$2,399,000
6423 Lexington Avenue, Los Angeles CA 90038
Multi-Family (8 Units)
Property type
27 days
On market
$322
Price per sqft
N/A
Garage
1959
Year built
6,915 sqft
Lot size
Home highlights
Open Houses
Overview
Welcome to this exceptional opportunity in the heart of the Hollywood Media District one of L.A.'s most vibrant and sought-after rental markets. This 8-unit apartment building, offers a rare blend of in-place income, value-add potential, making it an incredible investment! Located in a walkable, high-demand neighborhood surrounded by new multifamily developments, mixed-use...
Listing provided by: Angelo Fierro DRE #01724787 323-821-5353, Compass, Natasha Niebow DRE #02241544 818-577-7950, Compass
Listing updated: Jun 1, 2026 at 07:43pm.
Last checked: Jun 14, 2026 at 08:00pm
Source: CRMLS #26835681
Multi-family Analysis
Unit Information
| Units | Beds | Baths | Garage | Actual Rent | Total Rent | Pro Forma | Furnished? |
|---|---|---|---|---|---|---|---|
| 1 | 4 | 3 | — | $4,700 | $0 | $4,700 | Unfurnished |
| 2 | 2 | 1 | — | $2,650 | $790 | $2,650 | Unfurnished |
| 3 | 2 | 1 | — | $2,650 | $0 | $2,650 | Unfurnished |
| 4 | 2 | 1 | — | $2,650 | $1,733 | $2,650 | Unfurnished |
| 5 | 2 | 1 | — | $2,650 | $1,412 | $2,650 | Unfurnished |
| 6 | 2 | 1 | — | $2,650 | $1,359 | $2,650 | Unfurnished |
| 7 | 2 | 1 | — | $2,650 | $2,116 | $2,650 | Unfurnished |
| 8 | 2 | 1 | — | $2,650 | $1,729 | $2,650 | Unfurnished |
# of Buildings: 1
# of Units Total: 8
Rent Control: Yes
Tenant Pays: Electricity
Financial Snapshot
Gross Rent Multiplier
8.5x
List Price / Annual Gross Rent
Cap Rate
9.98%
NOI / List Price
Vacancy Allowance: $88,200
Vacancy Allowance Rate: 25%
Net Operating Income: $239,353
Annual Operating Expenses
Insurance: $14,373
Maintenance: $3,612
Water / Sewer: $17,041
Other Expense: $5,304
Interior
Heating: Central, Wall Furnace
Appliances: Washer
Laundry: Laundry Room, Washer Included
Exterior
Stories Total: 2
Levels: Two
Security Features: Carbon Monoxide Detectors, Fire Detection System, Gated Community, Smoke Detectors, Window Bars
Lot Features: Front Yard
Pool: None
Garage and Parking
Parking: Attached Carport, Covered, Carport
Garage: Attached
Carport Spaces: 6
Parking Total: 8
Lot Information
Land Lease: No
Parcel #: 5533004015
Additional Parcels: No
Zoning: LARD1.5
Community
HOA: No
Senior Community: No
Community Features: Gated