NOT LISTED FOR SALE

4457 Lexington Ave Los Angeles, CA 90029

East Hollywood Neighborhood

Estimated Value: $1,829,000 - $2,292,000

6 Beds
8 Baths
3,761 Sq Ft
$556/Sq Ft Est. Value

Last Sold March 29, 2016

Last sale price $1,383,000 $368 Per Sq Ft

Est. 51% increase in value since last sale

Current estimated payment $12,957/month

48 Days on Market

Highlights

  • Central Heating and Cooling System
  • John Marshall Senior High Rated A
  • 4-minute walk to Madison Avenue Park

About This Home

As of March 2016

NO RENT CONTROL + NEW CONSTRUCTION + HIGHLY DESIRED RENTAL AREA! Walk to Silver Lake's Sunset Junction and Hillhurst/Los Feliz from this well built large duplex. Each unit has 3 bedrooms and 3.5 bathrooms, private laundry room and over 1,800 square feet of living area in each unit! Each room has private bathroom perfect for renting to individuals and/or USC students who want to be in safe area and walking distance to Metro on Vermont. Rare to this size, location and price on the Eastside. Possible off street parking for 6 cars. 4 blocks to Sunset Junction, 3 blocks to Hillhurst, 2 blocks to Ralphs, 6 blocks to Virgil Village and 1 mile to Atomic Hair Lab. Both units delivered vacant. Great buy and hold for an owner-user.

Last Agent to Sell the Property

Imraan Ali

Compass License #01391639 Listed on: 01/19/2016

Compass

Last Buyer's Agent

Alexander Barad

Nourmand & Associates-HW License #01960595

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $19,877

Year Built

  • Built in 2015

Lot Details

  • 5,750

Home Design

  • 3,761 Sq Ft Home

Kitchen

  • Oven or Range
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 6 Bedrooms
  • 8 Bathrooms

Parking

  • 6 Parking Spaces
  • 2 Covered Spaces
  • Driveway

Additional Features

  • Gas Dryer Hookup
  • 5,750 Sq Ft Lot
  • Central Heating and Cooling System

Community Details

  • 2 Units

Listing and Financial Details

  • Assessor Parcel Number 5542-022-001

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$19,877

Year Built

Built in 2015

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Advertising Remarks: NO RENT CONTROL + quality new construction + desirable location in quickly appreciating Silver Lake/Los Feliz area makes this large duplex the perfect owner-user property. Rare to find a stacked units with approximately 1,800 feet each of living area on the Eastside. Each unit boasts three bedrooms, each with their own bath plus common area powder room, spacious kitchen, living, dining areas and laundry room. Possible off street parking for 6 cars. Being just north of rapidly improving Virgil Village, 4 blocks west of Sunset Junction and 3 blocks south of Hillhurst make the convenience of a walking lifestyle possible. Both units delivered vacant.
  • Living Area: 3761
  • Year Built: 2015
  • Number Of Photos: 22
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily
  • Stories: 0

Interior Features

  • Bedrooms: 6
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 8.00
  • Den: 0
  • Equipment: Dishwasher, Garbage Disposal, Gas Dryer Hookup, Range/Oven, Refrigerator
  • Price Per S Q F T: 371.98

Exterior Features

  • Tennis Court Y/N: No
  • Construction: New
  • Pool: No
  • View: No

Garage/Parking

  • Covered Parking: 2
  • Parking Garage: Driveway - Concrete, Garage - 2 Car
  • Total Parking: 6

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 0
  • Assessed Land Value: 345000
  • Assessor Parcel Number: 5542-022-001
  • Geocode Override: No
  • Lot Description: 2-4 Lots
  • Lot Size Area: 5750

