5356 LEXINGTON AVE Los Angeles CA 90029-1134

• Only one unit of Lexington apartments has been renovated and achieved over $300 in rent premiums for luxury upgrades. An incoming investor can continue the renovations on the remaining 15 units and capture an additional 22% of upside.

Unit Mix Ensures Organic Turnover

• Studios and one bedrooms historically experience more organic turnover when compared to two-bedroom and three-bedroom floor plans, which in turn allows an investor to keep pace with the market’s impressive rent growth.

Hollywood’s Momentum Influencing Nearby Markets

• LA’s film and digital media industry grew to 265,200 jobs, up 24% from over a five-year span, outpacing New York and the rest of the nation, according to the report conducted by research firm Beacon Economics. This growth is positively impacting the surrounding areas of Hollywood including the pocket surrounding Lexington Apartments.

Attractive Rental Price Points

• Proforma rents are estimated to be $1,595 per unit on average which requires a $60,000 per year salary to be classified as affordable - using the rule of thirds. The $60,000 income bracket is one of the deepest segments in LA County thereby providing a deep renter base to draw from driving lease up.

Epicenter Of Entertainment

• Hollywood is home to many world-famous area attractions. Hollywood is slated for more exciting growth with projects coming to market such as the 30-story twin tower project known as the Millennium Hollywood and the retail, office, and hospitality development called Crossroads Hollywood.