5522 Lexington Ave, Los Angeles, CA 90038
5522 Lexington Ave, Los Angeles, CA 90038
5522 Lexington Ave, Los Angeles, CA 90038
5522 Lexington Ave, Los Angeles, CA 90038
5522 Lexington Ave, Los Angeles, CA 90038
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Shannon Guiragossian

Shannon Guiragossian

+1(760) 537-9002
$ 1,500,000
Est. payment | /mo

8 Beds

10 Baths

6,130 SqFt

Save
$ 1,500,000
Est. payment | /mo
Save

8 Beds

10 Baths

6,130 SqFt

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,130 sqft

Price per Sqft $244

MLS Listing ID 26701519

Bedrooms 8

Year Built 1962

Lot Size 7,497 Sqft

Acres 0.1721

Property Sub-Type Multi-Family

Property Description

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.

Location

State CA

County Los Angeles

Area Hollywood

Zoning LAR4

Rooms

Other Rooms Other

Interior

Heating Other

Cooling Other

Equipment Other

Exterior

Parking Features Other

Garage Spaces 10.0

Building

Story 2

Level or Stories Multi/Split

Others

Special Listing Condition Standard

TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by Matthews Real Estate Investment Services

Nearby Locations

Shannon Guiragossian

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(760) 537-9002

shannongrealestate@gmail.com

36923 Cook St Suite B101, Palm Desert, CA, 92211, USA

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5522 Lexington Ave