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29836081
29836082

4202 Lexington Ave, Los Angeles, CA 90029 For Sale

JE
CA CA 01931224
CBRE LA
HH
CA 02242652
CBRE LA
Listed by CBRE LA
$1,400,000
158 days on market
Updated 67 days ago

4202 Lexington Avenue

Details
APN 5429-003-014
Property Type Multifamily
Sub Type Apartment Building
Square Footage 4,264
Units 6
Cap Rate 4.65%
NOI $65,087
Occupancy 100%
Price per SqFt $328
Year Built 1924
Buildings 2
Stories 2
Lot Size (SqFt) 4,200
Zoning LAR1
Investment Type Value Add

Value-Add Opportunity | 6 Units | $233,333/Unit

Marketing description

Positioned North of Santa Monica Boulevard, right on the corner of Lexington Avenue and Myra Avenue, east of Hollywood Boulevard, 4202 Lexington Avnue offers an investor the opportunity to own a prime piece of real estate in one of Los Angeles trendiest areas. The property is in close proximity to the Silver Lake Resevoir, an iconic landmark in the neighborhood, known for it running path, dog park, and meadow. The property consists of two buildings, two- stories each, with 6 two-bedroom one-bath units. 4202 Lexington Avenue was constructed in 1924 on a ±4,200 SF, R1-1 zoned lot, with a total building size of ±4,264 SF. There is ample street parking to accommodate all residents.

Investment highlights

Advantageous Location

Excellent Unit Mix

Spacious 2 Bedroom Units

Listing Contacts

JE
CA CA 01931224
CBRE LA
HH
CA 02242652
CBRE LA
Listed by CBRE LA

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$65,087.00
$5,423.92/mo

Valuation Metrics

0
DSCR
4.65%
Cap Rate
4.65%
ROI

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Additional Information

Name
Jenny Eng
License
CA 01931224
Brokerage
CBRE
Brokerage Phone
8189074606
Title
First Vice President
Brokerage Address
234 South Brand Boulevard
Name
Hannah Hampton
License
02242652
Brokerage
CBRE
Brokerage Phone
8056303890
Title
Sales Associate
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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