70447056 Lanewood Ave

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:
23-234175
Listed:
1/16/23
Updated:
3/23/23

Interior Features

Total Bedrooms
36
Total Bathrooms
34
Cooling
Wall Unit(s)
Heating
Other

Exterior/Building Features

Lot Size
0.86 acres lot
Exterior Features
None

Other Property Details

Garage
No
Parking
Assigned
Parking Total
43.0
View
N
County
Los Angeles
Pool
Yes
Pool Description
Association Pool
Zoning
LAR4

Courtesy of Keller Williams Beverly Hills, Hamid Soroudi,
Listing Contact:  

Based on information from The MLSTM / Combined LA/Westside Multiple Listing Service, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use, it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information is deemed reliable but not guaranteed and should be independently reviewed and verified. Property locations as displayed on any map are best approximations only and exact locations should be independently verified. All properties are subject to prior sale, change or withdrawal, and may or may not be listed by the office/agent presenting the information. Neither listing broker(s) nor Canyonhaus shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. 

©2023 Combined L.A./Westside MLS. All rights reserved.

Data last updated 3/23/23

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