5522 Lexington Avenue, Los Angeles, CA 90038
- $1,500,000
- 8
- BD
- 10
- BA
- 6,130
- SqFt
- Sold Price
- $1,500,000
- List Price
- $1,500,000
- Closing Date
- Aug 21, 2026
- Status
- CLOSED
- MLS#
- 26701519
- Year Built
- 1962
- Bedrooms
- 8
- Bathrooms
- 10
- Living Sq. Ft
- 6,130
- Lot Size
- 7,497
- Acres
- 0.17
- Days on Market
- 79
- Property Type
- Multifamily
- Stories
- Multi Level
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.
Additional Information
- Attached Structure
- Detached
- Number Of Units Total
- 10
Listing courtesy of Listing Agent: Daniel Withers (daniel.withers@matthews.com) from Listing Office: Matthews Real Estate Investment Services.
Listing sold by Daniel Withers from Matthews Real Estate Investment Services
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Based on information from California Regional Multiple Listing Service, Inc. as of . 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.