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4 days ago
Street View
Listed by: Armin Soleimani (310) 666-2246 DRE #01846872, Julio Ruiz DRE #01911261 | Global Platinum Properties, Inc. (424) 394-1030
$1,995,000
Monthly Est:$9,930
10 Beds
8 Baths
6,094sqft
5642 Lexington Ave, Los Angeles, CA 90038
$1,995,000
$9,930/moEst:
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Multi Family
Built in 1956
$-- HOA
7,099 sqft lot
$327/sq.ft
Description
Large 6,094 SF, 8-unit value-add apartment building in the heart of Hollywood, offering strong day-one cash flow at a current 5% cap rate with upside to approximately 7.5% on pro forma rents. Attractively priced at only $249,000 per unit and $327/SF, the property offers a diverse unit mix of 6 spacious one-bedroom units and 2 two-bedroom units. The building sits on a large 7,099 SF LAR3 lot, with plans to add 8 detached ADUs, potentially doubling the property's unit count. Assuming $715,000 in ADU construction costs at $250/SF, the projected all-in basis is only $163,000 per unit and $291/SF, with an 11.7% cap rate on current rents and 14.1% on pro forma rents after compl...
Continue Reading- Houzeo last checked: 3 hours ago
- Listing updated: September 17, 2026 at 6:33 pm
- Source: California Regional MLS-CA | MLS#: 26989249
Part of
Property Details
Status
Active
Type
Multi Family
No. of Stories
2
County
City
Neighborhood
--
Year Built
1956
HOA Fees
-
Finished Area
6,094 sqft
Lot Size
7,099 sqft lot
Basement Area
- sqft
MLS Name
California Regional MLS
MLS Number
26989249
MLS Status
Active
Days on Market
4
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Facts & Features
Rooms
Bedrooms & bathrooms
Bedrooms: 10
Bathrooms: 8
Interior
Appliances
Refrigerator
Heating
Wall Furnace
Utilities & Energy
Parking Features
Uncovered
Price History
| Date | Event | Price |
|---|---|---|
09/16/2026 Source: | Price Increased | $1,995,000 +37.59% $327/sqft |
08/18/2025 Source: | Listed for Sale | $1,450,000 $238/sqft |
08/17/2025 Source: | Contingent (Active Under Contract) | $1,450,000 +1.75% $238/sqft |
08/14/2025 Source: | Listed for Sale | $1,425,000 $234/sqft |
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Based on information from California Regional Multiple Listing Service, Inc. as of Sep 21, 2026, 10:45AM and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Information being provided is for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This website may not include listings or property addresses of sellers who have directed their listing brokers to withhold their listing or their property address from display on the Internet. © 2026 California Regional Multiple Listing Service. All Rights Reserved.
Advertising Broker: William Johnson DRE #01463271 | William Johnson Brokerage
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