5802 Lexington Avenue

Welcome to this rare and beautifully upgraded California Bungalow, an outstanding opportunity for both investors and end users in the heart of Hollywood. Offering strong income-producing potential, this home can achieve approximately $5,000 - $5,500 per month in rental income, making it an ideal turnkey investment in a high-demand location.Blending timeless charm with modern upgrades, the property underwent a full remodel in 2022, including updated plumbing, refreshed systems, and stylish contemporary finishes throughout. From the moment you arrive, the home makes an impression with a fully fenced front yard, electric driveway gate, lush landscaping, and a welcoming oversized porch perfect for morning coffee or evening relaxation. Inside, the residence features a warm, light-filled interior with new flooring, fresh interior and exterior paint, upgraded windows, and new privacy blinds. Original architectural details built-ins, mouldings, French doors, and a classic gas fireplace preserve its character while elevating its appeal. A large picture window fills the living space with natural light, flowing into a charming dining area with a built-in wood cabinet and a newly updated chef's kitchen complete with new countertops, cabinetry, and appliances. The layout offers three spacious bedrooms and two updated bathrooms, including a convenient half bath, making it highly functional for families, roommates, or rental occupants. The large attic provides extensive additional storage, a rare bonus in homes of this style. Combined with its flexible floor plan, the property delivers excellent livability and long-term value. Investor appeal is further enhanced by LR3 zoning and a generous corner lot, offering clear upside for future expansion, development, or additional units. The converted garage adds exceptional versatility and is ideal as a bonus room, additional bedroom, home office, or creative studio, creating even more functional living space and enhancing both end-user appeal and rental flexibility. The backyard is designed for effortless entertaining, featuring new hardscape, an outdoor TV setup, and ample space for gatherings, dining, and relaxation. Additional highlights include a new tankless water heater, copper plumbing and three off-street parking spaces. Located just moments from the vibrant energy of Hollywood, the property is close to world-class restaurants, cafes, bars, shopping, and entertainment, offering a truly walkable, buzzing lifestyle in one of Los Angeles' most iconic neighborhoods. Whether you're an investor seeking strong cash flow and future upside, or a first-time buyer looking to step into a prime Hollywood location with built-in income potential, this turnkey California Bungalow delivers on every level.