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$ 1,249,000
Est. payment | /mo
4 Beds
4,711 Sqft Lot
$ 1,249,000
Est. payment | /mo
4 Beds
4,711 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID PV25112835
Bedrooms 4
Lot Size 4,711 Sqft
Property Sub-Type Res Income 2-4 Units
Property Description
** 3 UPDATED UNITS BY THE CURRENT OWNER | WELL MAINTAINED | PHENOMENAL CAP RATE | SEPARATE METERS | PARKING & YARD FOR EACH UNIT | PRIME LOCATION | PRICED TO SELL!! ** The investment you have been waiting for in the heart of Hollywood! Welcome to 6459 Lexington Avenue, a charming income-producing triplex with solid rents, great tenants, and updated units. Running from Lexington Ave to La Mirada Ave, the units include 1210 Wilcox Ave (2 bed, 1 bath, roughly 860 SF), 1204 Wilcox Ave (1 bed + office, 1 bath, roughly 726 SF), and 1216 Wilcox Ave (1 bed, 1 bath, roughly 486 SF). Each unit is thoughtfully designed with functionality and privacy in mind; each enjoying their own laundry, private patio, and designated parking; while the 2-bedroom unit (1210) includes an exclusive private yard - a rare perk in city living! Some recent upgrades include 2 remodeled kitchens, a remodeled bathroom, new floors, 3 sub-meters for the water and power, and more. Tenants pay for ALL utilities except landscaping, generating a whopping $7,286/month in rents! This well-maintained property offers solid in-place income and one of the best cap rates to hit the market in the area, making it ideal for investors, 1031 exchanges, or owner-occupants looking to offset their mortgage. Avoid vacancies and hard-to-find tenants in an area thriving with employment opportunities, convenience, action, amazing weather, and desirability. Hollywood is a top employment hub for entertainment, tech, media, and hospitality, supporting a resilient tenant pool with strong earning potential - located just blocks from Para
Location
State CA
County Los Angeles
Zoning Assessor
Direction Santa Monica Blvd --> North on Wilcox Ave --> on the Northeast Corner of Wilcox and Lexington
Interior
Cooling Wall/Window
Fireplace No
Exterior
View Y/N No
Building
Story 1
Level or Stories 1
Others
Tax ID 5533004021
Listed by Jake Sullivan Strand Hill Properties
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "