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This Multifamily Property is no longer advertised on LoopNet.ca.

7044 Lanewood Ave
Los Angeles, CA 90028

Hollywood Apartments · Multifamily Property For Sale · 33 Units

Investment Highlights

  • 60% upside in rents. 96% upside in N.O.I.
  • $247,273/Unit
  • 9.4 x Gross & 7.6% Cap with rents at market
  • 5-lots, 37,449± S,F, zoned LAR4, TOC Tier 3 suitable to develop up to 160* brand new multi-family property

PROPERTY FACTS

No. Units 33
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.52 AC
Building Size 17,650 SF
No. Stories 2
Year Built 1956
Parking Ratio 1.47/1,000 SF

Unit Amenities

  • Air Conditioning
  • Oven
  • Range

Site Amenities

  • Laundry Facilities

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 29 $1,323 700
1+1 23 $1,429 800
2+2 3 $1,793 950

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 5548-013-018
  • 5548-013-017
Land Assessment
$12,576,464
Improvements Assessment
$4,586,711
Total Assessment
$17,163,175

zoning

Zoning Code LAR4
LAR4
  • Listing ID: 27549094

  • Date on Market: 2023-01-19

  • Last Updated:

  • Address: 7044 Lanewood Ave, Los Angeles, CA 90028

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