Nalren
Get the App

5522 Lexington Avenue, Los Angeles, CA 90038

Property · 2 recorded sales since 2018

5522 Lexington Avenue, Los Angeles, CA 90038 Sold August 2026 CRMLS
$1,500,000Sold August 2026

Listing Agent: Daniel Withers (DRE #01325901) · Listing Office: Matthews Real Estate Investment Services · Contact: 866-889-0550 · Bought with: Daniel Withers · Matthews Real Estate Investment Services · MLS #26701519 · Source: CRMLS

8
Bedrooms
10
Bathrooms
6,130
Sq Ft
7,497 sqft
Lot Size
1962
Year Built
Property
Type

How this sale compares

5522 Lexington Avenue sold for $1,500,000 in August 2026, at its full list price, after 82 days on the market. It was first listed at $1,700,000. That works out to $245 per square foot on 6,130 square feet. Across 41 closed sales in 90038 over the last 12 months, the median sold price is $1,183,000 and the median is $594 per square foot, 142% above this sale's $245.

$245
This sale, per sq ft
$594
90038 median per sq ft (12 mo)
$1,183,000
90038 median sold price (12 mo)
41
Closed sales in 90038 (12 mo)
82
Days on market
QuarterClosed sales in 90038Median sold price
Q1 20265$950,000
Q2 202619$1,176,500
Q3 202616$1,266,300
Q4 20261$2,360,000

Figures are MLS-reported closed sales (CRMLS); ZIP medians cover the last 12 months. Nalren does not estimate values. Recently sold in Los Angeles · Homes for sale in 90038

Description

5522 Lexington Avenue is a 10-unit multifamily asset located in the highly desirable Hollywood submarket of Los Angeles, CA. Built in 1962, the property consists of approximately 6,133 square feet on a 0.17-acre lot, offering an efficient unit mix of three studios, six one-bedroom units, and one two-bedroom unit. The property benefits from a low-density layout with on-site parking and strong in-place operations, making it well-positioned for both stable cash flow and future value enhancement. Situated in a prime rental corridor near major employment hubs, entertainment centers, and retail amenities, the asset offers investors a compelling opportunity to capitalize on significant rental upside. Current rents average approximately $1,261 per unit compared to a market average near $1,980, representing substantial mark-to-market potential. With projected income growth of over 50% and a pro forma NOI more than doubling, 5522 Lexington Avenue presents a classic value-add investment in one of Los Angeles' most supply-constrained and high-demand rental markets.

Listing description from the August 2026 sale, as reported to CRMLS.

Sale history

$1,500,000
Sold August 2026 · orig. $1,700,000, on market April 2026, 82 days on market · MLS #26701519 · Source: CRMLS
Listing Agent: Daniel Withers · Listing Office: Matthews Real Estate Investment Services · Contact: 866-889-0550 · Bought with: Daniel Withers · Matthews Real Estate Investment Services
$1,875,000
Sold August 2018 · listed $1,975,000, on market May 2018, 21 days on market · MLS #18350014 · Source: CRMLS
Listing Agent: Kimberly Roberts Stepp · Listing Office: KWSM · Contact: 310-482-2200 · Bought with: Kimberly Roberts Stepp · KWSM

Recent sales near 5522 Lexington Avenue

Closed sales reported in 90038, nearest first, last 12 months. All recent sales in Los Angeles →

See homes for sale in Los Angeles Open the Nalren App

Explore Los Angeles

Homes for sale in Los Angeles Recently sold in Los Angeles Homes for sale in 90038 All California homes

Sale history for this address is based on MLS-reported closed transactions provided through CRMLS. Information is deemed reliable but not guaranteed and should be independently verified. Nalren does not provide price estimates or valuations.

Nalren: discover real estate, commercial property, and businesses for sale across California.

Nalren Corp. · CA DRE #02423715