7006 Lanewood Avenue

Property Overview

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.

Home Details

Property type: Residential Income
Year built: 1958
Living area: 12,306 sq ft
Lot size: 9,924 sq ft
Parking: 14 spaces
Days on market: 0
MLS status: Active
Zoning: LAR4

Features & Amenities

Parking

Garage

Community, Schools & Utilities

Utilities

Heating: None
Cooling: WallWindowUnits

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Location & Neighborhood

Los Angeles, CA 90028

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Frequently Asked Questions About 7006 Lanewood Avenue

Property type: Residential Income

The current asking price is $4,675,000. Pricing is subject to change and may vary based on market conditions, negotiations, and property updates. Contact our team to verify current pricing.

Yes. Use the Book Visit action or contact form to request an in-person or virtual tour of 7006 Lanewood Avenue. Our team will confirm availability and timing.

This 15 bedrooms and 18 bathrooms property offers approximately 12,306 square feet of living space. It was built in 1958. Review the listing details and disclosures, then independently verify material features before making a decision.

The property is in Los Angeles, California. Review the map, visit at relevant times of day, and verify schools, commute routes, services, noise, hazards, and local rules for the exact address.

Financing depends on the buyer, lender, property type, condition, appraisal, insurance, and association documents. A qualified lender can confirm available programs and costs for this Los Angeles property.

The MLS currently reports the property as Active. It has been listed for 0 days. Status can change, so verify availability before relying on it.