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Jenarda Makupson

jenarda@kingdomkeysrealty.net +1(818) 200-5538

$ 1,380,000

Est. payment | -/mo

4,708 Sqft Lot

Save

$ 1,380,000

Est. payment | -/mo

Save

4,708 Sqft Lot

Key Details

Property Type Other Types

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID PV25112835

HOA Y/N No

Year Built 1977

Lot Size 4,708 Sqft

Property Sub-Type Triplex

Property Description

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 and great tenants. 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.

Location

State CA

County Los Angeles

Area C20 - Hollywood

Zoning LARD1.5

Interior

Cooling Wall/Window Unit(s)

Flooring Laminate

Fireplaces Type Living Room

Fireplace Yes

Laundry In Kitchen

Exterior

Parking Features Assigned, Concrete, Gravel, Gated, On Site, One Space

Pool None

Community Features Sidewalks

Total Parking Spaces 3

Private Pool No

Building

Lot Description 0-1 Unit/Acre

Story 1

Entry Level One

Sewer Public Sewer

Water Public

Level or Stories One

New Construction No

Others

Senior Community No

Tax ID 5533004021

Acceptable Financing Cash to Existing Loan, 1031 Exchange

Listing Terms Cash to Existing Loan, 1031 Exchange

Special Listing Condition Standard

Listed by Jake Sullivan • Strand Hill Properties • 3109844608

Nearby Locations

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(818) 200-5538

jenarda@kingdomkeysrealty.net

303 North Glenoaks Boulevard #255, Burbank, CA 91501, USA

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6459 Lexington AVE Los Angeles, CA 90038