5732 Lexington Ave · Los Angeles, CA 90038

$1,899,000

104 bd · 72.0 ba · 6,652 sqft · MultiFamily · 149 Days on market

Built 1969 Good condition 7,503 sqft lot $285/sqft · at area comps Est $1969k · at est. ↓ 3% since listing

---

Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +19.0/30.0
• ARV discount +9.1/15.0
• DSCR +6.0/10.0
• 1% rule +5.1/10.0
• Condition / age +4.0/5.0
• Schools +3.6/10.0
• Livability +3.4/5.0
• Rent growth +2.7/5.0
• Appreciation +0.0/10.0

Multi-family units

County records classify this as Multi-Family (5+ Unit). Listing-text estimate: 8 units. confirmed

5+ unit building — per-unit beds/baths from public records are typically unavailable; the breakdown below (if shown) is an estimate from the listing text.

Listing remarks MLS

Ideally situated 8-unit multifamily building. Located just south of Sunset Boulevard. This asset consists of a very favorable unit mix consisting of one 3 Bed/2 Bath unit, three 2 Bed/1 Bath units, and four 1 Bed/1 Bath unit. The building comes with 10 parking spaces. Current ownership has done multiple upgrades and renovated some of the units. Government-required seismic retrofitting has been completed, newer roof and paint. The building is separately metered for gas and electricity. With a walk-score of 97 Walker s Paradise and is in a short distance from highly desirable dining and entertaining destinations. . The property is easily accessible to some of the most iconic neighborhoods and sites in Hollywood and Los Angeles. With easy access to 101 Freeway, it allows for an easy commute to Downton LA, and major local Hollywood attractions such as the Hollywood Walk of Fame, Griffith Observatory, Paramount Pictures Studios, Los Angeles City College. Located two blocks away from new development ECHELON STUDIOS OF HOLLYWOOD. This property offers investors a unique opportunity to acquire a well-maintained property nested near by multiple new developments with a significate rental upside potential.

Key facts

• 10 parking spaces
• Multiple upgrades
• Renovated units

Tags

• 8 UNIT MULTIFAMILY BUILDING
• FAVORABLE UNIT MIX
• 10 PARKING SPACES
• MULTIPLE UPGRADES
• RENOVATED UNITS
• SEISMIC RETROFITTING COMPLETED

What this means for you Summary

Snapshot

• This is a 1×3bd/2ba + 3×2bd/1ba + 4×1bd/1ba units multifamily listed at $1.90M. Condition is rated good.

Deal economics

• At list price, monthly cash flow is $2k ($24k/yr) — positive. Per door: $246/mo.
• The deal already cash-flows at list — no discount required.
• Meets the 1% rule at list price ($19k rent vs $1.90M).
• Recommended offer: $1.67M (12.0% below list) — sets the bar for market timing.
• Cap rate 7.5% vs local median 2.1% in Los Angeles — top-decile yield for the area; either an underpriced asset or a hidden risk that comps aren't pricing in. Stress-test before assuming the spread holds.

Location & tenants

• Location reads 68/100 on livability (#273 in CA) — a middle-class / working-renter tenant base. Strengths: amenities A+, commute A+, employment B; Watch: health & safety C-, schools D+, crime F.
• Los Angeles Unified (urban): math 29% / reading 54% proficiency, ranked #223 of 517 in CA (top 43%) — families likely to look elsewhere, expect single-tenant / working-renter base with shorter leases; 67% free/reduced lunch — lower-income household profile, screen leases tightly.
• Market conditions: Rents flat; 87 active listings in the ZIP; 19,697 units permitted in Los Angeles County in 2024 (9,426 in 5+ unit buildings).
• At $19,102/mo this rent would consume 373% of the median local household income ($61k/yr) (locally 4038% of renters already pay >50% of income on rent) — very limited rent-growth headroom before tenants either downsize or default.

