4202 Lexington Ave — Sale in Los Angeles, CA

  • Price: $1.5M
  • Listing type: For sale
  • Asset type: Multifamily Property
  • Location: Los Angeles, CA 90029

Description

Positioned North of Santa Monica Boulevard, right on the corner of Lexington Avenue and Myra Avenue, east of Hollywood Boulevard, 4202 Lexington Avenue offers an investor the opportunity to own a prime piece of real estate in one of Los Angeles trendiest areas. The property is in close proximity to the Silver Lake Reservoir, an iconic landmark in the neighborhood, known for it running path, dog park, and meadow. The property consists of two buildings, two-stories each, with 6 two-bedroom one-bath units. 4202 Lexington Avenue was constructed in 1924 on a ±4,200 SF, R1-1 zoned lot, with a total building size of ±4,264 SF. There is ample street parking to accommodate all residents.

Market Context

This multifamily in Los Angeles, CA is listed for sale at $1,495,000. It has been on the market for 195 days. Compare it against other multifamily listings for sale in Los Angeles, CA — view the full market.

As of Q1 2026, the Greater Los Angeles multifamily market showed average asking rents near $2333.00/unit/mo, and cap rates around 5.0%. Source: multiple brokerage reports, Q1 2026.

Multifamily market FAQ

What is the typical cap rate for multifamily in Greater Los Angeles?
About 5.0% as of Q1 2026, per multiple brokerage reports.

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