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8-Unit Apartment Building with Vacancies
For Sale
$2,399,000

6423 Lexington Ave, Los Angeles, CA 90038

Multifamily property with varied unit layouts, gated parking, and two units scheduled for vacant delivery.

Property Size7,449 SF
Days on Market107

Property Features for 6423 Lexington Ave

General Information

Standard status Active
Size 7,449 SF
Property subtype MULTI_FAMILY

Units

Unit Mix 7 x 2BR/1BA
Multifamily Units 8

Building Details

Building Size 7,449 SF
Year Built 1959
Buildings 1
Listing Agency: Compass
Listed By: Angelo Fierro · License #01724787
Source: Rochellemaize
Added: May 19 Changed: Aug 31 Last Checked: Aug 31 at 9:36PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass

Investment Insights

Based on property information with market context.

This 8-unit apartment building contains 7,449 square feet and was constructed in 1959. The property includes one larger residence with four bedrooms and 2.5 baths, or an alternative three-bedroom arrangement with a separately entered studio. That unit also includes gated tandem parking and a secured outdoor patio.

The remaining residences are two-bedroom, one-bath units, each with one parking space. Two apartments—one larger residence and one two-bedroom unit—are scheduled to be delivered vacant. The property is located on Lexington Avenue in Los Angeles, with the other units identified along Cole Avenue, within the Hollywood Media District.

Key Highlights

  • 8‑unit apartment building totaling 7,449 square feet
  • Built in 1959
  • Unit mix includes one 4‑bedroom, 2.5‑bath residence and 2‑bedroom, 1‑bath units

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Butcher Tanning Salon Nursing Home (Bike/Boat/Book/etc) Store Mobile Phone Store Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

8
Residential units

Location Intelligence

Trade Area within ½ mile

5,151
Businesses Nearby

Demographics for 90038, CA

27,414
Population
14,998
Households
1.8
Avg Household Size
36
Median Age
41%
College-Educated
76%
High-School Grad
1.5 sq mi
ZIP Area
18,276
Density / Sq Mi
$61,566
Median Household Income
$36,844
Median Earnings
$1,764
Median Rent
$1,089,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property with varied unit layouts, gated parking, and two units scheduled for vacant delivery.
Where is this apartment building located?
The property is located at 6423 Lexington Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,399,000.
What are key features of this property?
This property features: 8‑unit apartment building totaling 7,449 square feet; Built in 1959; Unit mix includes one 4‑bedroom, 2.5‑bath residence and 2‑bedroom, 1‑bath units
More about this property
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