5522 Lexington Avenue

Strong Value-Add Opportunity Approximately 57% rental upside from current rents to market levels. NOI projected to increase from ±$75K to ±$156K at stabilization.
Attractive Unit Mix 10 units consisting of studios, one-bedroom, and a two-bedroom unit catering to a broad tenant base
Prime Hollywood Location Positioned near major employment, entertainment, and lifestyle amenities driving consistent rental demand
New Roof and Recent Soft-Story Seismic Retrofit Property Owner recently installed a brand new roof and conducted a Soft-Story Seismic.
Updated Electricals and Plumbing The electrical components to all of the units were recently upgraded to meet insurance requirements. Additionally, ownership has administered extensive plumbing work to bring the property up to date.*
Favorable Basis Offered at $150K per unit, below replacement cost in a high-barrier-to-entry market
Stable In-Place Income Existing tenancy provides immediate cash flow with the ability to implement gradual rent increases*Buyer to verify

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