Price Reduced! Extremely LOW rents, over 60% upside. Offered for sale with next door 5828 Lexington Ave, a RARE DOUBLE LOT Opportunity. Both adjacent lots total 15,000sf of R3 Zoning within an Opportunity Zone, including Tier 2 TOC Bonus Density. 5836 Lexington Ave is an 8-unit income producing, multi-family property in the heart of Hollywood, one of the most desirable submarkets in Los Angeles. The asset boasts a diverse unit mix of 2 and 1 Bedroom, and Studio units. This particular pocket of Hollywood is near the Hollywood Hills, the famed Griffith Observatory, and minutes from all major attractions and nightlife of downtown Hollywood, such as the TCL Chinese Theatre, and the Hollywood Walk of Fame. The location, type of units offered, and the well maintained condition of the asset will attract a wide variety of qualified tenants, allowing the astute investor to capture the considerable 52% UPSIDE left throughout the rents. [ On both 5828 and 5836 Lexington, total remaining upside throughout rents is 65%, or 1.5 times the current NOI. SEE 5828 Lexington for details.]
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