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5828-5832 Lexington Ave 6 Unit Apartment Building $1,195,000 ($199,167/Unit) 3.72% Cap Rate Los Angeles, CA 90038

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INVESTMENT HIGHLIGHTS

6 Units
Prime Hollywood location in an up-and-coming neighborhood
Close proximity to studios, restaurants, nightlife, and retail corridors

(1) 2+1 House, (Mix of 1+1 and 2+1 units in rear, total
Surrounded by new development and revitalization projects
Easy access to major freeways and public transportation

EXECUTIVE SUMMARY

5828 Lexington Ave offers an incredible Hollywood investment opportunity with a 6-unit property on a large 7,500 SF lot. The front house features a charming 2-bedroom, 1-bath residence, complemented by five additional units in the rear comprised of a mix of one-bedroom and two-bedroom apartments. With a total building size of 3,870 SF, this property represents one of the lowest cost entry points in the area at just $1,195,000, making it one of the cheapest price-per-unit offerings available.
Currently under market rents, the property provides investors with an attractive 68% rental upside. The LAR3 zoning also adds long-term redevelopment potential. This creates a value-add opportunity for investors to improve the property and increase income.

5828 Lexington Ave_compressed-2

PROPERTY FACTS

Price	$1,195,000	Apartment Style	Low-Rise
Price Per Unit	$199,167	Building Class	C
Sale Type	Investment	Lot Size	0.18 AC
Cap Rate	3.72%	Building Size	3,801 SF
Sale Condition	1031 Exchange	Average Occupancy	100%
Gross Rent Multiplier	13.08	No. Stories	1
No. Units	6	Year Built	1946
Property Type	Multifamily	Parking Ratio	1.81/1,000 SF
Property Subtype	Apartment	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R3-1

Price	$1,195,000
Price Per Unit	$199,167
Sale Type	Investment
Cap Rate	3.72%
Sale Condition	1031 Exchange
Gross Rent Multiplier	13.08
No. Units	6
Property Type	Multifamily
Property Subtype	Apartment
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.18 AC
Building Size	3,801 SF
Average Occupancy	100%
No. Stories	1
Year Built	1946
Parking Ratio	1.81/1,000 SF
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	R3-1

UNIT AMENITIES

Air Conditioning
Storage Space

Heating
Refrigerator

Range

Tub/Shower

SITE AMENITIES

24 Hour Access
Controlled Access

Laundry Facilities
Tenant Controlled HVAC

Private Bathroom

Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION	NO. UNITS	AVG. RENT/MO	SF
1+1	3	-	-
2+1	3	-	-

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Walk Score®

Walker's Paradise (90)

Bike Score®

Very Bikeable (75)

What is a Walk Score®, Transit Score® & Bike Score®?

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Transit Score® measures access to public transit.

Bike Score® measures bikeability of a location.

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, Transit Score® & Bike Score?

Walk Score® measures the walkability

of any address. Transit Score®

measures access to public transit. Bike Score®

measures bikeability of a location.®

Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number	5534-018-021	Improvements Assessment	$227,578
Land Assessment	$116,273	Total Assessment	$343,851

PROPERTY TAXES

Parcel Number

5534-018-021

Land Assessment

$116,273

Improvements Assessment

$227,578

Total Assessment

$343,851

(310) 383-5927

CONTACTS

Chase Simonton
John Sarna
RE/MAX One - Simonton Commercial Group

Listing ID: 37963742
Date on Market: 10/6/2025
Last Updated:
Address: 5828-5832 Lexington Ave, Los Angeles, CA 90038

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