7604 Lexington Ave, West Hollywood — 7-Unit Multifamily, $2.5M (Mar 2016)
Updated April 28, 2026
Units: 7 · Sale price: $2,480,000 · Price per unit: $354,285 · Closed: March 2016
A 7-unit small multifamily property at 7604 Lexington Ave in West Hollywood, sold March 2016 for $2,480,000 — approximately $354,285 per unit.
2016 was mid-cycle for LA multifamily. Pricing had firmed meaningfully from post-2008 lows. Strong bid across stabilized inventory.
West Hollywood has its own rent stabilization ordinance distinct from LA City RSO, and a buyer pool that treats the submarket as a premium Westside-adjacent hold.
Small multifamily properties in this range trade primarily among private investors, family offices, and 1031 exchangers.
Set against the rest of the West Hollywood record, this is the 13th largest of the 21 West Hollywood apartment buildings Michael Sterman has closed.
At $354,286 a unit it traded essentially on the West Hollywood median of $354,286, across those 21 closings.
Other West Hollywood closings the same year: 7605 Lexington Ave (5 units, $2,310,000).
This transaction is part of the Sterman Multifamily Group closed archive — over fourteen years at Marcus & Millichap.
Related
- Selling Multifamily Property in West Hollywood
- West Hollywood: the neighborhood, its buildings and what they sell for
- How to Sell a Multifamily Property in Los Angeles
- Request a free evaluation of your building
- Verify this sale independently — search public records and coverage for this transaction yourself
Michael Sterman, Senior Managing Director Investments at Marcus & Millichap.
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