4886 Lexington AveLos Angeles, CA 90029

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.