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Lexington Avenue Multifamily Investment Opportunity
For Sale
Contact for pricing
Pending

4202 Lexington Ave, Los Angeles, CA 90029

Multifamily property in a prime Los Angeles location.

Property Size4,264 SF
Lot Size0.10 Acres
Days on Market535

Property Features for 4202 Lexington Ave

General Information

Standard status Pending
Size 4,264 SF
Class C
Lot size 0.10 Acres
Property subtype Multifamily
Zoning One Family Zone (R1-1)
Net Operating Income $55,597

Building Details

Year Built 1924
Buildings 2
Stories 2
Units 6
Listing Agency: CBRE LA
Listed By: Jenny Eng · License #CA 01931224
Source: Crexi
Added: Feb 27, 2025 Changed: Aug 8 Last Checked: Aug 15 at 7:34AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE LA

Investment Insights

Based on property information with market context.

Located north of Santa Monica Boulevard, at the corner of Lexington and Myra Avenues, 4202 Lexington Avenue presents an opportunity to own real estate in a trendy Los Angeles area. The property is near the Silver Lake Reservoir, known for its running path, dog park, and meadow. Constructed in 1924, the property consists of two 1-story buildings with 6 two-bedroom, one-bath units. Situated on a 4,200 square foot lot with R1-1 zoning, the buildings total approximately 4,264 square feet. Ample street parking is available for residents. The property is strategically located near amenities such as Exer Urgent Care (0.1 mi), The Vermont/Santa Monica Metro B-Line Inglewood Station (0.6 mi), Silver Lake Reservoir (1.6 mi), Hollywood Presbyterian Medical Center (0.6 mi), and the Bellevue Recreation Center (0.8 mi). Silver Lake also offers destinations such as Dinosaur Coffee (0.3 mi), 33 Taps Silver Lake (0.4 mi), Bacari Silverlake (0.4 mi), Pine and Crane Silverlake (0.5 mi), The Paramour Estate (0.9 mi), and Silverlake Ramen (1.0 mi).

Key Highlights

  • Prime location in the trendy Silver Lake neighborhood of Los Angeles.
  • Six two‑bedroom, one‑bath units offering strong rental potential.
  • Proximity to the Silver Lake Reservoir, a popular recreational area.

Property Analytics

Current Use

Apartment buildings

Suggested Use

Top Pick Law Firm (Bike/Boat/Book/etc) Store Travel Agency Butcher Clothing & Fashion Store Pet Grooming Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

5,366
Businesses Nearby

Demographics for 90029, CA

34,695
Population
14,465
Households
2.4
Avg Household Size
37
Median Age
36%
College-Educated
76%
High-School Grad
1.4 sq mi
ZIP Area
24,782
Density / Sq Mi
$60,793
Median Household Income
$35,801
Median Earnings
$1,644
Median Rent
$1,066,200
Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Multifamily property in a prime Los Angeles location.
Where is this apartment building located?
The property is located at 4202 Lexington Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Prime location in the trendy Silver Lake neighborhood of Los Angeles.; Six two‑bedroom, one‑bath units offering strong rental potential.; Proximity to the Silver Lake Reservoir, a popular recreational area.
(239) 631-8788 Call to check price and availability
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