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7006 Lanewood Avenue
Los Angeles, CA 90028


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Property Remarks

You've got your finger on the pulse -at the heart of it all. With the Hollywood's historic landmarks located a short distance away. The Hollywood Roosevelt Hotel, El Capitan Theatre, Chinese Theatre, Dolby Theatre and the Hollywood Bowl. This 17 units with 1 "dressing room" apartment complex is positioned in the heart of Hollywood. This 12,306 square foot complex, situated on a 10,004 square foot R4-2 zoned lot presents the perfect investment opportunity with upside potential. This area is experiencing a renaissance, with millions of dollars invested resulting in new construction along the subway line on Hollywood Boulevard along with new restaurants, shops, theaters and nightclubs.

Property Details

MLS#
17213482
Days on Market
82
Year Built
1958
Stories
2
Building/Living Area (sq ft)
12,306
Source of SqFt
Vendor Enhanced
Source of Lot Size
Vendor Enhanced

Location

State
CA
County
Los Angeles
Area
Hollywood (C20)

Presented By:

Listing provided courtesy of D. Timothy Byrne , Partners Trust Brentwood


Exterior

Lot Acreage
0
Paved
No
Waterfront
No

Style
Mid Century

Interior

Levels
Three Or More Levels

Laundry
Community

Additional Property Details

Number of Units
17
Parking Spaces
17
Number of Buildings
1
Gross Operating Income
$234,768
Total Expense
$104,338
ADA Compliance
No

AC/Cooling
Wall Unit(S)
Parking
Garage Is Attached
Owner Pays
Gardener
Complex/Association
Name
Lanewood Orange

The Hills

Crowned by the iconic Hollywood sign, glittering views and classic glamour make the Hollywood Hills and surrounding areas some of the most sought after real estate in Los Angeles. The views from the Hollywood Hills are almost as famous as the celebrity residents.

Hollywood Hills real estate includes many luxury homes up twisting roadways. Neighborhoods include Beachwood Canyon, Cahuenga Pass, Hollywood Heights, Franklin Village, and Hollywoodland. The Hollywood Hills has seen development since the 1920s so architectural styles vary with anything from castle-like Normandy-style and Tudor homes to Mediterraneans and angular moderns with glass walls for taking in the cityscape. The area also features multifamily homes as well as apartment buildings and larger structures with condos for sale.  

People often move to the Hollywood Hills to be a bit removed from the hustle and bustle of city life. Plenty of green space means that hiking or horseback riding are popular activities. The Franklin Village area offers retail shops and restaurants in a compact area. In the summer Yamashiro Restaurant, famed for its hillside location, runs a farmers market that provides a chance to shop with a view.

Known around the world as a symbol of luxury and beauty, Beverly Hills is more than just a pretty face. Behind the flash of Rodeo Drive and the trendy allure of Robertson Blvd. is a city rich in culture and historic style. The real estate for sale in Beverly Hills is luxurious and abundant. The city’s long history means that a variety of architectural styles abound, from the grand mansions to more modest older homes. Much of the real estate lies in the flats which features all sorts of homes for sale from Tudors and Spanish Revivals to newer modern architecturals. Trousdale Estates offers single-story homes in the hills, many with much coveted mid-century modern style.  

Surrounding areas include Bel-Air, Holmby Hills, Beverly Hills Post Office, Cheviot Hills, Rancho Park, and West Hollywood.

 

Community Explorer

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