Rental Info

  • Land Lease Expiration Year: 0
  • Rent Control: No

Multi Family

  • Unit Type: 2106, 2107
  • Gross Rent Multiplier: 19.23
  • Number Of Units: 2
  • Rent Control: 0
  • Total Annual Expense: 0
  • Type Of Units: rental
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Jan 19, 2016
Closed on
Mar 11, 2016
Sold by
Ocean Develoment Inc
Bought by
Kretchmar Samuel R
Seller's Agent
Imraan Ali
Compass
Buyer's Agent
Alexander Barad
Nourmand & Associates-HW
List Price
$1,500,000
Sold Price
$1,383,000
Premium/Discount to List
-$117,000
-7.8%
Current Estimated Value
$2,090,081

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$707,081
Avg. Annual Appreciation
4.73%

Purchase Details

Closed on
Oct 24, 2014
Sold by
Cyprus Brett M
Bought by
Ocean Development Inc

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$549,000
Interest Rate
4.1%
Mortgage Type
Future Advance Clause Open End Mortgage

Purchase Details

Closed on
Jul 17, 2012
Sold by
Cyprus Jane Dellen
Bought by
Cyprus Brett M

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$162,500
Interest Rate
3.62%
Mortgage Type
New Conventional

Purchase Details

Closed on
May 8, 2012
Sold by
Coverdale James Marion
Bought by
Cyprus Brett M

Purchase Details

Closed on
Apr 19, 2011
Sold by
Coverdale James Marion and Coverdale Jim M
Bought by
Coverdale James Marion

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$53,000
Interest Rate
4.83%
Mortgage Type
New Conventional
Source: Public Records

Range of Values:

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Average Value
Not Available
List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Kretchmar Samuel R $1,388,000 Lawyers Title
Ocean Development Inc -- Accommodation
Cyprus Brett M -- Fidelity Van Nuys
Cyprus Brett M $165,700 None Available
Coverdale James Marion -- Cal Counties Title
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Kretchmar Samuel R $795,000
Closed Kretchmar Samuel R $790,000
Previous Owner Ocean Development Inc $660,460
Previous Owner Ocean Development Inc $549,000
Previous Owner Ocean Development Inc $105,000
Previous Owner Cyprus Brett M $125,500
Previous Owner Cyprus Brett M $162,500
Previous Owner Coverdale James Marion $53,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/29/2016 03/29/16 Sold $1,383,000 -7.8% $368 / Sq Ft
03/07/2016 03/07/16 Pending -- -- --
01/19/2016 01/19/16 For Sale $1,500,000 -- $399 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $19,877 $1,643,104 $828,655 $814,449
2024 $19,877 $1,610,887 $812,407 $798,480
2023 $19,493 $1,579,302 $796,478 $782,824
2022 $18,589 $1,548,336 $780,861 $767,475
2021 $18,353 $1,517,977 $765,550 $752,427
2019 $17,805 $1,472,955 $742,845 $730,110
2018 $17,648 $1,444,075 $728,280 $715,795
2016 $8,386 $680,741 $350,261 $330,480
2015 $4,194 $345,000 $345,000 $0
2014 $2,157 $170,088 $170,088 $0
Source: Public Records

Agents Affiliated with this Home

  • Imraan Ali

    Seller's Agent in 2016

    Imraan Ali

    Compass

    (323) 547-0330

    1 in this area

    133 Total Sales

    Imraan Ali
    Section Image
  • Alexander Barad

    Buyer's Agent in 2016

    Alexander Barad

    Nourmand & Associates-HW

    (323) 251-9779

    29 Total Sales

    Alexander Barad
    Section Image
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Map

Source: The MLS

MLS Number: 16-973291

The MLS

APN: 5542-022-001

California Los Angeles County Los Angeles 90029 East Hollywood

4457 Lexington Ave, Los Angeles, CA

This home is located at 4457 Lexington Ave, Los Angeles, CA 90029 since 19 January 2016 and is currently estimated at $2,090,081, approximately $555 per square foot. This property was built in 2015. 4457 Lexington Ave is a home located in Los Angeles County with nearby schools including Lockwood Avenue Elementary School, Thomas Starr King Middle School Film and Media Magnet, and John Marshall Senior High.

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The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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