4635 Lexington Avenue, Los Angeles, CA 90029
- $2,795,000
- List Price
- $2,795,000
- Status
- ACTIVE
- MLS#
- SB26176851
- Year Built
- 2018
- Lot Size
- 7,963
- Acres
- 0.18
- Lot Location
- 0-1 Unit/Acre
- Days on Market
- 6
- Property Type
- Multifamily
- Style
- Modern
- Property Sub Type
- Apartment
- Stories
- Two Levels
Property Description
ONE OF A KIND — OFFERED FOR SALE FOR THE FIRST TIME SINCE ITS 2018 CONSTRUCTION. Five individual homes across three detached buildings on a single 7,961 square foot East Hollywood lot — a modern five-home compound of a kind this neighborhood has not seen built in decades. THE HOMES: Two two-story duplex buildings hold four oversized one-bedroom, two-bath residences of 1,010 to 1,073 square feet — nearly double the footprint of the typical East Hollywood one-bedroom — each a townhome-style layout with a bath on each level, its own garage, central heat and air, in-unit washer and dryer, and dishwasher. A fully detached 1,291 square foot two-bedroom, two-bath house with two assigned parking spaces completes the compound. Every home lives like a house: three separate buildings, no shared lobbies, no long corridors. WHY IT IS RARE: Built ground-up in 2018, the property sits entirely outside the LA Rent Stabilization Ordinance — ZIMAS confirms no RSO by APN — and the AB 1482 new-construction exemption keeps it outside statewide caps until roughly 2033. Nearly every competing five-unit nearby dates from 1912 to 1961. No soft-story retrofit, no galvanized plumbing, no knob-and-tube: the capital-expenditure profile of a new building carrying the income of five homes. THE OPPORTUNITY: A turn-key income property for an exchange buyer on a deadline or a long-horizon private investor — and a possible path for an owner to occupy one home while the other four produce income, subject to existing tenancies. At five doors, it is also an approachable first income property. One owner since construction, professionally managed from day one, with complete work order and collections records that demonstrate diligence to the buyer. THE LOCATION: Virgil Village adjacent, between Silver Lake and the Hollywood studio corridor — a short walk to the Metro B Line at Vermont and Santa Monica, minutes to Sunset Junction and Los Feliz. NEXT STEP: Offering Memorandum, measured floor plans, and lease files available upon request.
Additional Information
- Appliances
- Dishwasher, Gas Oven, Gas Range, Gas Water Heater, Refrigerator, Tankless Water Heater, Vented Exhaust Fan, Dryer, Washer
- Pool Description
- None
- Heat
- Central
- Cooling
- Yes
- Cooling Description
- Central Air
- View
- Hills
- Exterior Construction
- Block, Cement Siding, Drywall, Frame, Glass, Concrete, Stucco
- Roof
- Bitumen, Flat
- Garage Spaces Total
- 4
- Sewer
- Public Sewer
- Water
- Public
- Interior Features
- Balcony, Block Walls, Open Floorplan, Quartz Counters, Recessed Lighting, All Bedrooms Down, Walk-In Closet(s)
- Attached Structure
- Attached
- Number Of Units Total
- 5
- Gross Scheduled Income
- $195,079
- Operating Expense
- 39354
Listing courtesy of Listing Agent: Eric Cuevas (team@bauhaus.la) from Listing Office: Bauhaus Group.
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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.