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5406 Lexington Avenue
Los Angeles, CA 90029


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Property Remarks

The Edgemont is a 42-unit apartment building located in the Hollywood area of Los Angeles. The property consists of a four-story brick structure, plus two penthouse units on the fifth floor over a partial basement. Included with the property is a parking lot for approximately 14 vehicles. All units are master metered for utilities. The property has a center hallway design with two staircases and an elevator. All entrances are secured. There is a small lobby at the front of the property as well as a laundry room and additional storage rooms in the basement. The property is situated on a cul-de-sac and has excellent freeway visibility that provides great leasing exposure. The property boasts architecturally unique features such as four turrets on the upper floor. The unit mix consists of 32 studio apartments with a bathroom and full kitchen, eight units that are one-bedroom with one-bathroom and a full kitchen, as well as two units on the fifth floor that are studios.

Property Details

MLS#
17269520
Days on Market
72
Year Built
1928
Stories
5
Building/Living Area (sq ft)
25,048
Source of SqFt
Vendor Enhanced
Source of Lot Size
Other

Location

State
CA
County
Los Angeles
Area
Hollywood (C20)

Presented By:

Eva Fairchild
Brentwood CalBRE# 01926513 424.224.2583 mobile Contact Me Visit My Website

Listing provided courtesy of Brent Sprenkle , Berkadia


Exterior

Lot Acreage
0
Paved
No
Waterfront
No


Interior

Interior Features
Other

Additional Property Details

Number of Units
42
Parking Spaces
14
Number of Buildings
1
Gross Operating Income
$572,338
Total Expense
$236,320
ADA Compliance
No

Heating
Other
Parking
Other

Hollywood

Legendary around the world, Hollywood’s name implies glitz, glamour and celebrity appeal. But there’s more than sparkle to Tinseltown, this is a growing area for creativity and industry for both tech and entertainment and isn’t resting on its celebrity laurels.

Real Estate: Condos and apartments for sale abound on Hollywood’s historic streets. Single-family homes in this area are also available. Hollywood real estate is an exciting mix between newer developments and older homes and buildings.

Community Life:  Hollywood and Highland is a bustling megaplex. Part shopping mall, part entertainment mecca, this sprawling compound attracts both tourists and locals alike especially when it is hosting red-carpet events. The area is also home to many theaters including the Pantages Theater as well as movie and television studios, hotels, and restaurants. The area has always been famous for dramatic architecture from the Capitol Records building to Emerson College’s Hollywood Center, one of the most dramatically innovative buildings on Sunset Blvd.

 

Education: Hollywood is served by the Los Angeles Unified School District including Gardner Street Elementary, Selma Avenue Elementary, Helen Bernstein High School, and Hollywood Senior High School. Charter schools include Larchmont Charter, Santa Monica Blvd. Charter, and Magnolia Science Academy 5. Local private schools include Hollywood Schoolhouse, Aviva High School, and Blessed Sacrament School.

Transportation: Hollywood is easily reached by the 101 Freeway. Hollywood is well served by public transportation  including the Metro Red Line, MTA bus, Dash bus, and many others.

Local Attractions:  The Hollywood Walk of Fame attracts stargazers from far and wide to pay their respects to the legends enshrined on Hollywood Blvd. The TCL Chinese Theatre attracts tourists wanting to put their feet where legends have stood. Tourist opportunities include star tours, memorabilia shops, the Hollywood Wax Museum and the Hollywood Forever cemetery.

Community Explorer

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