• Broker Brent Sprenkle 3106218221
  • Broker Parker Boehle 3109888361
  • Broker Alex Peterson 2132487047
  • Broker Billy Phan 3105314269

5510 Lexington-$117k/Unit & 8.75 GRM! 5510 Lexington Ave 20 Unit Apartment Building $3,253,763 CAD ($162,688 CAD/Unit) 5.16% Cap Rate Los Angeles, CA 90038

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INVESTMENT HIGHLIGHTS

  • JUST LISTED AT $117,500 PER UNIT & 8.75 GRM!

EXECUTIVE SUMMARY

JUST LISTED AT $117,500 PER UNIT & 8.75 GRM!
Lamlex Lexington is a 20-unit apartment community constructed in 1925. Situated in the Hollywood submarket, the property consists of (16) Studio/One-Bathroom units and (4) One-Bedroom/One-Bathroom units, totaling 480 square feet per unit. The units are separately metered for gas and electric. The property is located minutes away from two major thoroughfares, Santa Monica Blvd, Sunset Blvd, and the 101 Freeway. Residents benefit from the short commute to Downtown Los Angeles and the walking distance to all nearby amenities along Sunset Strip and Santa Monica Blvd.

ATTACHMENTS

5510 Lexington Ave, Los Angeles_OM v2

FINANCIAL SUMMARY (PRO FORMA - 2025) Click Here to Access

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $99,999 $9.99
Other Income $99,999 $9.99
Vacancy Loss $99,999 $9.99
Effective Gross Income $99,999 $9.99
Taxes $99,999 $9.99
Operating Expenses $99,999 $9.99
Total Expenses $99,999 $9.99
Net Operating Income $99,999 $9.99

PROPERTY FACTS

Price $3,253,763 CAD
Price Per Unit $162,688 CAD
Sale Type Investment
Cap Rate 5.16%
Gross Rent Multiplier 8.75
No. Units 20
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.20 AC
Building Size 11,956 SF
Average Occupancy 95%
No. Stories 2
Year Built 1925
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 C2-2, Los Angeles

AMENITIES

UNIT AMENITIES

  • Heating
  • Kitchen
  • Refrigerator
  • Oven
  • Range
  • Tub/Shower
  • Freezer

SITE AMENITIES

  • 24 Hour Access
  • Controlled Access
  • Laundry Facilities
  • Online Services
  • Walk-Up
  • Smoke Detector

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 16 $1,543 CAD 425
1+1 4 $1,655 CAD 700
Walk Score®
Walker's Paradise (93)

PROPERTY TAXES

Parcel Number 5536-008-005 Total Assessment $1,196,164 CAD (2024)
Land Assessment $736,104 CAD (2024) Annual Taxes -$1 CAD ($0.00 CAD/SF)
Improvements Assessment $460,060 CAD (2024) Tax Year 2025

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ADDITIONAL PHOTOS

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