7735 Lexington ave, West Hollywood , CA 90046
Active
$1,500,000
4 Units
4 Beds
4 Baths
2,100 Area(sq.ft.)
Lot: 5,031 Lot Size(sq.ft.)
| Type | # of Units | Bedroom | Bath | Furnished | Rent | Actual Rent | Projected Rent |
|---|---|---|---|---|---|---|---|
| Unit 1 | 1 | 1 | 1 | No | $ 1,337 | $ 1,178 | $ 1,800 |
| Unit 2 | 1 | 1 | 1 | No | $ 1,337 | $ 755 | $ 1,800 |
| Unit 3 | 1 | 1 | 1 | No | $ 1,337 | $ 835 | $ 1,800 |
| Unit 4 | 1 | 1 | 1 | No | $ 1,337 | $ 2,581 | $ 2,581 |
| 4 | 4 | 4 | $ 5,348 | $ 5,349 | $ 7,981 |
| MLS #: | 25518493 |
| Days On Market: | 303 |
| Listing Date: | April 7, 2025 |
| County: | Los Angeles |
| Property Type: | Residential Income |
| Price per ft2: | $ 714 |
| Price per unit: | $ 375,000 |
| Year Built: | 1922 |
Property Details
PRIME West Hollywood Location Charming Spanish 4 Unit, delivered AS-IS with MONTH-TO-MONTH Tenants in place. SUBJECT TO City of West Hollywood Rent Stabilization, Relocation Fees, Counseling Fees. (see MLS Doc's OR https://www.weho.org/city-government/rent-stabilization/rental-housing/for-landlords) Corner Location with separate addressess and meters. Two units 1010-1012 Genesee St.; Two units 7735-7737 Lexington Ave. All single level, side-by-side One Bedroom/One Bath, with individual patios, hardwood floors, decorative fireplaces. One Unit has been updated and leased at market rate. Street Parking with only one off street space, 2 garages used for storage. WEHO Zoning WDR1B single family or two-unit low density housing. (ADJACENT CORNER PROPERTY is ALSO AVAILABLE FROM SAME OWNER 7740 Hampton/1016 Genesee: A 3BR 2BA HOUSE PLUS UNPERMITTED STUDIO/ADU, Zoned WDR2, See MLS#25518261. IF Combined: Lots run Street to Street along Genesee Street, totalling apprx 10,392 square feet. SEE Aerial Photo) Due Diligence: It's crucial for buyers and developers to conduct thorough due diligence regarding remediation, zoning, permits, square footage, moratoriums, and other potential restrictions before proceeding with any development plans. Trust Sale. Buyer to Cooperate with Seller on 1031 Exchange at no cost to Buyer. NO sign at property.Interested in this Listing?
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Income Details
| Rent Control: | Yes, 100% |
| Gross Operating Income: | $ 64,188 |
| Total Annual Expense: | $ 8,937 |
| Net Operating Income: | $ 55,251 |
| Gross Annual Income: | $ 64,188 |
| Gross Rent Multiplier: | 23.36 |
| Actual Gross Rent: | $ 64,188 |
| Actual Gross Income: | $ 64,188 |
| Actual Rent Total: | $ 64,188 |
Structure
| Type of Units: | one bedroom |
| Buildings: | 2 |
| Levels: | One |
| Style: | Cottage |
| Sewer: | In Street |
| View Description: | None |
| Water: | Public |
Land & Parking
| Zoning: | WDR1B* |
| Parking Garage: | On street |
Interior
| Cooking Appliances: | Free Standing Gas |
| AC/Cooling: | None |
| Equipment: | Ceiling Fan, Range/Oven, Refrigerator |
| Heating: | Wall Gas |
| Fireplace Rooms: | Decorative |
| Laundry: | None |
| Patio Features: | Patio Open, Porch - Front |
Exterior
| Exterior Construction: | Stucco |
| Pool: | No |
| Roof: | Flat |
| Spa: | No |
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