4202 Lexington Ave, Los Angeles, CA 90029

Property Description

Positioned North of Santa Monica Boulevard, right on the corner of Lexington Avenue and Myra Avenue, east of Hollywood Boulevard, 4202 Lexington Avenue is located in one of LA's "hippest" neighborhoods and 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 of4,264 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,4202 Lexington Ave is a solid investment for an investor seeking growth, stability, and a hedge against inflation.