5522 Lexington Ave, Los Angeles, CA 90038, USA
Strong Value-Add Opportunity
Approximately 57% rental upside from current rents to market levels
Attractive Unit Mix
10 units consisting of studios, one-bedroom, and a two-bedroom unit catering to a broad tenant base
Prime Hollywood Location
Positioned near major employment, entertainment, and lifestyle amenities driving consistent rental demand
Proven Rental Growth Potential
Market rents significantly exceed current in-place rents across all unit types
Compelling Financial Upside
NOI projected to increase from ±$75K to ±$156K at stabilization
Favorable Basis
Offered between $150K–$170K per unit, below replacement cost in a high-barrier-to-entry market
Stable In-Place Income
Existing tenancy provides immediate cash flow with the ability to implement gradual rent increases
Property Description
5522 Lexington Avenue is a 10-unit multifamily asset located in the highly desirable Hollywood submarket of Los Angeles, CA. Built in 1962, the property consists of approximately 6,133 square feet on a 0.17-acre lot, offering an efficient unit mix of three studios, six one-bedroom units, and one two-bedroom unit. The property benefits from a low-density layout with on-site parking and strong in-place operations, making it well-positioned for both stable cash flow and future value enhancement. Situated in a prime rental corridor near major employment hubs, entertainment centers, and retail amenities, the asset offers investors a compelling opportunity to capitalize on significant rental upside. Current rents average approximately $1,261 per unit compared to a market average near $1,980, representing substantial mark-to-market potential. With projected income growth of over 50% and a pro forma NOI more than doubling, 5522 Lexington Avenue presents a classic value-add investment in one of Los Angeles’ most supply-constrained and high-demand rental markets.
Key Property Information
| Listing Status: | Available |
|---|---|
| Property Types: | Apartment Buildings |
| Price: | $1,700,000 |
| No. of Units: | 10 |
| Cap Rate: | 4.42% |
| GRM /GIM: | 11.24 |
| Average Occupancy: | 100 |
| Year Built: | 1962 |
| Building Size: | 6,133 Sq ft |
| Lot Size: | 0.17 Acres |
| No. of Stories: | 2 |
| APN: | 5536-008-007 |
| Zoning Code: | LAR4 |
| Opportunity Zone: | No |
| Price per unit: | $170,000 |
| Property Website | Click Here |
Unit mix
| Description | No. of Units | Sq ft. | Avg. Monthly Rent |
|---|
FINANCIAL DETAILS
| Income/expense info: | Pro Forma |
|---|---|
| Gross income: | 151272 |
| Effective Gross income: | 149134 |
| Operating expenses: | 74024 |
| Net operating income: | 75110 |
| Pre-tax cashflow: | 75110 |
Additional contacts
| Full name | Phone number | Email address |
|---|---|---|
| Daniel Withers | 3103655054 | [email protected] |
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