About 4635 Lexington Avenue
PRICE JUST DROPPED TO SELL!! 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 propert
