Listed by Hamid Soroudi with Keller Williams Beverly Hills

7044 7056 Lanewood Avenue

Hollywood, CA, 90028

$13,600,000

$467 per ft²
$13,600,000
$467 per ft²
Active
Active
 - For Sale
beds
36 Beds
baths
34 Baths
carpenters-square
29,102 ft²
property_type
Multi-family
calendar
Built 1956
Two adjacent properties (7044 & 7056 Lanewood Ave) located on 5-lots in prime Hollywood. 37,449 S.F. zoned LAR4, TOC Tier 3 suitable to develop up to a 160 brand new multi-family property (Buyer to verify). Significant (58%) upside in rents. 9.4 x Gross & 7.6% Cap with rents at market. $247,273/Unit. Existing loan secured by 7044 Lanewood is $5,200,000 @ 4% fixed, payable I.O. until 12/1/24. Due 12/1/31 Sold with APN 5548-013-018 (7056 Lanewood Ave)
MLS® ID:
23234175
Listed:
1/16/23
Updated:
3/22/23

Interior Features

Kitchen Appliances
Dishwasher
Total Bedrooms
36
Total Bathrooms
34

Exterior/Building Features

Lot Size
0.86 acres lot

Other Property Details

Area Name
C20 - Hollywood
Garage
No
Parking
Assigned
Parking Total
43.0
View
N
County
Los Angeles
Pool
Yes
Pool Description
Association
Zoning
LAR4
Buyer Agency Compensation
1.500

Listing Contact:  

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Data last updated on 3/22/23 at 5:27 PM UTC

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