7044 Lanewood Ave, Los Angeles, Los Angeles County, CA, 90028 Los Angeles CA US

USD 13,600,000
For Sale MLS: 23-234175

Property Details

Bedrooms

36

Bathrooms

3

Neighborhood

Hollywood

Property Type

MultiFamily

Description

60% upside in rents. 96% upside in N.O.I. 5-lots, 37,449 S,F, zoned LAR4, TOC Tier 3 suitable to develop up to 160* brand new multi-family property. 9.4 x Gross & 7.6% Cap with rents at market. $247,273/Unit. Existing loan of $5,200,000 @ 4% fixed, payable I.O. until 12/1/24. Due 12/1/31. Sold with APN 5548-013-018 Find out more about this property. Request details here

Location

Address

7044 Lanewood Ave, Los Angeles, California 90028, United States

City

Los Angeles

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