4886 Lexington AveLos Angeles, CA 90029

Property Details for 4886 Lexington Ave

Year built

1925

Construction

WOOD

Lot size

0.13 AC

Property size (Sq ft)

7,740 SF

Zone code

LARD1.5

Property type

Apartment buildings

APN

5540-025-002

APU

5540025002

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $2,830,881

  6.5%

  $2,613,121

  7%

  $2,426,470

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,281,350

  Geo Method

  $2,281,350

• Alternative Use

  Use

  Valuation

  Residential

  $2,613,121

  Hospitality

  $2,393,605

  Educational

  $1,991,451

  Medical

  $2,059,940

  Retail

  $3,097,813

Location Insight

City

Los Angeles

County

Los Angeles

State

California

Latitude

34.0933

Longitude

-118.296

CBSA code

31080

CBSA name

LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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