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6459 Lexington Avenue, Los Angeles, California 90038, Los Angeles, 90038 - bed, bath

6459 Lexington Avenue, Los Angeles, California 90038 home-pic-0
ACTIVE$1,249,000
6459 Lexington Avenue, Los Angeles, California 90038
0Bed
0Bath
2,072Sqft
4,711Lot
Year Built
1977
Close
-
List price
$1.25M
Original List price
$1.38M
Price/Sqft
$603
HOA
-
Days on market
-
Sold On
-
MLS number
PV25112835
Home ConditionGood
Features
Patio
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $1.25M(50th), sqft - 2072(50th), beds - undefined(50th), baths - undefined(50th).

** 3 UPDATED UNITS BY THE CURRENT OWNER | WELL MAINTAINED | PHENOMENAL CAP RATE | SEPARATE METERS | PARKING & YARD FOR EACH UNIT | PRIME LOCATION | PRICED TO SELL!! ** The investment you have been waiting for in the heart of Hollywood! Welcome to 6459 Lexington Avenue, a charming income-producing triplex with solid rents, great tenants, and updated units. Running from Lexington Ave to La Mirada Ave, the units include 1210 Wilcox Ave (2 bed, 1 bath, roughly 860 SF), 1204 Wilcox Ave (1 bed + office, 1 bath, roughly 726 SF), and 1216 Wilcox Ave (1 bed, 1 bath, roughly 486 SF). Each unit is thoughtfully designed with functionality and privacy in mind; each enjoying their own laundry, private patio, and designated parking; while the 2-bedroom unit (1210) includes an exclusive private yard - a rare perk in city living! Some recent upgrades include 2 remodeled kitchens, a remodeled bathroom, new floors, 3 sub-meters for the water and power, and more. Tenants pay for ALL utilities except landscaping, generating a whopping $7,286/month in rents! This well-maintained property offers solid in-place income and one of the best cap rates to hit the market in the area, making it ideal for investors, 1031 exchanges, or owner-occupants looking to offset their mortgage. Avoid vacancies and hard-to-find tenants in an area thriving with employment opportunities, convenience, action, amazing weather, and desirability. Hollywood is a top employment hub for entertainment, tech, media, and hospitality, supporting a resilient tenant pool with strong earning potential - located just blocks from Paramount Studios, the future Echelon Studios campus, Netflix headquarters, and much more. Walkscore.com gives the property a 97 walk score rating, 100 transit score, and 83 bikeable score, with easy access to the 101 Freeway and Red Line Metro; allowing tenants to benefit from convenient access to coffee shops, gyms, restaurants, and transit. Surrounding development and steady economic growth have helped Hollywood consistently outperform many LA submarkets in property appreciation. Add in the year-round sunshine, and you’ve got an opportunity that checks every box for stability, lifestyle, and upside! Don’t miss your chance to own a versatile, turnkey triplex in one of LA’s most iconic and dynamic neighborhoods.

Price History

Date
Event
Price
09/30/25
Price Change
$1,249,000-3.8%
08/19/25
Price Change
$1,299,000
05/21/25
Listing
$1,380,000
07/02/10
Sold
$440,000
04/05/06
Sold
$697,000
07/21/03
Sold
$300,000
Condition Rating
Good
The property, built in 1977, has undergone significant recent updates as stated in the description, including '2 remodeled kitchens, a remodeled bathroom, new floors.' Images confirm these updates, showing modern white shaker cabinets, new countertops, and updated flooring in two units, and a clean, modern remodeled bathroom. While one kitchen (Image 9) appears older with terracotta tile and black appliances, it still seems functional and well-maintained. The overall condition is move-in ready with minimal wear and tear, aligning with a 'Good' score, as it has been extensively renovated in key areas within the last 5-15 years, even if not every component is brand new or high-end.
Pros & Cons

Pros

Strong Income & Cap Rate: The property boasts a phenomenal cap rate with solid in-place rents generating $7,286/month, making it an attractive investment for investors, 1031 exchanges, or owner-occupants.
Prime Hollywood Location: Situated in the heart of Hollywood, a top employment hub for entertainment, tech, and media, ensuring a resilient tenant pool and consistent demand.
Individual Unit Amenities: Each unit offers desirable private amenities including individual laundry, private patios, and designated parking, with the 2-bedroom unit also featuring an exclusive private yard.
High Walkability & Transit Scores: Excellent connectivity with a 97 walk score, 100 transit score, and 83 bike score, providing tenants convenient access to amenities, public transport, and major freeways.
Recent Updates & Well-Maintained: The property features 3 updated units by the current owner, including 2 remodeled kitchens, a remodeled bathroom, new floors, and separate sub-meters for utilities, indicating good condition and reduced landlord expenses.

Cons

Property Age: Built in 1977, the property's age, while updated, may still present potential for older underlying systems (e.g., plumbing, electrical) that could require future maintenance or upgrades not explicitly mentioned.
Price Reductions: The list price has seen reductions from an original $1.38M to $1.249M, which could suggest initial overpricing or market resistance, potentially indicating a longer sales cycle.
Smallest Unit Size: One of the units is relatively small at approximately 486 sq ft (1 bed, 1 bath), which might limit its appeal to a broader tenant demographic or restrict potential rent growth compared to larger units.

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