7006 Lanewood Avenue, Los Angeles, CA 90028

Property Description

Positioned in a prime central Hollywood location at 7006 Lanewood Ave between Hollywood and Sunset Boulevards, this 18-unit multifamily property (comprising 17 legal units plus 1 non-conforming unit) sits approximately a quarter-mile from Hollywood & Highland, the Metro B Line station, Ovation Hollywood, and the Walk of Fame, with Netflix's Sunset Bronson campus just 1.5 miles away. The asset features a desirable unit mix of four studios and fourteen one-bedrooms, including one vacant, rent-ready studio. Property upkeep is well-managed, highlighted by a completed mandatory soft-story seismic retrofit with a City of Los Angeles Certificate of Compliance issued in 2020, alongside extensive permitted upgrades since 2018 including new electrical subpanels, replaced plumbing fixtures, and new direct-vent wall heaters. Residents enjoy modern conveniences such as in-unit laundry, wall air-conditioning units, and on-site garage parking, all anchored by deep neighborhood renter demand, where roughly 89% of occupied homes within one mile are renter-occupied.