5853 Lexington Ave Los Angeles, CA 90038

$1,710,000 Sold Price as of 05/21/2019

11 Beds
8 Baths
6,089 Sq.Ft.

Off Market

$1,710,000 Sold Price as of 05/21/2019 Refinance Your Mortgage

Map preview of 5853 Lexington Ave, Los Angeles, CA 90038

Property Overview: 5853 Lexington Ave Los Angeles, CA has 11 bedrooms, 8 bathrooms, 6,089 living square feet and 7,199 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Home Value Compared to the Market

5853 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 $1,250,000. The median price per/sqft for Los Angeles is $777. 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 $250,000 for the down payment and will need roughly $25,000 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 $59,500. 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 5853 Lexington Ave

Last sold for $1,710,000 on May 22nd, 2019

May, 2019
May 22, 2019

Date

Sold

CRMLS: 18417398

$1,710,000

Price
Feb 4, 2019

Date

Pending

CRMLS: 18417398

$1,950,000

Price
Jan 21, 2019

Date

Price Change

CRMLS: 18417398

$1,950,000

Price
Dec 27, 2018

Date

Active

CRMLS: 18417398

$2,075,000

Price
Listing provided courtesy of CRMLS

Fantastic 8 unit apartment building in Hollywood with enormous upside potential, building currently produces a very healthy cash flow with the potential for an even higher cashflow down the line. Building features 5 one bedroom units and 3 two bedroom units. The building is close to everything and surrounded by tons of new development.

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May, 2019
May 21, 2019

Date

Sold (Public Records)

Public Records

$1,710,000

Price
January, 2017
Jan 12, 2017

Date

Sold

CRMLS: 16183546

$1,810,000

Price
Dec 15, 2016

Date

Pending

CRMLS: 16183546

$1,865,000

Price
Nov 30, 2016

Date

Active

CRMLS: 16183546

$1,865,000

Price
Listing provided courtesy of CRMLS
December, 2016
Dec 23, 2016

Date

Sold (Public Records)

Public Records

$1,810,000

Price
December, 2013
Dec 10, 2013

Date

Price Change

CRMLS: 13723557

$1,350,000

Price
Listing provided courtesy of CRMLS

DIAMOND IN THE ROUGH IN PRIME HOLLYWOOD. WALKING DISTANCE TO THE BRONSON STUDIOS AND GOWER GULCH AND HOLLYWOOD FOREVER CEMETERY. HUGE UPSIDE IN RENTS HERE AS THE OWNER HAS NOT INCREASED IN A WHILE. ONE BEDROOM UNITS FETCH $1,350 AND TWO BEDROOMS FETCH $1,600. THESE UNITS ARE LARGE. UNITS HAVE ORIGINAL HARD WOOD FLOORS IN GREAT SHAPE. ALL KITCHENS HAVE GRANITE COUNTERS, NEW SINKS AND FIXTURES AND UPDATED BATHS.PARKING IN THE REAR AND ON SITE LAUNDRY ROOM.PLUMBING IS MOSTLY COPPER AND THE ROOF IS ONLY 6 YEARS OLD. 9.5 X GROSS AT MARKET RENTS!

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September, 2013
Sep 30, 2013

Date

Price Change

CRMLS: 13708183

$1,350,000

Price
Listing provided courtesy of CRMLS

Diamond in the rough in prime Hollywood. Walking distance to the Bronson Studios and Gower Gulch and Hollywood Forever Cemetery. Huge upside in rents here as the owner has not increased in a while. One bedroom units fetch $1,350 and two bedrooms fetch $1,600. These units are large. Units have original hard wood floors in great shape. All kitchens have granite counters, new sinks and fixtures and updated baths.Parking in the rear and on site laundry room.Plumbing is mostly copper and the roof is only 6 years old. 9.5 x gross at market rents!

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Tax History for 5853 Lexington Ave

Assessed Value (2020): $1,745,700

Year	Land Value	Improved Value	Assessed Value
2020	$1,326,000	$419,700	$1,745,700

About 5853 Lexington Ave

Detailed summary of property

5853 Lexington Ave is categorized with a use code of Apartment House (5+ Units) in Los Angeles, CA 90038 and last sold on May 21, 2019 for $1,710,000. This property has 11 bedrooms, 8 bathrooms, roughly 6,089 living square feet, and sits on an approximately 7,199 square foot lot. Homes 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 43.7% higher than the current median priced home. 5853 Lexington Ave was last sold on May 21, 2019 for $1,710,000. Local nearby listings include 6008 Carlton Way, 746 N Ridgewood Pl and 6012 Carlton Way. The average home in Los Angeles, CA is selling in 92 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. If you are the homeowner and looking to sell the home at 5853 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 5853 Lexington Ave

Public county record property details

Beds: 11
Baths: 8
Year built: 1954
Sq. Ft.: 6,089
Lot Size: 7,199
Stories: --

Type: Apartment House (5+ Units)
Pool: No
Spa: No
County: Los Angeles
Lot#: 98
APN: 5534-019-004

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.

$703

Median Sold Price

$715,000

Median Sold Price/Sq.Ft.

$659

Total Inventory

Median Sale to List Price %

79.44%

Avg Days on Market

Loan Type

Conventional (0%), FHA (0%), VA (0%), Cash (50%), Other (0%)

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