7154 Lexington AveWest Hollywood, CA 90046

This exceptional West Hollywood multifamily property, located at 7154 Lexington Ave, offers five units in a highly desirable rental market. The 2,104 square foot building, constructed in 1952, comprises three one-bedroom, one-bathroom units and two studio units, averaging 420 square feet each. Situated on a 2,934 square foot lot, this Class B building boasts a strong net operating income (NOI) of $67,706, resulting in a 4.59% cap rate. The asking price is $1,475,000, or $295,000 per unit, presenting a compelling value-add opportunity with an estimated 23% upside potential in rental income. The property benefits from a Walk Score of 97 ("Walker's Paradise"), placing it within easy walking distance of a wide array of shopping, dining, and entertainment options. This 1031 exchange eligible offering is a rare chance to acquire a trophy asset in one of Los Angeles' most coveted neighborhoods, adjacent to Hollywood and Beverly Grove. The property's strong location and potential for increased rental income make it an attractive investment for discerning buyers.