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$ 4,495,000
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Active
7063 Lanewood Avenue Los Angeles, CA 90028
16,926 SqFt
UPDATED:
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 16,926 sqft
Price per Sqft $265
MLS Listing ID CL26660933
HOA Y/N No
Year Built 1930
Lot Size 8,753 Sqft
Acres 0.2
Property Sub-Type Other
Property Description
7063 Lanewood Avenue is a multifamily apartment building located in the heart of Central Hollywood, one of Los Angeles' most transit-rich, high-demand rental submarkets. Situated just steps from the Hollywood/Highland Metro station and within immediate proximity to Hollywood Boulevard, Sunset Boulevard, and the 101 Freeway, the property offers tenants an unmatched combination of walkability, urban convenience, and connectivity to major entertainment, employment, and lifestyle corridors. The surrounding area includes Runyon Canyon, the Hollywood Bowl, and a dense concentration of dining, nightlife, and retail, all of which contribute to sustained, year-round rental demand from a deep and diverse tenant pool. Central Hollywood is characterized by limited developable land, significant barriers to new construction, and a persistently undersupplied rental market conditions that support long-term rent growth and asset appreciation.The property is an 18-unit Mediterranean-style apartment building comprising approximately 16,926 square feet of improvements on an 8,750-square-foot lot. The unit mix consists of six studio units and twelve one-bedroom / one-bath units a tenant-friendly configuration well suited to the young professionals, creatives, and entertainment industry workers who dr
Location
State CA
County Los Angeles
Zoning LAR4
Interior
Heating Electric
Cooling Wall/Window Unit(s)
Fireplace No
Laundry No Hookups
Building
New Construction No
Others
Tax ID 5548012006
© 2026 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Michael Monempour • Lyon Stahl Investment Real Estate, Inc.
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