4886 Lexington Ave
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4886 Lexington Ave
8 Unit Apartment Building $1,650,000 ($206,250/Unit) 6.67% Cap Rate Los Angeles, CA 90029
Investment Highlights
- Great Location near Fountain Ave. & Vermont Ave. 5,515 square foot Corner Lot
- Charming 1920's building! Well maintained and recently exterior paint!
- Very spacious 1+1 units, each averaging over 950 square feet!
- Walk Score of 91 out 100, deemed a Walker's Paradise!
- One Unit will be Delivered Vacant!
- Separately metered for gas & electricity with separate H20 heaters!
Executive Summary
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! 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.
Financial Summary (Actual - 2023) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,650,000 | Apartment Style | Low Rise |
| Price Per Unit | $206,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 6.67% | Building Size | 7,740 SF |
| Gross Rent Multiplier | 9.83 | Average Occupancy | 87% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Price | $1,650,000 |
| Price Per Unit | $206,250 |
| Sale Type | Investment |
| Cap Rate | 6.67% |
| Gross Rent Multiplier | 9.83 |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 7,740 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built | 1925 |
| Opportunity Zone |
Yes |
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
- Range
- Freezer
Site Amenities
- 24 Hour Access
- Recycling
- Multi Use Room
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | - |
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Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (71)
PROPERTY TAXES
| Parcel Number | 5540-025-002 | Total Assessment | $1,288,763 (2024) |
| Land Assessment | $624,764 (2024) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $663,999 (2024) | Tax Year | 2023 |
PROPERTY TAXES
Parcel Number
5540-025-002
Land Assessment
$624,764 (2024)
Improvements Assessment
$663,999 (2024)
Total Assessment
$1,288,763 (2024)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2023
zoning
| Zoning Code | RD1.5, Los Angeles |
| RD1.5, Los Angeles |
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4886 Lexington Ave
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