Courtesy of: Chase Simonton, RE/MAX One, Chase@RemaxOneCommercial.com
Courtesy of: Chase Simonton, RE/MAX One, Chase@RemaxOneCommercial.com
$1,195,000
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9 bed
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Lot: 0.17 Acres
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Other
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$1,195,000
5828 Lexington Ave 5828 Lexington Ave offers an incredible Hollywood investment opportunity with a 6-unit property on a large 7, 500 SF lot. The front house features a charming 2-bedroom, 1-bath residence, complemented by five additional units in the rear comprised of a mix of one-bedroom and two-bedroom apartments. With a total building size of 3, 870 SF, this property represents one of the lowest cost entry points in the area at just $1, 195, 000, making it one of the cheapest price-per-unit offerings available.Currently under market rents, the property provides investors with an attractive 68% rental upside. The LAR3 zoning also adds long-term redevelopment potential. This creates a value-add opportunity for investors to improve the property and increase income.
Courtesy of: Chase Simonton, RE/MAX One, Chase@RemaxOneCommercial.com
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