Deal numbers

A cap rate estimate is not available for this property yet. Ask Alex for a pro forma using comparable rent data.

Property details

Bedrooms

18

Building size

16,926 sqft

Lot size

8,749 sqft

Year built

1930

Stories

3

Status

Active

Days on market

0

MLS #

249312299

About this property

Situated near the intersection of Hollywood Boulevard and La Brea Avenue, the building's unique mediterranean-style architecture coupled with its location on a rare tree-lined street help to attract higher-paying tenants. The building features spacious floorplans, with its 16,926 rentable square feet spread over 12 large one bedroom units and six large singles. The property's electrical system has been upgraded with new electrical panels, while the plumbing system features copper pipes. Because the building does not appear on the Los Angeles Department of Building and Safety's seismic retrofit list, a new investor can save on what would otherwise be an expensive maintenance project. Earning one of the highest Walk Scores possible, the property sits in a neighborhood considered a "Walker's Paradise" as it allows tenants convenient access to numerous shops and restaurants. With the TCL Chinese Theater, Ovation Hollywood, and Hollywood Walk of Fame just two blocks away, residents can take advantage of several famous sites and attractions within the immediate neighborhood. The border of West Hollywood is just three blocks south of the property, where locals can browse a multitude of boutiques and dining establishments along Santa Monica Boulevard.

Location

7063 Lanewood Avenue

Los Angeles, Los Angeles, CA, 90028