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$4,675,000
Est. payment /mo
15 Beds
18 Baths
12,306 SqFt
UPDATED:
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 12,306 sqft
Price per Sqft $379
MLS Listing ID 26105012
Bedrooms 15
HOA Y/N No
Year Built 1958
Lot Size 9,922 Sqft
Property Description
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.
Location
State CA
County Los Angeles
Area C20 - Hollywood
Zoning LAR4
Interior
Heating None
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Garage
Total Parking Spaces 14
Building
Entry Level Two
Level or Stories Two
New Construction No
Others
Senior Community No
Tax ID 5548013011
Special Listing Condition Standard
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Listed by Saadia 'Sam' Liberow Marcus & Millichap #01933858
Nearby Locations
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