$13,600,000
7044 7056 Lanewood Avenue, Hollywood, CA 90028
29,102
Square feet
37,449
Lot Size
55
# Of Units
Listing Agent
Hamid Soroudi - Keller Williams Beverly HillsTwo 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)
Facts & Features
| MLS® # | 23234175 |
|---|---|
| Price | $13,600,000 |
| Bathrooms | 0.00 |
| Square Footage | 29,102 |
| Lot Size | 37,449 |
| Year Built | 1956 |
| Type | Residential Income |
| Status | Active |
| # Of Units | 55 |
Community Information
| Address | 7044 7056 Lanewood Avenue |
|---|---|
| Area | C20 - Hollywood |
| City | Hollywood |
| County | Los Angeles |
| State | CA |
| Zip Code | 90028 |
Amenities
| Parking Spaces | 43 |
|---|---|
| Parking | Assigned |
| Garages | Assigned |
| Is Waterfront | No |
| Has Pool | Yes |
| Pool | Association |
Interior
| Appliances | Dishwasher |
|---|---|
| Has Basement | No |
| Fireplace | No |
Additional Information
| Date Listed | January 17th, 2023 |
|---|---|
| Days on Market | 66 |
| Zoning | LAR4 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| HOA Fees | 0.00 |
Listing Details
| Agent | Hamid Soroudi |
|---|---|
| Office | Keller Williams Beverly Hills |