Multi-Family for sale in Southern California — $1,500,000. 8 beds · 10 baths · 6,130 sqft. 5522 Lexington Avenue is a 10-unit multifamily asset located in the highly desirable Hollywood submarket of Los Angeles, CA. Built in 1962, the property consists of approximately 6,133 square feet on a 0.17-acre lot,…
$1,500,000
5522 Lexington Avenue, Los Angeles, CA 90038
5522 Lexington Avenue is a 10-unit multifamily asset located in the highly desirable Hollywood submarket of Los Angeles, CA. Built in 1962, the property consists of approximately 6,133 square feet on a 0.17-acre lot, offering an efficient unit mix of three studios, six one-bedroom units, and one two-bedroom unit. The property benefits from a low-density layout with on-site parking and strong in-place operations, making it well-positioned for both stable cash flow and future value enhancement. Situated in a prime rental corridor near major employment hubs, entertainment centers, and retail amenities, the asset offers investors a compelling opportunity to capitalize on significant rental upside. Current rents average approximately $1,261 per unit compared to a market average near $1,980, representing substantial mark-to-market potential. With projected income growth of over 50% and a pro forma NOI more than doubling, 5522 Lexington Avenue presents a classic value-add investment in one of Los Angeles' most supply-constrained and high-demand rental markets.
Listing updated: June 22, 2026 at 3:33 PM
Listed by: Daniel Withers, Matthews Real Estate Investment Services
Source: CRMLS, MLS#: 26701519, Originating MLS: California Regional MLS
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| Date | Event | Price |
|---|---|---|
5/15/2026 Source: CRMLS, #26701519 | Price change | $1,500,000$245/sqft0.0% |
| 5/15/2026Source: CRMLS, #26701519 | Pending sale | $1,500,000$245/sqft-11.8% |
| 4/01/2026Source: CRMLS, #26701519 | Listed for sale | $1,700,000$277/sqft |
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