Forward outlook

• Local home prices are declining (-3.0%/yr); year-one equity from $13k of loan paydown is wiped out by about $57k of value loss. Plan a longer hold.
• Los Angeles County population projected at +9% by 2050 — modest demand growth; plan on rents tracking national, not racing it.

Negotiation context

• It's been on market 149 days — a 12% lower offer ($1.67M) is reasonable based on typical stale-listing flexibility.
• 3 sale attempts since 23y ago with the ask held roughly flat each time — persistent listings suggest the price (not the market) is what's stuck; bring a comps-based counter.

Risks & watch-outs

• Climate carrying-cost: extreme-heat days projected 7→22/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $1,671,120 (12.0% below list)

Questions for the listing agent

1. It's been on market 149 days. Have you received any prior offers? Is the seller open to a 12% concession, seller financing, or rate buy-down credit?
2. Can we see the unit-by-unit rent roll, current vacancy, and any below-market leases? What's the average tenancy length?
3. What capital expenditures (roof, boiler, parking lot, exteriors) have been made in the last 5 years, and what's planned in the next 2?
4. Built in 1969 — when were the roof, HVAC, electrical panel, plumbing, and water heater last replaced?
5. Why hasn't it sold? Are there any deal-killer items the seller is aware of (foundation, flood, title, zoning, code violations)?
6. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
7. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
8. Crime grade is F in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
9. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
10. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
11. How much new apartment / multifamily construction is in the pipeline within 1–3 miles? Heavy new supply (>2% of stock underway) typically softens rents 12–24 months out; light construction supports rent growth.

Investment metrics

• 1% rule: 1.01% ✓
• Cap rate: 7.54%
• Cash-on-cash: 4.44%
• DSCR: 1.20
• GRM: 8.3

CMA / ARV

• ARV (median comp): $1,968,513
• List price: $1,899,000
• Delta: -3.53%
• Verdict: FAIR
• Comps: 20 within 1.0 mi

Projected returns pro-forma

-3.0% appreciation · 0.67% rent growth · sell at horizon

5-year hold

• IRR: -12.0%
• Equity multiple: 0.58×
• Total profit: $-225,917
• Equity at exit: $283,147

10-year hold

• IRR: -6.8%
• Equity multiple: 0.61×
• Total profit: $-205,629
• Equity at exit: $164,191

Cash invested: $531,720 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (CITY): 0 Strongly Tenant-Friendly
• State California: 18 Strongly Tenant-Friendly · D+13
• County: — inherits STATE
• City Los Angeles: 0 Strongly Tenant-Friendly · D+22

LARSO + JCEO 2023; relocation for substantial remodel evictions.

Methodology + full state rankings →

ZIP-level market 90038

• Rents YoY: 0.7%
• Active inventory: 87
• Price-to-rent: 50.4×

Monthly cashflow live

• Estimated rent: $19,102 high
• Mortgage (P&I): −$9,959
• Tax est. 1.5%: −$2,374 /mo · $28,485/yr
• Insurance: −$791
• HOA: −$0
• Vacancy / Maint / Mgmt: −$4,011
• Net cashflow: $1,967

Break-even live

Break-even rent $16,612

Max offer price $1,899,000

Occupancy floor 85%

8-unit breakdown (identical units grouped — click to expand)

Units	Beds	Baths	Est. rent
1× unit	3	2	$3,141
▸ 3× units	2	1	$7,197
▸ 4× units	1	1	$8,764
Total (8 units)			$19,102

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $474,750
• Closing costs: $56,970
• Reserves months: —
• Total cash needed: —

