$1,450,000

5642 Lexington Avenue, Los Angeles, CA 90038

6,094 sqft

Multi-Family Home
Built in 1956
7,100sqft lot
—— car garage
$238/sqft
Listed 7 months ago

Property Description

Prime Hollywood 8-Unit Apartment Building with (7) 1 Bedroom and 1 Bathroom Units and (1) 2 Bedroom and 1 bathroom Unit with 5 carport parking spaces and 2 uncovered spaces. Excellent Investment Opportunity! Welcome to 5642 Lexington Avenue, a rare opportunity to own an 8-unit multi-family property in the heart of Hollywood. This well-maintained building offers a diverse mix of units with strong rental income potential in one of Los Angeles’ most dynamic and sought-after rental markets. All balconies have been retrofitted per code and the building has a newer composition shingle roof. Situated on a 7,099 sq. ft. lot, the property features ample on-site parking for residents, community laundry facilities, and a secure, low-maintenance setting. Each unit has long term tenants who are all on month to month lease agreements and each unit is individually metered for gas and electricity, maximizing investor flexibility and reducing operating costs. Located just minutes from Sunset Boulevard, Paramount Studios, the Hollywood Media District, and countless restaurants, shopping, and entertainment options, this property boasts a walkable location with easy freeway access. Whether you’re looking to expand your portfolio or secure a stable, income-producing asset in an A+ rental location, 5642 Lexington Ave is a must-see.

Listing Status:: Sold
Date Added:: August 18, 2025
Data Last Updated:: April 2, 2026 at 3:16PM
Listing Office:: Redfin Corporation : 310-409-2885
Listing Agent:: Sam Xavier : 310-866-7598
MLS ID:: SB25181306

Laundry: Common AreaWasher HookupInsideLaundry RoomOutside
A/C: None
Heating: Natural GasWall Furnace

Parking: Parking spaces: 7

Roofing: CompositionShingle
General: StoneStuccoWood Siding2

Originating MLS: CRMLS_CRM
County: Los Angeles

Zoning: LAR35536007010
Fencing: Chain LinkGood ConditionWrought Iron
Current Use: Commercial

Utilities: Electricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas ConnectedSewer AvailableSewer ConnectedWater AvailableWater ConnectedElectricity - On PropertyStandard
Water: Public

Source: CRMLS_CRM
Exclusions: All Tenant's Personal Property and Appliances.

This listing courtesy of Sam Xavier , Redfin Corporation

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Hollywood Primary Center

1115 Tamarind Ave, Los Angeles, CA, 90038

Grades KG-3

0.40 miles away

Richard A. Alonzo Community Day

5755 Fountain Ave, Los Angeles, CA, 90028

Grades 7-12

0.24 miles away

Richard A. Alonzo Community Day

5755 Fountain Ave, Los Angeles, CA, 90028

Grades 7-12

0.24 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.