom/2 bath units and comes with ten gated parking spaces. Well maintained building already has been seismic earthquake retrofitted. Property has easy access to the Metro Red Line, 101, 10, and 110 freeway and close to Los Feliz, Silver Lake, and DTLA. Market rents would give this property a potential 11.9 GRM and 5.7% Cap. Don't miss out on this opportunity to improve on this gem!

Listed by Will Tiao | BRE #01918965 | The Collective Realty
Last checked: 12 minutes ago | Last updated: August 18th, 2023 | Source CRMLS | DOM: 103

Home details

Lot Sq. Ft
7,499
HOA Dues
$0/mo
Year built
1962
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
21722344
City
Los Angeles
County
Los Angeles
Time on Site
1104 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 10
  • Total # of Buildings: 1
  • # of Leased Units: 10
  • # of Electric Meters: 10
  • # of Gas Meters: 10
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,248
  • Total Rent: $1,248
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 2
  • # of Units: 10
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $675
  • Total Rent: $675
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $661
  • Total Rent: $661
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 3
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $656
  • Total Rent: $656
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 5
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $707
  • Total Rent: $707
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 6
  • # of Units: 5
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $736
  • Total Rent: $736
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 7
  • # of Units: 6
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,222
  • Total Rent: $1,222
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 8
  • # of Units: 7
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $623
  • Total Rent: $623
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 9
  • # of Units: 8
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $910
  • Total Rent: $910
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 10
  • # of Units: 9
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $665
  • Total Rent: $665
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 23.13
  • Gross Scheduled Income: --
  • Net Operating Income: $55,084
  • Gross Operating Income: $97,236
  • # of Rented Garages: 0
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

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Property Details for 5632 Lexington Ave #5

Interior Features
Laundry Information
  • Has Laundry
  • Washer Included, Dryer Included, In Garage, Community, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet, Wood
  • Walk-In Closet
Kitchen Information
  • Has Appliances
  • Electric Oven, Range Hood
Interior Features
  • Levels: Two
  • Security Features: Automatic Gate
Exterior Features
Exterior Information
  • Roof: Rolled/Hot Mop
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 10
  • Has Parking
  • Parking Features: Community Structure, Controlled Entrance
Lot Information
  • Lot Features: Lawn, Front Yard
Property Information
  • Has View
  • View: City Lights
  • Total # of Units: 10
  • Parcel Number: 5536007008
  • Foundation Details: Quake Bracing
  • Accessibility Features: None
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Sewer Paid
Location / Neighborhood
Location Information
  • Directions: west of the 101 freeway, north of Santa Monica Blvd. off of Lexington Ave.
View more facts & features

Local Los Angeles Agent

Sale History for 5632 Lexington Ave #5

Last sold for $2,000,000 on October 1st, 2021

  • August, 2023

  • Aug 18, 2023

    Date

    Canceled

    CRMLS: 23272171

    $2,150

    Price

  • May 19, 2023

    Date

    Active

    CRMLS: 23272171

    $2,150

    Price

  • Listing provided courtesy of CRMLS

    Welcome to this fully renovated 1 bed, 1 bath unit located in the heart of Hollywood! With its open floor plan, recessed lighting, and stunning kitchen, this unit is perfect for those seeking a comfortable and stylish living space. As you step inside, you'll immediately notice the bright and airy rooms, allowing natural light to fill the space and create a warm atmosphere. The spacious-sized bedroom offers plenty of room for relaxation and includes ample closet space. The updated bathroom features modern fixtures and a sleek design. Additionally, the apartment complex offers convenient community laundry facilities, ensuring that you'll never have to worry about trips to the laundromat. For those with a vehicle, you'll have the convenience of a dedicated oversized carport parking space. Located in prime Hollywood, you'll have easy access to an array of dining, shopping, and entertainment options. Experience the vibrant energy of the neighborhood, with its bustling nightlife, famous landmarks, and proximity to major attractions. Don't miss out on the opportunity to make this charming Hollywood apartment your new home. Schedule a viewing today and discover the perfect blend of comfort, style, and convenience.

  • October, 2021

  • Oct 2, 2021

    Date

    Sold

    CRMLS: 21722344

    $2,000,000

    Price

  • Aug 18, 2021

    Date

    Pending

    CRMLS: 21722344

    $2,250,000

    Price

  • Jul 2, 2021

    Date

    Price Change

    CRMLS: 21722344

    $2,250,000

    Price

  • Jun 1, 2021

    Date

    Active

    CRMLS: 21722344

    $2,395,000

    Price

  • May 17, 2021

    Date

    Active Under Contract

    CRMLS: 21722344

    $2,395,000

    Price

  • May 7, 2021

    Date

    Active

    CRMLS: 21722344

    $2,395,000

    Price

Show More

Tax History for 5632 Lexington Ave #5

Assessed Value (2020): $267,353
Year Land Value Improved Value Assessed Value
2020 $55,125 $212,228 $267,353

Home Value Compared to the Market

This property vs the competition

5632 Lexington Ave #5 sold on October 1, 2021 for 89.08% 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 $305.37 per/sqft which puts the price per square foot 59.55% lower than the current median sale per square foot for the city of Los Angeles.

About 5632 Lexington Ave #5

Detailed summary of property

5632 Lexington Ave #5 is a multi family that recently sold in Los Angeles, CA 90038. This multi family property offered 62 bedrooms, 55 bathrooms, roughly 7,368 living square feet, and sits on an approximately 7,499 square foot lot. 5632 Lexington Ave #5 was first listed on ArdentRealEstateGroup.com on May 13, 2021. The homeowner sold the property for $2,000,000. 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 89.08% higher than the current median priced home. Local homes that are currently for sale include 801 N Alexandria Ave, 428 N Harvard Blvd and 6410 La Mirada. While the average home in Los Angeles, CA is selling in 93 days, 5632 Lexington Ave #5 has a days on market of 103 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 5632 Lexington Ave #5 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 5632 Lexington Ave #5

Public county record property details
Beds
12
Baths
12
Year built
1962
Sq. Ft.
7,368
Lot Size
7,498
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
7
APN
5536-007-008

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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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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