Listing history 20 events

1. 2026-06-18
   days on market $1,899,000 Active 149 DOM
2. 2026-06-17
   days on market $1,899,000 Active 148 DOM
3. 2026-06-16
   days on market $1,899,000 Active 147 DOM
4. 2026-06-15
   days on market $1,899,000 Active 146 DOM
5. 2026-06-13
   days on market $1,899,000 Active 144 DOM
6. 2026-06-09
   days on market $1,899,000 Active 140 DOM
7. 2026-06-08
   days on market $1,899,000 Active 139 DOM
8. 2026-06-07
   days on market $1,899,000 Active 138 DOM
9. 2026-06-04
   days on market $1,899,000 Active 135 DOM
10. 2026-06-03
    days on market $1,899,000 Active 134 DOM
11. 2026-06-02
    days on market $1,899,000 Active 133 DOM
12. 2026-06-01
    days on market $1,899,000 Active 132 DOM
13. 2026-05-31
    days on market $1,899,000 Active 131 DOM
14. 2026-03-05
    price $1,899,000 1213-char remark

    Show marketing remark (1213 chars)

    Ideally situated 8-unit multifamily building. Located just south of Sunset Boulevard. This asset consists of a very favorable unit mix consisting of one 3 Bed/2 Bath unit, three 2 Bed/1 Bath units, and four 1 Bed/1 Bath unit. The building comes with 10 parking spaces. Current ownership has done multiple upgrades and renovated some of the units. Government-required seismic retrofitting has been completed, newer roof and paint. The building is separately metered for gas and electricity. With a walk-score of 97 Walker s Paradise and is in a short distance from highly desirable dining and entertaining destinations. . The property is easily accessible to some of the most iconic neighborhoods and sites in Hollywood and Los Angeles. With easy access to 101 Freeway, it allows for an easy commute to Downton LA, and major local Hollywood attractions such as the Hollywood Walk of Fame, Griffith Observatory, Paramount Pictures Studios, Los Angeles City College. Located two blocks away from new development ECHELON STUDIOS OF HOLLYWOOD. This property offers investors a unique opportunity to acquire a well-maintained property nested near by multiple new developments with a significate rental upside potential.

15. 2026-01-20
    listed $1,949,995 Active 1213-char remark

    Show marketing remark (1213 chars)

    Ideally situated 8-unit multifamily building. Located just south of Sunset Boulevard. This asset consists of a very favorable unit mix consisting of one 3 Bed/2 Bath unit, three 2 Bed/1 Bath units, and four 1 Bed/1 Bath unit. The building comes with 10 parking spaces. Current ownership has done multiple upgrades and renovated some of the units. Government-required seismic retrofitting has been completed, newer roof and paint. The building is separately metered for gas and electricity. With a walk-score of 97 Walker s Paradise and is in a short distance from highly desirable dining and entertaining destinations. . The property is easily accessible to some of the most iconic neighborhoods and sites in Hollywood and Los Angeles. With easy access to 101 Freeway, it allows for an easy commute to Downton LA, and major local Hollywood attractions such as the Hollywood Walk of Fame, Griffith Observatory, Paramount Pictures Studios, Los Angeles City College. Located two blocks away from new development ECHELON STUDIOS OF HOLLYWOOD. This property offers investors a unique opportunity to acquire a well-maintained property nested near by multiple new developments with a significate rental upside potential.

16. 2025-09-18
    price
17. 2025-08-05
    price
18. 2025-05-27
    listed Active
19. 2003-05-02
    historical
20. 2003-04-24
    listed

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 1/10 Low
• 🌡 Heat 7/10 Severe 7 d/yr ≥90°F today · 22 d/yr by 30 yrs out
• 💨 Wind 1/10 Low
• 🫁 Air quality 5/10 Major 8 unhealthy d/yr today · 8 by 30 yrs out

Taxation est. · year 1

• Rental income: $229,224
• − Mortgage interest: −$106,374
• − Property taxes: −$28,485
• − Insurance: −$9,495
• − Repairs & maintenance: −$18,338
• − Management: −$18,338
• − Depreciation: −$55,244
• Taxable loss: −$7,049
• Est. tax savings @ 24.0%: +$1,692
• After-tax cash flow: $25,296/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Condition & rehab AI · 10 photos

Good 80/100 Cosmetic rehab

This 8-unit multifamily building is in good condition with modern kitchens and bathrooms. It has a good curb appeal and is well-maintained. Landscaping and exterior painting could further enhance its value.

