5802 Lexington Ave 3BR Hancock Park La

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.