For Sale
$2,000,000

4886 Lexington Ave Los Angeles, CA 90029

8-Unit Multifamily Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
137
This charming 7,740 square foot apartment building presents a compelling investment opportunity in the heart of East Hollywood. Situated on a 5,515 square foot corner lot zoned LARD1.5, the property comprises eight spacious one-bedroom, one-bathroom units, each averaging over 950 square feet. Built in 1925, the building retains its original charm with high ceilings and arched doorways. Each unit features a large den and is separately metered for gas and electricity, with individual water heaters. One unit will be delivered vacant. The property boasts an enviable location near Fountain Avenue and Vermont Avenue, just minutes from the 101 Freeway, providing easy access to Hollywood and Los Feliz. Enjoy proximity to numerous restaurants, bars, and entertainment venues, including Square One, The Good Good, Melody, and Found Oyster. A "walker's paradise" with a walk score of 91, the area offers convenient access to grocery stores and daily necessities. Major medical facilities like Kaiser Permanente Hospital and Children's Hospital, as well as Los Angeles City College (LACC), are within a mile. The property's location also benefits from numerous nearby studios and ample public transportation options. Note that this Los Angeles property is subject to rent control. The asking price is $2,000,000, with a price per unit of $250,000. APN: 5540-025-002.

Highlights

  • $2,000,000 asking price for an eight-unit apartment building.
  • Located at 4886 Lexington Ave, Los Angeles, CA 90029.
  • Eight (8) spacious 1+1 units, averaging over 950 square feet each.
  • Built in 1925, features high ceilings and arched doorways.
  • Situated on a 5,515 sq ft lot in a desirable East Hollywood location, near major freeways and public transportation.

Property Details for 4886 Lexington Ave

Property type
Apartment buildings
Year Built
1925
Units
8

Location Insight

City
Los Angeles
County
Los Angeles
State
California
Latitude
34.093414978969
Longitude
-118.29584391603

FAQs

What type of property is this?
Apartment building - 8-Unit Multifamily Investment Opportunity
Where is the apartment building located?
The property is located at 4886 Lexington Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $2,000,000.
What are key features of this property?
This property features: $2,000,000 asking price for an eight-unit apartment building.; Located at 4886 Lexington Ave, Los Angeles, CA 90029.; Eight (8) spacious 1+1 units, averaging over 950 square feet each.
How can I contact the broker?
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4886 Lexington Ave
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