6423 Lexington Ave
Property Description
6423 Lexington (the "Colex Apartments") is an 8-unit, two-story 1959 building on a 6,915 sf corner lot at Lexington and Cole in the Hollywood Media District, zoned LARD1.5, 7,449 sf of living area, 8 parking spaces (6 covered, gated tandem for the big unit). Unit mix is one 4bd/3ba plus seven 2bd/1ba. This is the East Hollywood side of the Media District, a few blocks from Netflix on Vine, Sunset Gower and Sunset Bronson, Paramount, and a heavy concentration of post-production shops, with new mid-rise apartments going up along Lexington (5806 and 5817 Lexington are recent examples). Renter demand from is real and the walkability is excellent. This 8-unit apartment building is perfectly positioned to attract tenants seeking a vibrant urban lifestyle in the heart of Hollywood. Whether you're looking for steady cash flow, significant upside potential, or a pride-of-ownership property in one of L.A.'s most dynamic submarkets, 6423 Lexington is a unique opportunity that checks all the boxes. So much happening in this neighborhood that makes it an investment to jump on!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,250,000 |
| No. of Units: | 8 |
| Year Built: | 1959 |
| Lot Size: | 7,449.00 Sq ft |
| Opportunity Zone: | No |
| Price per unit: | $281,250 |
| Property Website | Click Here |
| Number of Bedrooms: | 17 |
| Number of Bathrooms: | 10 |
ID: 3yd-CLAWCA-26835681
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