Value-add opportunities

• Both Landscaping improvements — Enhanced curb appeal can attract both buyers and renters.
• Both Painting exterior walls — Fresh paint can improve the home's appearance and value.

Renovation cost estimate screening

Value-add ROI direction

• Both Landscaping improvements — Enhanced curb appeal can attract both buyers and renters. ↑
• Both Painting exterior walls — Fresh paint can improve the home's appearance and value. ↑

ⓘ Cost ranges are severity-bucket heuristics (US national rule-of-thumb). Get contractor quotes + a written scope before underwriting a rehab budget.

Schools (NCES district)

• District: Los Angeles Unified
• NCES district ID: 0622710
• Math proficiency: 29% ▼ -4.00%
• Reading proficiency: 54% ▲ 10.00%
• Median HH income: $50,403
• Composite: 35.67/100
• National rank: #4875
• State rank: #223 of 517 in CA

Livability — Los Angeles

• Score: 68/100
• State rank: #273
• US rank: #9237

Category grades

Amenities A+ Commute A+ Cost of living F Crime F Employment B Housing B- Health & safety C- User ratings C-

Schools grade is shown separately in the Schools card above.

Census & demographics

• Census place: Los Angeles, CA
• County: Los Angeles County · 9,444,647 people
• City population: 3,838,149
• Metro: Los Angeles-Long Beach-Anaheim, CA
• Population (ZIP): 27,127
• Household income: $61,454
• Rent vs Own: 91.8% rent · 8.2% own
• Severe rent burden: 4038.0

Population outlook (Los Angeles County) Hauer SSP2

• Today (2025): 10,940,515 people
• By 2030: 11,256,481 · +2.9%
• By 2040: 11,729,929 · +7.2%
• By 2050: 11,948,407 · +9.2%
• By 2075: 11,818,114 · +8.0%
• By 2100: 10,842,928 · -0.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.66)
• Race & ethnicity: Hispanic / Latino 49% White 31% Two or more races 15% Asian 7% Black 7% Native American 2%
• Hispanic origin (detail): Mexican 21%
• Common ancestry: Romanian 2% Scotch-Irish 1% Lithuanian 1%
• Foreign-born: 39% · Canada, South Korea, Jamaica
• Languages at home: 44% English-only · Spanish 43% Other Indo-European 4% Tagalog/Filipino 2%

Political lean MEDSL · Los Angeles

• 2024 margin: Solid D (+32.9) · D 64.8% · R 31.9% · Other 3.3%
• 2008→2024 swing: -7.4pp toward R · 2008: 40.4pp · 2024: 32.9pp
• All cycles: 2024: D+32.9 2020: D+44.2 2016: D+48.0 2012: D+40.0 2008: D+40.4

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▼ -461.01%
• Current HPI: 349.1001
• Rent YoY: ▲ 0.67%
• Metro: Los Angeles-Long Beach-Anaheim, CA
• State GDP YoY: ▲ 3.21%
• F500 in state: 116

Industry mix (Fortune 500 HQ in CA)

Industry	F500 HQs	Revenue
▸Technology	27	$1,492B
▸Financial Services	3	$174B
▸Retail	3	$44B
▸Insurance	3	$26B
▸Media / Entertainment	2	$115B
▸Pharmaceuticals / Biotech	2	$62B

Price history

-2.6% since first listed

7 events — show timeline

• 2026-03-05 Price Changed $1,899,000 TheMLS
• 2026-01-20 Listed $1,949,995 TheMLS
• 2025-09-18 Price Changed — TheMLS
• 2025-08-05 Price Changed — TheMLS
• 2025-05-27 Listed — TheMLS
• 2003-05-02 Delisted — TheMLS
• 2003-04-24 Listed — TheMLS