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5406 LEXINGTON Avenue, Los Angeles, CA 90029

Property Details

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5406 LEXINGTON Avenue
Los Angeles, CA 90029

In Escrow / Under Contract: $7,850,000

Property Type: Commercial Apartments
MLS#: 17269520

  • Building Size: 25048 SF
  • Lot Size: 7501 SF
  • Number of Units: 42
  • Number of Stories: 5
  • Year Built: 1928
  • Days on market: 166
  • Cap Rate: 4.21
  • Net Operating Income: $336,019
  • Gross Scheduled Income: $572,338
  • Rent Control: No
  • GRM: 13.58
  • Contact Listing Agent Direct:
  • Brent Sprenkle, Berkadia

Property Description

The Edgemont is a 42-unit apartment building located in the Hollywood area of Los Angeles. The property consists of a four-story brick structure, plus two penthouse units on the fifth floor over a partial basement. Included with the property is a parking lot for approximately 14 vehicles. All units are master metered for utilities. The property has a center hallway design with two staircases and an elevator. All entrances are secured. There is a small lobby at the front of the property as well as a laundry room and additional storage rooms in the basement. The property is situated on a cul-de-sac and has excellent freeway visibility that provides great leasing exposure. The property boasts architecturally unique features such as four turrets on the upper floor. The unit mix consists of 32 studio apartments with a bathroom and full kitchen, eight units that are one-bedroom with one-bathroom and a full kitchen, as well as two units on the fifth floor that are studios.

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5406 LEXINGTON Avenue, Los Angeles, CA 90029

Based on information from California Regional Multiple Listing Service, Inc. as of January 16, 2018. 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.

Listing provided by: Brent Sprenkle, Berkadia

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