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$ 1,800,000
Est. payment /mo
Price Dropped by $200K
4886 Lexington AVE Los Angeles, CA 90029
8 Beds
8 Baths
7,740 SqFt
UPDATED:
12/04/2024 07:32 PM
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 7,740 sqft
Price per Sqft $232
MLS Listing ID 24427301
Bedrooms 8
HOA Y/N No
Year Built 1925
Lot Size 5,519 Sqft
Property Description
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! Over 6% CAP Rate! 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.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LARD1.5
Interior
Heating None
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features None
Building
Story 2
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5540025002
Special Listing Condition Standard
Listed by Nicole Apostolos • Equity Union