This Multi-Family opportunity consists of a Single Family Residence and Fourplex totals 3,112 SF on a 6,499 SF R3 corner lot. This property has excellent frontage, with 130 Feet along Lexington Ave. & 50 Feet along Tamarind Ave.
The Single Family Residence is a 3 bedroom 2 bath unit and the Fourplex consists of 4 -1 bedroom 1 bath units.
This property is currently located within the Opportunity Zone and TOC 2 area!
This offering will attract an investor looking for a multi-family property or a developer looking to take advantage of the properties TOC designation, Opportunity Zone & prime location.
The Subject Property is located at the corner of Lexington & Tamarind Ave., just one block north of Santa Monica Blvd.
Schools in the immediate area include: Hollywood Primary Center, Joseph Le Conte Middle School, Helen Bernstein High School, Emerson College, just to name a few.
Very Walkable area with a walking score of 85.
Great accessibility; less than one mile from the 101 freeway on-ramp and approximately 1 mile from the Hollywood / Vine Metro Redline Station.
The property is located within a strong infill location; over 60,000 people reside within a 1-mile radius and over 400,000 people reside within a 3-mile radius.
Current Cap Rate is 3%
