5522 Lexington Ave, Los Angeles, CA 90038

Strong Value-Add Opportunity

Approximately 57% rental upside from current rents to market levels. NOI projected to increase from ±$75K to ±$156K at stabilization.

Attractive Unit Mix

10 units consisting of studios, one-bedroom, and a two-bedroom unit catering to a broad tenant base

Prime Hollywood Location

Positioned near major employment, entertainment, and lifestyle amenities driving consistent rental demand

New Roof and Recent Soft-Story Seismic Retrofit

Property Owner recently installed a brand new roof and conducted a Soft-Story Seismic.

Updated Electricals and Plumbing

The electrical components to all of the units were recently upgraded to meet insurance requirements. Additionally, ownership has administered extensive plumbing work to bring the property up to date.*

Favorable Basis

Offered at $150K per unit, below replacement cost in a high-barrier-to-entry market

Stable In-Place Income

Existing tenancy provides immediate cash flow with the ability to implement gradual rent increases

*Buyer to verify