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    7154 Lexington Ave West Hollywood, CA 90046

    Sponsored
    For Sale
    $1,475,000

    Prime Location, Value-Add Opportunity

    Property size:
    2,104 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional West Hollywood multifamily property, located at 7154 Lexington Ave, offers five units in a highly desirable rental market. The 2,104 square foot building, constructed in 1952, comprises three one-bedroom, one-bathroom units and two studio units, averaging 420 square feet each. Situated on a 2,934 square foot lot, this Class B building boasts a strong net operating income (NOI) of $67,706, resulting in a 4.59% cap rate. The asking price is $1,475,000, or $295,000 per unit, presenting a compelling value-add opportunity with an estimated 23% upside potential in rental income. The property benefits from a Walk Score of 97 ("Walker's Paradise"), placing it within easy walking distance of a wide array of shopping, dining, and entertainment options. This 1031 exchange eligible offering is a rare chance to acquire a trophy asset in one of Los Angeles' most coveted neighborhoods, adjacent to Hollywood and Beverly Grove. The property's strong location and potential for increased rental income make it an attractive investment for discerning buyers.

    Property Features for 7154 Lexington Ave

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,104 SF
    Class
    B

    Building Details

    Year Built
    1952
    Buildings
    1
    Units
    5

    HighLights

    • Five‑unit multifamily property in West Hollywood, CA.
    • Desirable West Hollywood location with strong rental demand.
    • Value‑add opportunity with significant rental upside potential (approx. 23%).
    • Walk Score of 97 ("Walker's Paradise"), near shopping, dining, and entertainment.
    • Units average 420 square feet.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    West Hollywood
    County
    Los Angeles
    State
    California
    Longitude
    -118.3456013
    Latitude
    34.0923674

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    FAQs

    What type of property is this?
    Multifamily property - Prime Location, Value-Add Opportunity
    Where is this multifamily property located?
    The property is located at 7154 Lexington Ave West Hollywood, CA.
    What is the asking price?
    The asking price for this property is $1,475,000.
    What are key features of this property?
    This property features: Five-unit multifamily property in West Hollywood, CA.; Desirable West Hollywood location with strong rental demand.; Value-add opportunity with significant rental upside potential (approx. 23%).
    Request Owner's contact information
    7154 Lexington Ave West Hollywood, CA 90046
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    West Hollywood, CA 90046
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7154 Lexington Ave West Hollywood, CA 90046
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