Erick Uribe 3232162168
David Ravanshenas 3237821205

6815 Lexington Ave 5 Unit Apartment Building $1,350,000 ($270,000/Unit) 5.74% Cap Rate Los Angeles, CA 90038

INVESTMENT HIGHLIGHTS

All units are separately metered for gas and electricity.
Approximately 10% of potential rental upside.

Corner lot with 2 independent structures.

EXECUTIVE SUMMARY

6815 Lexington Avenue is a 5 unit multifamily property in Hollywood that is on the market for the first time since 1999. The property consists of a four unit structure and a separate, standalone house that was recently renovated and fully legalized as an ADU. Although it was originally built in 1923, the property has been professionally maintained and managed for over 25 years. The five units are situated on a 4,718 SF lot at the corner of Lexington Ave. and Citrus Ave., within walking distance to Highland and Santa Monica Blvd. Its central location ensures strong rental demand and upside for the foreseeable future.

6815 Lexington Avenue_OM_updated

PROPERTY FACTS

Price	$1,350,000	Property Subtype	Apartment
Price Per Unit	$270,000	Building Class	C
Sale Type	Investment	Lot Size	0.10 AC
Cap Rate	5.74%	Building Size	3,369 SF
Gross Rent Multiplier	12.9	No. Stories	2
No. Units	5	Year Built	1923
Property Type	Multifamily	Parking Ratio	1.48/1,000 SF
Zoning	R-4 - Multiple Dwelling R3 Uses, Churches, Schools, Childcare, Homeless Shelter

Price	$1,350,000
Price Per Unit	$270,000
Sale Type	Investment
Cap Rate	5.74%
Gross Rent Multiplier	12.9
No. Units	5
Property Type	Multifamily
Property Subtype	Apartment
Building Class	C
Lot Size	0.10 AC
Building Size	3,369 SF
No. Stories	2
Year Built	1923
Parking Ratio	1.48/1,000 SF
Zoning	R-4 - Multiple Dwelling R3 Uses, Churches, Schools, Childcare, Homeless Shelter