4886 Lexington Ave, Los Angeles, CA 90029
8 Unit Apartment Building | $2,000,000 ($250,000/Unit) | 5.44% Cap Rate | Los Angeles, CA 90029
For Sale
Active
Asking Price $2,000,000
- Property Type
-
Multifamily
- Square Feet
- 7,740 SF
Listing Contacts
Nicole Apostolos
Property Overview
Charming 7,740 SF building situated on a 5,515 SF LARD1.5 zoned corner lot. The property is composed of eight (8) very spacious 1+1 units, each averaging over 950 square feet. The property was built in 1925, has charming features, high ceilings, arched doorways and each unit has a large den area. Each unit is separately metered for gas and electricity and has separate H20 heaters. One Unit will be delivered VACANT! Extremely well located in the heart of East Hollywood, near Fountain Ave. & Vermont Ave., just a few minutes from the 101 Freeway. It's within close proximity to everything Hollywood and Los Feliz have to offer; like Square One, The Good Good, Melody, Found Oyster, and many other restaurants & bars! Moreover, the property is just minutes away from the 101 freeway and has many nearby public transportation options. This location is deemed a "walker's paradise" with a walk score of 91 out of 100, given its close proximity to restaurants, grocery stores, and every day necessities. Kaiser Permanente Hospital, Children's Hospital and Los Angeles City College (LACC) are within one mile of the property as well as many Studios providing many employment opportunities in the local area. The property is located in the City of Los Angeles and is subject to Rent Control.
Property Details
- Class
- C
- Year Built
- 1925
- Stories
- 2
- Lot Size (sq. ft)
- 5,663 SF
- Units
- 8
Highlights
- Great Location near Fountain Ave. & Vermont Ave. 5,515 square foot Corner Lot
- Walk Score of 91 out 100, deemed a Walker's Paradise!
- Charming 1920's building! Well maintained and recently exterior paint!
- One Unit will be Delivered Vacant!
- Very spacious 1+1 units, each averaging over 950 square feet!
- Separately metered for gas & electricity with separate H20 heaters!
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