7605 Lexington Ave, West Hollywood — 5-Unit Multifamily, $2.3M (May 2016)
Updated April 28, 2026
Units: 5 · Sale price: $2,310,000 · Price per unit: $462,000 · Closed: May 2016
A 5-unit small multifamily property at 7605 Lexington Ave in West Hollywood, sold May 2016 for $2,310,000 — approximately $462,000 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 17th largest of the 21 West Hollywood apartment buildings Michael Sterman has closed.
At $462,000 a unit it sits above the West Hollywood median of $354,286, which is the ordinary pattern for a building of this size: at 5 units it is smaller than the median West Hollywood closing at 8, and smaller buildings carry higher per-door pricing.
Other West Hollywood closings the same year: 7604 Lexington Ave (7 units, $2,480,000).
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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