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4632 Lexington Ave 0.19 Acres of Residential Land Offered at $1,725,000 in Los Angeles, CA 90029
EXECUTIVE SUMMARY
Archetype Commercial Realty is pleased to present a rare development opportunity at 4632 Lexington Ave., a vacant LARD1.5-zoned lot in the highly desirable East Hollywood neighborhood. Situated adjacent to the Hollywood Hotel and just minutes from Silver Lake and Santa Monica Blvd., this ±8,266 SF paved lot presents multiple possibilities for investors and/or developers. The Vacant Land previously housed an 8-unit, two-story building that was demolished in 2000. The land is currently paved and the adjacent hotel has been utilizing the land with the consent of the current owner to house their trash bins and park vehicles when needed. Buyers are advised to conduct their own due diligence regarding ease of accessibility to utilities, development potential, and current site conditions. With its central location and zoning, this site offers a great opportunity to yield an exceptional return whether it be a multi-family development or potentially exploring leasing options such as additional parking (subject to City approval) for nearby properties. Positioned in a Transit Priority Area and just off Vermont and nearby Santa Monica Blvd, the location offers excellent access to public transportation and is walkable to some of L.A.’s most vibrant shops, cafes, and restaurants. There is endless potential in one of L.A.’s most active submarkets.
Broker and Broker's Agents do not guarantee accuracy of SF, zoning and/or permitted use(s), or other information regarding the features or condition of the property. Buyer is advised to independently verify the information with the city and appropriate licensed professionals to satisfy themselves.
PROPERTY FACTS
| Price | $1,725,000 | Property Type | Land |
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| No. Lots | 1 | Total Lot Size | 0.19 AC |
| Zoning | LARD1.5 | ||
| Price | $1,725,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Total Lot Size | 0.19 AC |
| Zoning | LARD1.5 |
1 LOT AVAILABLE
Lot
| Price | $1,725,000 | Lot Size | 0.19 AC |
| Price Per AC | $9,078,947.37 |
| Price | $1,725,000 |
| Price Per AC | $9,078,947.37 |
| Lot Size | 0.19 AC |
DESCRIPTION
*Price Improvement* Archetype Commercial Realty is pleased to present a rare development opportunity at 4632 Lexington Ave., a vacant LARD1.5-zoned lot in the highly desirable East Hollywood neighborhood. Situated adjacent to the Hollywood Hotel and just minutes from Silver Lake and Santa Monica Blvd., this ±8,266 SF paved lot presents multiple possibilities for investors and/or developers. The Vacant Land previously housed an 8-unit, two-story building that was demolished in 2000. The land is currently paved, and the sewer line was capped at the time of demo. Buyers are advised to conduct their own due diligence regarding ease of accessibility to utilities, development potential, and current site conditions. With its central location and zoning, this site offers a great opportunity to yield an exceptional return whether it be a multi-family development or potentially exploring leasing options such as additional parking (subject to City approval) for nearby properties. Positioned in a Transit Priority Area and just off Vermont and nearby Santa Monica Blvd, the location offers excellent access to public transportation and is walkable to some of L.A.’s most vibrant shops, cafes, and restaurants. There is endless potential in one of L.A.’s most active submarkets. For the quickest response, please send a Loopnet/CoStar inquiry or email Tania@Archetyperealty.com or call Co-Listing Agent Raffi Ashdjian at 818.955.8404. Photos of site coming soon! Broker and Broker's Agents do not guarantee accuracy of SF, zoning and/or permitted use(s), or other information regarding the features or condition of the property. Buyer is advised to independently verify the information with the city and appropriate licensed professionals to satisfy themselves.
PROPERTY TAXES
| Parcel Number | 5542-028-009 | Improvements Assessment | $0 |
| Land Assessment | $282,179 | Total Assessment | $282,179 |
PROPERTY TAXES
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4632 Lexington Ave
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