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Lexington Avenue Multifamily Investment Opportunity
For Sale
$1,495,000

4202 Lexington Avenue, Los Angeles, CA 90029

Two-building property with six units near Silver Lake Reservoir.

Property Size4,264 SF
Lot Size0.10 Acres
Price / SF$350.61
Days on Market138

Property Features for 4202 Lexington Avenue

General Information

Standard status Active
Size 4,264 SF
Lot size 0.10 Acres
Property subtype Multifamily
Listing Agency: CBRE LA
Listed By: Edward Matevosian · License #01358809
Source: Cbre
Added: Mar 25 Changed: Aug 8 Last Checked: Aug 8 at 2:34PM

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 Avenue and Myra Avenue, east of Hollywood Boulevard, the property at 4202 Lexington Avenue presents an investment opportunity in a Los Angeles neighborhood. 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 two-story buildings with a total building size of approximately 4,264 square feet. The property includes 6 two-bedroom, one-bath units. Situated on an approximately 4,200 square foot lot zoned R1-1, the property offers street parking for residents.

Key Highlights

  • Prime real estate investment opportunity in a trendy Los Angeles area.
  • Two buildings with a total of six 2‑bedroom, 1‑bath units.
  • Close proximity to the Silver Lake Reservoir, a popular recreational landmark.

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 - Two-building property with six units near Silver Lake Reservoir.
Where is this apartment building located?
The property is located at 4202 Lexington Avenue Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,495,000.
What are key features of this property?
This property features: Prime real estate investment opportunity in a trendy Los Angeles area.; Two buildings with a total of six 2‑bedroom, 1‑bath units.; Close proximity to the Silver Lake Reservoir, a popular recreational landmark.
More about this property
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