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Prana Investments Sells 20-Unit Multifamily Building In Los Angeles For $2.82M

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SOLD
$2,820,000

California

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MultiFamily10,292 SF
Sold 11/17/2025
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SOLD

Prana Investments Sells 20-Unit Multifamily Building In Los Angeles For $2.82M

5737 Lexington Avenue

See Similar Deals
MultiFamily10,292 SF
Sold 11/17/2025
the dealplayerscompscontact
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Summary

CALIFORNIA
Asset Type:MultiFamily
Price Per Square Foot:$274
Total Square Footage:10,292 SF
Transaction Type:Sale

A multifamily apartment building located at 5737 Lexington Avenue in Los Angeles has been sold for $2,820,000. This property consists of 20 units, with a price per unit of $141,000. The total square footage of the building is 10,292, resulting in a price per square foot of $273.

Summary of transaction details:

  • Property Type: Multifamily
  • Transaction Amount: $2,820,000
  • Units: 20
  • Price Per Unit: $141,000
  • Square Feet: 10,292
  • Price Per Square Foot: $273
  • Seller: Prana Investments
  • Broker: Neema Ahadian - Marcus & Millichap
  • Date of Sale: 11/17/2025
  • Market: Los Angeles

The Neema Group of Marcus & Millichap represented both the buyer and seller in this transaction. Throughout the marketing process, eight offers were generated, attracting local active buyers interested in in-place yield and potential upside opportunities. The deal achieved over $140,000 per unit for a 1920's building consisting solely of studios.

Players

Neema Ahadian
Marcus & Millichap
Neema Ahadian
79 deals$733M volume(310) 691-9929
BROKER
Prana Investments
Prana Investments
SELLER

Details

SOLD
IMAGE: Neema Ahadian DATE: 11/17/2025 ADDRESS: 5737 Lexington Avenue MARKET: Los Angeles ASSET TYPE: Multifamily SELLER: Prana Investments BROKER: Neema Ahadian (@TheNeemaGroup) - Marcus & Millichap (@MarcusMillichapInc) SALE PRICE: $2,820,000 UNITS: 20 ~ PPU: $141,000 SF: 10,292 ~ PPSF: $273 NOTE FROM BROKER: The Neema Group of Marcus & Millichap Marcus & Millichap is pleased to announce the closing of 5737 Lexington Ave, a 20-unit apartment building in Hollywood. Generated eight offers throughout the marketing process, focusing on local active buyers seeking in-place yield and additional upside. Our team represented the buyer and seller throughout the transaction and achieved over $140,000 per unit for a 1920's building made up of only studios.

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Deal Type
Operating Income
Operating Expenses (Annual)
Net Operating Income (NOI)

$150,400.01

Debt Service Coverage Ratio (DSCR)

0.94x

Cap Rate

5.33%

Cash Flow (Annual)-$10,018.86
Cash-on-Cash Return-1.27%
Monthly Debt Service$13,368.24
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