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Listed by Jake Sullivan • Strand Hill Properties
$ 1,380,000
Est. payment /mo
Active
6459 Lexington Avenue Los Angeles, CA 90038
2,072 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,072 sqft
Price per Sqft $666
MLS Listing ID CRPV25112835
HOA Y/N No
Year Built 1977
Lot Size 4,711 Sqft
Property Sub-Type Triplex
Source Datashare California Regional
Property Description
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 and great tenants. 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, medi
Location
State CA
County Los Angeles
Interior
Cooling Wall/Window Unit(s)
Flooring Laminate
Fireplace No
Laundry In Kitchen
Building
Water Public
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