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$ 2,795,000
Est. payment | /mo
3 Beds
10 Baths
7,963 Sqft Lot
$ 2,795,000
Est. payment | /mo
3 Beds
10 Baths
7,963 Sqft Lot
Key Details
Property Type Multi-Family
Sub Type Res Income 2-4 Units
Listing Status Active
Purchase Type For Sale
MLS Listing ID SB26176851
Bedrooms 3
Lot Size 7,963 Sqft
Property Sub-Type Res Income 2-4 Units
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 constructi
Location
State CA
County Los Angeles
Zoning Public Rec
Direction North vermont and east on lexington ave
Interior
Cooling Central Forced Air
Fireplace No
Exterior
View Y/N No
Building
Story 2
Level or Stories 2
Others
Senior Community No
Tax ID 5542019027
Acceptable Financing Cash, Exchange
Listing Terms Cash, Exchange
Virtual Tour https://storage.googleapis.com/bauhaus-public-docs/260728_LexingtonListingPage_BG.html
Listed by Eric Cuevas, DRE#01916371 Bauhaus Group
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Keegan Wetzel
Founder | Naval Academy | OIF Veteran | License ID: 02153342