1202-1212 N Cole Ave - Apartments FOR SALE


Los Angeles, CA 90038- Hollywood
$2,250,000 USD
323-821-5353
1202-1212 N Cole Ave, Los Angeles, CA for Sale
$2,250,000 USD
Apartments - FOR SALE
1/7
null | 7.59% Cap Rate

1202-1212 N Cole Ave
Los Angeles, CA 90038
Hollywood


HIGHLIGHTS

  • Location

OVERVIEW

6423 Lexington (the "Colex Apartments") is an 8-unit, two-story 1959 building on a 6,915 sf corner lot at Lexington and Cole in the Hollywood Media District, zoned LARD1.5, 7,449 sf of living area, 8 parking spaces (6 covered, gated tandem for the big unit). Unit mix is one 4bd/3ba plus seven 2bd/1ba. This is the East Hollywood side of the Media District, a few blocks from Netflix on Vine, Sunset Gower and Sunset Bronson, Paramount, and a heavy concentration of post-production shops, with new mid-rise apartments going up along Lexington (5806 and 5817 Lexington are recent examples). Renter demand from is real and the walkability is excellent. This 8-unit apartment building is perfectly positioned to attract tenants seeking a vibrant urban lifestyle in the heart of Hollywood. Whether you're looking for steady cash flow, significant upside potential, or a pride-of-ownership property in one of L.A.'s most dynamic submarkets, 6423 Lexington is a unique opportunity that checks all the boxes. So much happening in this neighborhood that makes it an investment to jump on!

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$302 USD /SF

# OF UNITS

8

PRICE/UNIT

$281,250

CAP RATE

7.59%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Colex Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1959

PARKING SPACES

7

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

6,926 SF

ZONING

LARD1.5

APN/PARCEL ID

5533-004-015

ASK ABOUT THIS PROPERTY

Angelo FierroCompassMore Info
323-821-5353

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Angelo FierroCompassMore Info
323-821-5353

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.