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7063 Lanewood Ave
Los Angeles, CA 90028 Hollywood

$4,650,000 USD

Apartments For Sale • 19,467 SF

Property Details

Property Type Apartments
Total Building Size 16,926 SF
Lot Size 0.2 AC
Building Class C
Year Built 1930
Zoning LAR4

64 Transit Score

98 Walk Score

                
                    Highlights
                
                                Highly Desirable Hollywood Location- close proximity to Runyon Canyon & convenient access to the Sunset Strip, West Hollywood, & major employment hubs
                            
                                Attractive Unit Mix consisting of Six (6) Studio Units and Twelve (12) One-Bedroom / One-Bathroom Units - Very Large Units 
                            
                                Significant Value-Add Opportunity with approximately 26% upside in market rents
                            
                                Charming Spanish-Style Architecture featuring a classic façade with traditional design elements that enhance curb appeal and tenant desirability.
                            
                                Potential ADU Opportunity through possible conversion of the existing storage area, subject to buyer verification and due diligence 
                            
                                Exceptional Walkability with immediate access to a wide array of fine dining, shopping, nightlife, and entertainment destinations throughout Hollywood

Public Transportation

Commuter Rail	Drive	Walk	Distance
Glendale (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	16 min	-	6.5 mi
Downtown Burbank (Antelope Valley Line - Southern California Regional Rail Authority (Metrolink), Ventura County Line - Southern California Regional Rail Authority (Metrolink))	15 min	-	7.0 mi
Transit/Subway	Drive	Walk	Distance
Hollywood/Highland Station (Red Line - Los Angeles County Metropolitan Transportation Authority (Metro))	2 min	8 min	0.4 mi
Airport	Drive	Walk	Distance
Bob Hope	19 min	-	9.1 mi
Los Angeles International	28 min	-	13.3 mi
Long Beach (Daugherty Field)	43 min	-	29.9 mi

Michael Monempour 310-270-8423 Lyon Stahl Investment Real Estate

7063 Lanewood Ave Los Angeles, CA 90028 Hollywood

$4,650,000 USD

Property Details

Highlights

Public Transportation

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7063 Lanewood Ave
Los Angeles, CA 90028 Hollywood