4202 Lexington Ave, Los Angeles, CA 90029
6 Unit Apartment Building | $1,500,000 ($250,000/Unit) | 4.25% Cap Rate | Los Angeles, CA 90029
For Sale
Active
24 pictures
Asking Price $1,500,000
- Property Type
-
Multifamily
- Square Feet
- 4,264 SF
Listing Contacts
Mick Moody
Aaron Fierstein
Bridget Behmke
Property Overview
$100,000 PRICE REDUCTION!!!
4202 Lexington Avenue is located in the highly sought after Los Angeles neighborhood of Silver Lake, home to many trendy retail shops,
cafes, and restaurants fit for a foodie. Silver Lake is nestled between Hollywood to the West and Downtown Los Angeles to the East. The
property is also located just minutes away from the upscale neighborhood of Los Feliz to the North including nearby major employers such as Kaiser Permanente and the Childrens Hospital of Los Angeles. 4202 Lexington Avenue consists of two-bedroom, one-bathroom units with an astounding 60% rental upside! Given the limited inventory of multifamily properties for sale with all two-bedrooms in this desirable location among charming single-family residences along Lexington Avenue, this six-unit, value-add income property will serve an investor well.
4202 Lexington Avenue is located in the highly sought after Los Angeles neighborhood of Silver Lake, home to many trendy retail shops,
cafes, and restaurants fit for a foodie. Silver Lake is nestled between Hollywood to the West and Downtown Los Angeles to the East. The
property is also located just minutes away from the upscale neighborhood of Los Feliz to the North including nearby major employers such as Kaiser Permanente and the Childrens Hospital of Los Angeles. 4202 Lexington Avenue consists of two-bedroom, one-bathroom units with an astounding 60% rental upside! Given the limited inventory of multifamily properties for sale with all two-bedrooms in this desirable location among charming single-family residences along Lexington Avenue, this six-unit, value-add income property will serve an investor well.
Property Details
- Class
- C
- Year Built
- 1924
- Stories
- 2
- Lot Size (sq. ft)
- 4,356 SF
- Units
- 6
Highlights
- Excellent Value-Add Investment Opportunity
- Tremendous rental upside of approximately 60%
- Phenomenal Los Angeles (Silver Lake) location
- All two-bedroom, one-bathroom apartments
- Located near major employers, retailers, markets, and restaurants
- Los Feliz, Hollywood, and Downtown L.A. located just minutes away
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