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    7075 Lanewood Avenue

    Los Angeles (City), CA 90028
    • $13,000,000
    • STATUS: Active
    • ON SITE: 110 Days
    • ID#: WS21145762
    UPDATED: 11 min ago
    $13,000,000
    • 0
      BEDS
    • 0.48
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1971
    County:

    School Ratings & Info

    Description

    Welcome to 7075 Lanewood Ave, Los Angeles, CA CASA LANEWOOD. This south facing 36-unit apartment building is situated in an UNBELIEVABLE LOCATION Less than 2 blocks (0.2 miles) away from Hollywood Blvd. First time on market since 1999!! The property is a 2-story apartment that was built in 1971 with 23,450 SF building size situated on 20,999 SF lot. 3 separate parking areas for a total of 37 parking spaces. The property also has its own laundry room (laundry units are owned not leased). The property also has cameras installed and seismic retrofit has been completed (November 2020). 7075 Lanewood has a Walk Score of 95 out of 100 because of its extremely convenient location. There are many nearby amenities such as restaurants, groceries stores, shopping, parks, schools, entertainment etc. Many nearby world-renowned attractions are also within walking distance such as: TCL Chinese Theatre, Dolby Theatre, Hollywood Walk of Fame, El Capitan Theatre, Hollywood Wax Museum, Hollywood Museum, Guinness World Records Museum, World of Illusions and many more. 7075 Lanewood is also conveniently located within walking distance to public transportation (0.4 miles away from Metro Rail Hollywood/Highland Station).

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    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-25T09:25:16.403. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
    www.theparsonsrealestateteam.com/homes/119012866
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    7075 Lanewood Avenue Los Angeles (City), CA 90028

    • Price: $13,000,000
    • Status: Active
    • Updated: 11 min ago
    • ID#: WS21145762
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.48
    Acres
    1971
    Built
    Neighborhood:
    C20 - Hollywood
    County:
    Los Angeles
    Area:
    C20 - Hollywood
    Property Description
    Welcome to 7075 Lanewood Ave, Los Angeles, CA CASA LANEWOOD. This south facing 36-unit apartment building is situated in an UNBELIEVABLE LOCATION Less than 2 blocks (0.2 miles) away from Hollywood Blvd. First time on market since 1999!! The property is a 2-story apartment that was built in 1971 with 23,450 SF building size situated on 20,999 SF lot. 3 separate parking areas for a total of 37 parking spaces. The property also has its own laundry room (laundry units are owned not leased). The property also has cameras installed and seismic retrofit has been completed (November 2020). 7075 Lanewood has a Walk Score of 95 out of 100 because of its extremely convenient location. There are many nearby amenities such as restaurants, groceries stores, shopping, parks, schools, entertainment etc. Many nearby world-renowned attractions are also within walking distance such as: TCL Chinese Theatre, Dolby Theatre, Hollywood Walk of Fame, El Capitan Theatre, Hollywood Wax Museum, Hollywood Museum, Guinness World Records Museum, World of Illusions and many more. 7075 Lanewood is also conveniently located within walking distance to public transportation (0.4 miles away from Metro Rail Hollywood/Highland Station).
    Exterior Features

    Carport Spaces 12 Carport YN Yes Lot Features 36-40 Units/Acre Number Of Separate Electric Meters 36 Open Parking Spaces 13 Parking Features AssignedCoveredGarageGatedOn SitePrivate Parking Total 37 Pool Features CommunityFenced Pool Private YN No Property Attached YN Yes

    Interior Features

    Common Walls 2+ Common Walls Cooling Wall/Window Unit(S) Cooling YN Yes

    Property Features

    Additional Parcels YN No Association Fee 0 Association YN No Cap Rate 3 Common Interest None Community Features UrbanPool Electric Expense 0 Fuel Expense 0 Garage YN Yes Gross Income 469313 Gross Scheduled Income 488868 Insurance Expense 8207 Land Lease YN No Laundry Features Common AreaLaundry Room Levels Two Listing Agreement Exclusive Right To Sell Listing Service Full Service Listing Terms CashCash To New Loan Net Operating Income 293900 New Construction YN No New Taxes Expense 156017 Number Of Separate Gas Meters 36 Number Of Separate Water Meters 1 Operating Expense 175413 Rent Control YN Yes Security Features Security GateResident Manager Senior Community YN No Sewer Public Sewer Special Listing Conditions StandardTrust Trash Expense 1505 Water Sewer Expense 0 Water Source Public Zoning Lar4

    Listing provided courtesy of Donald La of Kw Executive


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-10-25T09:25:16.403. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or The Parsons Team | Keller Williams Realty. Licensed in the State of California, USA.
     
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