Updated August 27, 2026
Lexington Avenue in West Hollywood is a residential street a block off Santa Monica Boulevard. Two of this desk's closings sit on it — on opposite sides of the same street, at consecutive addresses.
| Closed | Building | Units | Price | Per unit |
|---|---|---|---|---|
| Mar 2016 | 7604 Lexington Ave | 7 | $2,480,000 | $354,286 |
| May 2016 | 7605 Lexington Ave | 5 | $2,310,000 | $462,000 |
Two months apart. Facing each other. Thirty percent apart per door.
Every variable a comparable is supposed to control for is controlled here — same street, same block, same city, same ordinance, same market conditions to within eight weeks. What is left is the buildings.
The smaller building sold for more per unit. Five units at $462,000 a door against seven units at $354,286.
That is the size effect, and in West Hollywood it is unusually strong: across this desk's record here, the four-to-ten unit band prices about 43% higher per door than the larger band. A smaller check means a wider pool of buyers, easier financing, and per-unit rents that do not fall with building size. See why small West Hollywood buildings cost more per door.
Note also the total prices: $2,480,000 and $2,310,000 — only 7% apart. On the number a seller actually banks, these two buildings were nearly the same transaction. The per-door gap is largely an artifact of dividing similar prices by different unit counts.
That is worth sitting with. Price per unit is a comparison tool, not a valuation. Two buildings can be 30% apart on it and 7% apart on what changed hands.
The archive holds addresses, unit counts, prices and dates — not rent rolls, condition reports or construction years — so I will not attribute this gap to anything specific about either building. The methodology page is explicit about that limit.
What is true generally in West Hollywood, and could sit inside a gap this size: how far in-place rents sat below the city's own rent-stabilization cap, what capital each building still needed, and unit mix — five larger units and seven smaller ones can produce similar total income from different footprints.
Because it is the cleanest natural experiment in the record. Most comparisons between buildings are contaminated by location, timing or market conditions. These two share all three.
What remains is the honest answer to "what is my building worth": not a per-door figure borrowed from the street, but the specific facts of the specific building — its size band first, then its rent position, then its condition.
The full West Hollywood record is at the closing record in full.
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