Prime Hollywood 8-Unit Apartment Building with (7) 1 Bedroom and 1 Bathroom Units and (1) 2 Bedroom and 1 bathroom Unit with 5 carport parking spaces and 2 uncovered spaces. Excellent Investment Opportunity! Welcome to 5642 Lexington Avenue, a rare opportunity to own an 8-unit multi-family property in the heart of Hollywood. This well-maintained building offers a diverse mix of units with strong rental income potential in one of Los Angeles’ most dynamic and sought-after rental markets. All balconies have been retrofitted per code and the building has a newer composition shingle roof. Situated on a 7,099 sq. ft. lot, the property features ample on-site parking for residents, community laundry facilities, and a secure, low-maintenance setting. Each unit has long term tenants who are all on month to month lease agreements and each unit is individually metered for gas and electricity, maximizing investor flexibility and reducing operating costs. Located just minutes from Sunset Boulevard, Paramount Studios, the Hollywood Media District, and countless restaurants, shopping, and entertainment options, this property boasts a walkable location with easy freeway access. Whether you’re looking to expand your portfolio or secure a stable, income-producing asset in an A+ rental location, 5642 Lexington Ave is a must-see.
Property Details
Price:
$1,450,000
MLS #:
SB25181306
Status:
Active Under Contract
Baths:
0
Address:
5642 Lexington Avenue
Type:
Commercial
Subtype:
Multi Family
Neighborhood:
c20hollywood
City:
Los Angeles
Listed Date:
Aug 14, 2025
State:
CA
ZIP:
90038
Year Built:
1956
Schools
Interior
Cooling
None
Heating
Natural Gas, Wall Furnace
Exterior
Electric
Electricity – On Property, Standard
Fencing
Chain Link, Good Condition, Wrought Iron
Parking Spots
7.00
Roof
Composition, Shingle
Security Features
Carbon Monoxide Detector(s), Smoke Detector(s)
Stories Total
2
Water Source
Public
Financial
Utilities
Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
Map
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5642 Lexington Avenue
Los Angeles, CA
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