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6467 Lexington Ave, Los Angeles, CA 90038
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6467 Lexington Ave Los Angeles, CA 90038

$1,545,000 Sold Price as of 03/17/2021
  • 3 Beds
  • 8 Baths
  • 3,264 Sq.Ft.
Sold
$1,545,000 Sold Price as of 03/17/2021 Refinance Your Mortgage
Map preview of 6467 Lexington Ave, Los Angeles, CA 90038

Property Overview: 6467 Lexington Ave Los Angeles, CA has 3 bedrooms, 8 bathrooms, 3,264 living square feet and 6,002 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: We are pleased to present 6467 Lexington Ave in the heart of Hollywood California! This is the first time the property has been on the market in 17 years! This pride of ownership is easy to manage with solid in-place rents. Currently operating at a 4.7% CAP rate, 6467 Lexington Ave still offers tremendous upside as the tenants enjoy peace, privacy, and security provided by a courtyard and a gated/fenced surrounding. The subject property offers a great unit mix of (1) 2/1.75 (.75 bath may be unpermitted, buyer to verify), (1) 1/1, and (5) studios all with central air and A/C.

Listed by Stephen Takahashi | BRE #01944770 | Lyon Stahl Investment Real Estate, Inc.
Co-listed by John Stiegler II | BRE #01981597 | Lyon Stahl Investment Real Estate, Inc.
Last checked: 18 seconds ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 110

Home details

Lot Sq. Ft
6,002
HOA Dues
$0/mo
Year built
1921
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
SB20200960
City
Los Angeles
County
Los Angeles
Time on Site
1213 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 7
  • Total # of Buildings: 1
  • # of Electric Meters: 7
  • # of Gas Meters: 1
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,855
  • Total Rent: $2,855
  • Pro Forma/Market Rent: $2,995
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,480
  • Total Rent: $1,480
  • Pro Forma/Market Rent: $1,995
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,500
  • Total Rent: $1,500
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,235
  • Total Rent: $1,235
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,250
  • Total Rent: $1,250
  • Pro Forma/Market Rent: $1,600
Unit Breakdown 7
  • # of Units: 1
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,375
  • Total Rent: $1,375
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.74%
  • Gross Rent Multiplier: 13.52
  • Gross Scheduled Income: $132,780
  • Net Operating Income: $85,139
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $41,002
  • Electric: $5,600
  • Gas/Fuel: $0
  • New Taxes: $22,438
  • Trash: $0
  • Insurance: $1,142
  • Professional Management: $5,311
  • Water/Sewer: $0

Property Details for 6467 Lexington Ave

Interior Features
Laundry Information
  • Has Laundry
  • Community
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Lot Information
  • Lot Features: 6-10 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 7
  • Parcel Number: 5533001049
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Northbound on Cahuenga Blvd turn left onto Lexington Ave. Property is on the right.
Neighborhood Information
  • Community Features: Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 6467 Lexington Ave

Last sold for $1,545,000 on March 17th, 2021

  • March, 2021

  • Mar 25, 2021

    Date

    Sold

    CRMLS: SB20200960

    $1,545,000

    Price

  • Jan 13, 2021

    Date

    Pending

    CRMLS: SB20200960

    $1,795,000

    Price

  • Nov 11, 2020

    Date

    Price Change

    CRMLS: SB20200960

    $1,795,000

    Price

  • Oct 28, 2020

    Date

    Active

    CRMLS: SB20200960

    $1,895,000

    Price

  • Sep 30, 2020

    Date

    Active Under Contract

    CRMLS: SB20200960

    $1,895,000

    Price

  • Sep 25, 2020

    Date

    Active

    CRMLS: SB20200960

    $1,895,000

    Price

  • July, 2011

  • Jul 1, 2011

    Date

    Sold (Public Records)

    Public Records

    $100,000

    Price

  • March, 2003

  • Mar 28, 2003

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 6467 Lexington Ave

Assessed Value (2020): $813,432
Year Land Value Improved Value Assessed Value
2020 $561,045 $252,387 $813,432

Home Value Compared to the Market

This property vs the competition

6467 Lexington Ave sold on March 17, 2021 for 50.84% 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 $549.94 per/sqft which puts the price per square foot 27.16% lower than the current median sale per square foot for the city of Los Angeles.

About 6467 Lexington Ave

Detailed summary of property

6467 Lexington Ave is a multi family that recently sold in Los Angeles, CA 90038. This multi family property offered 3 bedrooms, 8 bathrooms, roughly 3,264 living square feet, and sits on an approximately 6,002 square foot lot. 6467 Lexington Ave was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $1,545,000. 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 50.84% higher than the current median priced home. Local homes that are currently for sale include 2118 N Woodland Way, 716 N Van Ness Ave and 6920 Camrose Dr. While the average home in Los Angeles, CA is selling in 93 days, 6467 Lexington Ave has a days on market of 110 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 6467 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 6467 Lexington Ave

Public county record property details
Beds
3
Baths
7
Year built
1921
Sq. Ft.
3,264
Lot Size
6,002
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
25
APN
5533-001-049

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.
$706
Median Sold Price
$715,000
Median Sold Price/Sq.Ft.
$659
Total Inventory
42
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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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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