Introducing a rare investment opportunity in the heart of Los Angeles. This historic 1924-built property at 4202 Lexington Ave offers a 4,264 SF building with 6 units, ideal for a multifamily/low-rise garden investor. Zoned R1-1, this property presents a solid foundation for potential income generation. With its classic charm and prime location, this property offers an enticing blend of character and future promise. Don't miss the chance to acquire this timeless piece of real estate in a thriving market.
Situated in the vibrant Silver Lake neighborhood of Los Angeles, the property sits near Lexington Avenue and Myra Avenue, just north of Santa Monica Boulevard and in close proximity to Hollywood Freeway, Silver Lake Reservoir, and local dining and transit options.
Real Estate incentives range widely and have been overlooked by the Commercial Multiple Listing Services (MLS) for decades. Real estate incentives is a generic term used to group any number of programs, such as tax incentives, that are designated by an agency for a geographic area."
Why are Real Estate Incentives Important and to Whom?
"Incentives" are vital today and in the future because:
U.S. Public: Many incentives focus on job creation and Affordable Housing
Investors and Commercial Developers use incentives to reduce financial risk, obtain gap financing, etc. Investors and developers look for property listings with incentives available.
Commercial Real Estate Brokers, in mass, unfortunately do not know about incentives tied to their listings
Entire Supply Chain of Real Estate Development such as small and large companies who will provide goods and services to new and revitalized properties.