4886 Lexington Avenue

Los Angeles, CA 90029

$1,650,000
Price
8
Beds
8
Baths
7,740 Sq. Ft.
$213 / Sq. Ft.
7,740
Sq. Ft.
$213
per Sq. Ft.

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...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.
  1. Listed by Nicole Apostolos • DRE #01464936 • Brokerage DRE #01342342 • Equity Union

Property Details for 4886 Lexington Avenue

Zoning
LARD1.5
Parcel Number
5540025002
Total Units
8.0
Living Area
7740
Source Living Area
Vendor Enhanced
Area
Hollywood (C20)
Vacancy Rate
1/8
Lot Size Area
5517
LISTING UPDATED: 01/20/2025 08:34 AM

Property Details for 4886 Lexington Avenue

StatusActive
MLS #24-427301
Days on Market168
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1925
Lot Size0.13 AC / 5,517 SF
CountyLos Angeles County

Building Information for 4886 Lexington Avenue

Stories2Residences-Year Built1925Building Size-Lot Size0.13 AC / 5,517 SF

Property Information for 4886 Lexington Avenue

Community / Development
Community / Development
  • Number Of Units: 8
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 1+1
Contract Info
Contract Info
  • Probate: No
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Scheduled
  • Gross Operating Income: $162,739
  • Net Operating Income: $109,974.00
  • Gross Income: $167,772
  • Cap Rate: 6.67%
  • Gross Rent Multiplier: $9.83
  • Actual Annual Gross Rent: $167,772.00
  • Owner Pays: Water
  • Total Annual Expense: 52765
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1267
  • Lot Size Square Feet: 5517
Parking Details
Parking Details
  • Parking Garage: None
  • Total Parking: 0
  • Parking Features: None
Interior Features
Interior Features
  • Levels: Two
  • Cooling: Wall/Window Unit(s)
  • Cooling Type: Wall/Window
  • Heating: None
  • Heating Type: None
  • Equipment: None
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 08-14-2024
  • Rent Control: Yes
  • Rent Control: 100
  • Tenant Pays: Gas, Electricity
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,747.60
  • Unit Actual Rent: $13,981.00
  • Unit Projected Rent: $18,400.00
  • Like Units: 8
Unit Details
  • Unit Type Type: 2106
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $650,980.00
  • Assessed Improvement Percent: 51.52
  • Assessed Land Value: $612,514.00
  • Assessed Land Percent: 48.48
  • Assessed Total Value: $1,263,494.00

Property History for 4886 Lexington Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 4886 Lexington Avenue

Taxable ValueLand$624,764Additions$663,999Total$1,288,763
Tax Record2024$16,663 ($1,389 / month)
Home Facts
Total Finished SqFt7,740 SqFtAbove Grade Finished SqFt7,740 SqFtLot Size5,515 SqFtStyleMulti-Family Res (5+ Units)Year Built1925ZoningLARD1.5CountyLOS ANGELESAPN5540-025-002

Schools near 4886 Lexington Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Ramona Elementary School
PublicK to 5

Thomas Starr King Middle School
Public6 to 8

Helen Bernstein High School
Public9 to 12

STEM Academy at Bernstein High
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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4886 Lexington Avenue is a multi-family home for sale in Los Angeles, CA 90029. This property was listed for sale on August 14, 2024 by Equity Union, it's currently listed at $1,650,000. It has been on the market for a total of 168 days and was last sold on December 20, 2012. This listing's school district is Los Angeles Unified School District. Nearby schools include Ramona Elementary School, Thomas Starr King Middle School and Helen Bernstein High School. 4886 Lexington Avenue is a 8-bed, 8-bath, 7,740 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Equity Union, Nicole Apostolos, DRE #01464936

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.