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5670 Lexington Ave, Los Angeles, CA 90038
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5670 Lexington Ave Los Angeles, CA 90038

$1,125,000
  • 6 Beds
  • 4 Baths
  • 3,278 Sq.Ft.
Back Up Offer
$1,125,000 Get Pre-Qualified
Map preview of 5670 Lexington Ave, Los Angeles, CA 90038

Property Overview: 5670 Lexington Ave Los Angeles, CA has 6 bedrooms, 4 bathrooms, 3,278 living square feet and 4,999 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: PRIME VALUE-ADD OPPORTUNITY! Welcome to 5670 Lexington Avenue where seller has arranged for all 3 units to be vacant within 45 days This corner-lot triplex located in the vibrant heart of Hollywood. This property presents an exciting opportunity for investors looking to customize and maximize its potential. The property is comprised of 3 distinct units and offers a desirable unit mix. Currently the property has one vacant unit with the remaining two units being vacant within 45-days. This makes it ready to quickly begin renovations. The unit configuration consists of a 3 bedroom/2 bath, a 2 bedroom/1 bath and a 1 bedroom/1 bath. This value-add property offers potential for substantial returns whether you are looking for a property to fix & flip, or a long-term income generating asset. Take advantage of this rare opportunity to shape the future of 5670 Lexington Avenue so it aligns with your investment goals

Listed by Amie Vines | BRE #02108418 | Keller Williams Coastal Prop.
Last checked: 2 minutes ago | Last updated: April 21st, 2024 | Source CRMLS | DOM: 45
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Home details

Lot Sq. Ft
4,999
HOA Dues
$0/mo
Year built
1941
Garage
--
Property Type:
Multi Family
Status
Back Up Offer
MLS#
24365121
City
Los Angeles
County
Los Angeles
Time on Site
55 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $2,000
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $0
  • Pro Forma/Market Rent: $1,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.25%
  • Gross Rent Multiplier: 15.6
  • Gross Scheduled Income: --
  • Net Operating Income: $47,859
  • Gross Operating Income: $69,840
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 5670 Lexington Ave

Interior Features
Heating Information
  • Has Heating
  • Natural Gas
Laundry Information
  • Has Laundry
  • Stackable
Kitchen Information
  • Has Appliances
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 3
  • No
  • Parking Features: None
Property Information
  • Total # of Units: 3
  • Parcel Number: 5536007025
  • Property Condition: Fixer
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Corner of Wilton and Lexington
View more facts & features

Local Los Angeles Agent

Sale History for 5670 Lexington Ave

Last sold on June 16th, 2011

  • April, 2024

  • Apr 21, 2024

    Date

    Back Up Offer

    CRMLS: 24365121

    $1,125,000

    Price

  • Mar 2, 2024

    Date

    Active

    CRMLS: 24365121

    $1,125,000

    Price

  • June, 2011

  • Jun 16, 2011

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • January, 1996

  • Jan 3, 1996

    Date

    Sold (Public Records)

    Public Records

    $135,000

    Price

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Tax History for 5670 Lexington Ave

Assessed Value (2020): $205,044
Year Land Value Improved Value Assessed Value
2020 $129,107 $75,937 $205,044

Home Value Compared to the Market

This property vs the competition

5670 Lexington Ave is listed 8.98% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $343.2 per/sqft which puts the price per square foot 55.6% lower than the median price per square foot for the city of Los Angeles.

About 5670 Lexington Ave

Detailed summary of property

5670 Lexington Ave is a multi family located in Los Angeles, CA 90038 and is currently in escrow to be sold. This multi family property offers 6 bedrooms, 4 bathrooms, roughly 3,278 living square feet, and sits on an approximately 4,999 square foot lot. 5670 Lexington Ave was first listed on ArdentRealEstateGroup.com on March 6, 2024. The homeowner is currently asking $1,125,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 8.98% lower than the median priced home. Local competing homes currently for sale include 6091 Harold Way, 957 N Ardmore Ave and 1211 N Normandie Ave. While the average home in Los Angeles, CA is selling in 96 days, 5670 Lexington Ave has a days on market of 45 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 5670 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 5670 Lexington Ave

Public county record property details
Beds
7
Baths
3
Year built
1941
Sq. Ft.
3,278
Lot Size
4,998
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
6
APN
5536-007-025

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
$1,375,000
Median List Price/Sq.Ft.
$714
Median Sold Price
$1,110,000
Median Sold Price/Sq.Ft.
$629
Total Inventory
39
Median Sale to List Price %
94.87%
Avg Days on Market
34
Loan Type
Conventional (33.33%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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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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