7006 Lanewood Ave

Los Angeles CA 90028

12306 sq. ft.

9924 sq. ft.

Other

Currently for sale - view listing

Overview

Positioned in a prime central Hollywood location at 7006 Lanewood Ave between Hollywood and Sunset Boulevards, this 18-unit multifamily property (comprising 17 legal units plus 1 non-conforming unit) sits approximately a quarter-mile from Hollywood & Highland, the Metro B Line station, Ovation Hollywood, and the Walk of Fame, with Netflix's Sunset Bronson campus just 1.5 miles away. The asset features a desirable unit mix of four studios and fourteen one-bedrooms, including one vacant, rent-ready studio. Property upkeep is well-managed, highlighted by a completed mandatory soft-story seismic retrofit with a City of Los Angeles Certificate of Compliance issued in 2020, alongside extensive permitted upgrades since 2018 including new electrical subpanels, replaced plumbing fixtures, and new direct-vent wall heaters. Residents enjoy modern conveniences such as in-unit laundry, wall air-conditioning units, and on-site garage parking, all anchored by deep neighborhood renter demand, where roughly 89% of occupied homes within one mile are renter-occupied.

Features

15 bedrooms

18 bathrooms

14 carspaces

1 garage space

12306 sq. ft. floor area

9924 sq. ft. lot size

Other

Property history for 7006 Lanewood Ave

2021

Rented

Undisclosed

13 Oct 2021 by Ingenious Asset Group, Inc.

2017

Sold

$4,470,000

29 Nov 2017 by D. Timothy Byrne, of Partners Trust Brentwood

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