$10,000 Closing Credit¹
#25477187, Sean Rosenzweig, Listing Office: Marcus & Millichap
#25477487·
Listing Office: Marcus & Millichap·
Listing Agent: Neema Ahadian·
Listing Office Phone: 310-909-5500
5737 Lexington Ave Los Angeles, CA 90038
$3,050,000 List price
0 beds
20 baths
10,292 sqft
0.2 acres
$296 / sqft
House
Property details
About 5737 Lexington Ave
We are pleased to present 5737 Lexington Ave, a 20-unit multifamily investment opportunity in Hollywood located north of Santa Monica Blvd between N Van Ness Ave & Wilton Pl. The property features a unit mix of 20 singles; renovated units include hardwood floors, updated appliances, tile bathrooms, new cabinetry, and ceiling fans. At the asking price, the property is being offered at a 5.92% CAP rate at 9.12 GRM on current income with an additional 16% rental upside achievable as units turn through continued interior renovations. The property has professional landscaping and a secured, gated entrance with intercom access; significant cap ex has been invested by ownership into the systems and common areas including new security camera system, intercom, common area paint & lighting fixtures, lobby tile flooring, refinished hallway flooring, outdoor furniture, exterior facade paint, and water heater. The building is separately metered for electricity and has an on-site laundry room with two washers and two dryers. High Walk Score of 87, the property is less than a mile from the Metro Red Rail Line, and walking distance to Metro Local Lines along Santa Monica Blvd & Western Ave. This neighborhood of Koreatown is ideally located with a short commute to Los Feliz, West Hollywood, and Koreatown; easy access to the 101 Freeway via Western Ave.
Highlights
Home typeOther
StatusActive
Size10,292 sqft
Lot size0.1722 Acres
Year built1927
MLS #25477487
Summary
- MLS Number: 25477487
- MLS Name: CRMLS
- Office Name: Marcus & Millichap
- Office Phone: (310) 909-5500
- Listing Agent: Neema Ahadian
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.
The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 2/1/2025, 7:21:06 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
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$3,050,000
5737 Lexington Ave
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Seller rebate
0.5% sale price²
Price information
Property sales
| Date | Event | Price |
|---|---|---|
| Mar 08, 2019 | Home Sold | $3,300,000 |
| Dec 30, 2014 | Home Sold | $2,540,000 |
| Jul 08, 2008 | Home Sold | $1,500,000 |
Tax history
| Year | Assessment | Property Tax |
|---|---|---|
| 2024 | $3,611,228 | $44,908 |
| 2023 | $3,540,464 | $44,052 |
| 2022 | $3,471,087 | $42,034 |
| 2021 | $3,403,071 | $41,490 |
| 2020 | $3,366,000 | $33,649 |
| 2019 | $2,736,572 | $33,527 |
| 2018 | $2,682,914 | $32,774 |
| 2017 | $2,630,309 | $32,774 |
History based on county public records data.
Nearby schools
6
Citizens of the World Charter School Hollywood
Public Charter KG-5
0.2 mi
•1316 N Bronson Ave
7
Santa Monica Boulevard Community Charter
Public Charter KG-6
0.2 mi
•1022 N Van Ness Ave
3
Hollywood Primary Center
Public District KG-3
0.3 mi
•1115 Tamarind Ave
School ratings are a score out of 10, where 10 is the highest and 1 is the lowest.
Neighborhood
The neighbors living near this home have an average income of $37,222. Typical income of Los Angeles, CA residents is less than $<35k annually. Typical family type is single, no kids. The majority of residents in this area have high school diploma education.
How much money do the neighbors make?
49%
<35k
43%
35k-100k
8%
100k-200k
0%
200k+
What level of education do the neighbors have?
High School Diploma
Post Secondary Degree
What types of families live nearby?
54%
Single, No Kids
14%
Single, with Kids
14%
Married, No Kids
18%
Married, with Kids
Are the neighbors home owners or renters?
Home Owners
Renters
How old are people in this area?
11%
<11 yrs old
6%
12-17 yrs old
41%
18-34 yrs old
36%
35-64 yrs old
6%
65+ yrs old
What do the neighbors do for fun?
Pro Boxing
Mexican League Soccer
Major League Soccer (MLS)
Where do the neighbors shop?
H&M
Burlington
Foot Locker
Where do the neighbors go to eat?
Boston Market
White Castle
Little Caesars
What do the neighbors drive?
Honda
Kia
Dodge
What do the neighbors listen to?
Rhythmic Contemporary Hits
Urban Adult Contemporary
All data provided by Home Junction and Claritas
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Frequently asked questions
About 5737 Lexington Ave
This home is located at 5737 Lexington Ave in Los Angeles, CA and zip code 90038 in the Central LA neighborhood. This 10,292 square foot home, which was built in 1927, sits on a 0.17 acre lot. Features: 0 bedroom, 20 bathrooms. It has been listed on Rocket Homes since January 7, 2025 and is currently priced at $3,050,000.
Los Angeles, CA housing market in January 2025 saw over 294 listings sold above listed price, more than 161 sold at listed price and over 545 sold below. The number of homes for sale in Los Angeles, CA increased by 20.1% between December and January 2025. Listings spent 45 days on the market in January 2025, and had a median list price of $1,035,435 during the same period.
From Rocket Homes Real Estate and based on county public records data.