4202 Lexington Ave - Apartments FOR SALE


Los Angeles, CA 90029
$1,600,000 USD
213-631-8788
4202 Lexington Ave, Los Angeles, CA for Sale
$1,600,000 USD
Apartments - FOR SALE
1/6
null | Request Cap Rate

4202 Lexington Ave
Los Angeles, CA 90029


OVERVIEW

CBRE is proud to present 4202 Lexington Avenue, located in Silverlake CA, one of L.A.’s “Hippest” neighborhoods. Positioned North of Santa Monica Boulevard, right on the corner of Lexington Avenue and Myra Avenue, east of Hollywood Boulevard, 4202 Lexington Avenue 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 Reservoir, 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. 4202 Lexington Avenue is strategically positioned near local amenities such as Exer Urgent Care (0.1 mi), The Vermont/Santa Monica Metro B-Line Inglewood Station (0.6 mi), Silver Lake Reservoir (1.6 mi), Hollywood Presbyterian Medical Center (0.6 mi), and the Bellevue Recreation Center (0.8 mi). Silver Lake also has a plethora of destinations for local and visitors such as Dinosaur Coffee (0.3 mi), 33 Taps Silver Lake (0.4 mi), Bacari Silverlake (0.4 mi), Pine and Crane Silverlake (0.5 mi), The Paramour Estate (0.9 mi), and Silverlake Ramen (1.0 mi). Given the property’s outstanding real estate fundamentals which includes a prime location, sought-after neighborhood, and proximity to local amenities, 202 Lexington Ave is a solid investment for an investor seeking growth, stability, and a hedge against inflation.

FOR SALE DETAILS

PRICE

$1,600,000 USD

PRICE/SF

$375 USD /SF

# OF UNITS

6

PRICE/UNIT

$266,667

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1924

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.1 AC

LAND SF

4,200 SF

ZONING

LAR1

APN/PARCEL ID

5429-003-014

ASK ABOUT THIS PROPERTY

Jenny EngCBREMore Info
213-631-8788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Jenny EngCBREMore Info
213-631-8788

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.