CA > Los Angeles
Los Angeles, CA 90038,6459 Lexington Avenue
Los Angeles, CA 90038,6459 Lexington Avenue
Los Angeles, CA 90038,6459 Lexington Avenue
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$1,249,000
Est. payment /mo
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4 Beds
4,711 Sqft Lot
Price Dropped by $50K

6459 Lexington Avenue Los Angeles, CA 90038

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Kurt Wannebo

Kurt Wannebo

+1(858) 405-5878

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Res Income 2-4 Units

Listing Status Active

Purchase Type For Sale

MLS Listing ID PV25112835

Bedrooms 4

Lot Size 4,711 Sqft

Property Sub-Type Res Income 2-4 Units

Property Description

** 3 UPDATED UNITS BY THE CURRENT OWNER | WELL MAINTAINED | PHENOMENAL CAP RATE | SEPARATE METERS | PARKING & YARD FOR EACH UNIT | PRIME LOCATION | PRICED TO SELL!! ** The investment you have been waiting for in the heart of Hollywood! Welcome to 6459 Lexington Avenue, a charming income-producing triplex with solid rents, great tenants, and updated units. Running from Lexington Ave to La Mirada Ave, the units include 1210 Wilcox Ave (2 bed, 1 bath, roughly 860 SF), 1204 Wilcox Ave (1 bed + office, 1 bath, roughly 726 SF), and 1216 Wilcox Ave (1 bed, 1 bath, roughly 486 SF). Each unit is thoughtfully designed with functionality and privacy in mind; each enjoying their own laundry, private patio, and designated parking; while the 2-bedroom unit (1210) includes an exclusive private yard - a rare perk in city living! Some recent upgrades include 2 remodeled kitchens, a remodeled bathroom, new floors, 3 sub-meters for the water and power, and more. Tenants pay for ALL utilities except landscaping, generating a whopping $7,286/month in rents! This well-maintained property offers solid in-place income and one of the best cap rates to hit the market in the area, making it ideal for investors, 1031 exchanges, or owner-occupants looking to offset their mortgage. Avoid vacancies and hard-to-find tenants in an area thriving with employment opportunities, convenience, action, amazing weather, and desirability. Hollywood is a top employment hub for entertainment, tech, media, and hospitality, supporting a resilient tenant pool with strong earning potential - located just blocks from Para

Location

State CA

County Los Angeles

Zoning Assessor

Direction Santa Monica Blvd --> North on Wilcox Ave --> on the Northeast Corner of Wilcox and Lexington

Interior

Cooling Wall/Window

Fireplace No

Exterior

View Y/N No

Building

Story 1

Level or Stories 1

Others

Tax ID 5533004021

MLS Router / San Diego MLS
Listed by Jake Sullivan Strand Hill Properties

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Kurt Wannebo

Kurt Wannebo

Broker Associate | CA Dre# 01468255

+1(858) 405-5878

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6459 Lexington Avenue

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