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4202 Lexington Ave
Los Angeles, CA 90029
Multifamily Property For Sale
·
6 Units


Investment Highlights
- ADVANTAGEOUS LOCATION
- CULTURAL DIVERSITY
- BARRIERS TO ENTRY
Executive Summary
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 Resevoir (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, 4202 Lexington Ave is a solid investment for an investor seeking growth, stability, and a hedge against inflation.
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 Resevoir (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, 4202 Lexington Ave is a solid investment for an investor seeking growth, stability, and a hedge against inflation.
Property Facts
| Price Per Unit | $328,300 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.10 AC |
| Cap Rate | 5.36% | Building Size | 4,264 SF |
| Gross Rent Multiplier | 11.06 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1924 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | LAR1 - One-Family Residential | ||
| Price Per Unit | $328,300 CAD |
| Sale Type | Investment |
| Cap Rate | 5.36% |
| Gross Rent Multiplier | 11.06 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.10 AC |
| Building Size | 4,264 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1924 |
| Parking Ratio | 1/1,000 SF |
| Zoning | LAR1 - One-Family Residential |
Amenities
Unit Amenities
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
Site Amenities
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 6 | - | - |
Property Taxes
| Parcel Number | 5429-003-014 | Improvements Assessment | $721,794 CAD |
| Land Assessment | $1,934,709 CAD | Total Assessment | $2,656,503 CAD |
Property Taxes
Parcel Number
5429-003-014
Land Assessment
$1,934,709 CAD
Improvements Assessment
$721,794 CAD
Total Assessment
$2,656,503 CAD
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