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      California Regional Multiple Listing Service

      The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

      Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced 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. Properties may or may not be listed by the office/agent presenting the information

      $1,249,000
      For Sale

      6459 Lexington Avenue

      Los Angeles, CA 90038
      0.11 acres | #PV25112835
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      Listing OfficeStrand Hill Properties
      33 photos
      Type:Multi-Family
      Structure:3 Family
      Zone:Residential

      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 Paramount Studios, the future Echelon Studios campus, Netflix headquarters, and much more. Walkscore.com gives the property a 97 walk score rating, 100 transit score, and 83 bikeable score, with easy access to the 101 Freeway and Red Line Metro; allowing tenants to benefit from convenient access to coffee shops, gyms, restaurants, and transit. Surrounding development and steady economic growth have helped Hollywood consistently outperform many LA submarkets in property appreciation. Add in the year-round sunshine, and you’ve got an opportunity that checks every box for stability, lifestyle, and upside! Don’t miss your chance to own a versatile, turnkey triplex in one of LA’s most iconic and dynamic neighborhoods.

      • Property Details
          • Lot DescriptionZeroToOneUnitAcre
          • Property TypeMulti-Family
          • Sewer InformationPublicSewer
          • CountyLos Angeles
          • Original List Price$1,380,000
          • MLS #PV25112835
          • MLS #PV25112835
          • Cost1249000
          • Property SubtypeTriplex
          • Acres0.1081
          • Utility SourcePublic
          • Year Built1977
          • Stories1

      Location

      Legal

      The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

      Based on information from California Regional Multiple Listing Service, Inc. as of the most recent time synced 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. Properties may or may not be listed by the office/agent presenting the information

      Last Updated: Yesterday at 7:40 PM. Source: CRMLS

      Provided By
      Listing Agent: Jake Sullivan (#PVSULLJAK)
      Listing Office: Strand Hill Properties (#V8407)

      The Alcantara GroupReal Estate Group
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