Search
7075 Lanewood Ave, Los Angeles, CA 90028
Image 2 for 7075 Lanewood Ave, Los Angeles, CA 90028
Image 3 for 7075 Lanewood Ave, Los Angeles, CA 90028
View Photos

7075 Lanewood Ave Los Angeles, CA 90028

$10,500,000 Sold Price as of 05/16/2022
  • 28 Beds
  • 36 Baths
  • 23,450 Sq.Ft.
Sold
$10,500,000 Sold Price as of 05/16/2022 Refinance Your Mortgage
Map preview of 7075 Lanewood Ave, Los Angeles, CA 90028

Property Overview: 7075 Lanewood Ave Los Angeles, CA has 28 bedrooms, 36 bathrooms, 23,450 living square feet and 20,999 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Welcome to 7075 Lanewood Ave, Los Angeles, CA – CASA LANEWOOD. This south facing 36-unit apartment building is situated in an UNBELIEVABLE LOCATION – Less than 2 blocks (0.2 miles) away from Hollywood Blvd. First time on market since 1999!! The property is a 2-story apartment that was built in 1971 with 23,450 SF building size situated on 20,999 SF lot. 3 separate parking areas for a total of 37 parking spaces. The property also has its own laundry room (laundry units are owned not leased). The property also has cameras installed and seismic retrofit has been completed (November 2020). 7075 Lanewood has a Walk Score of 95 out of 100 because of its extremely convenient location. There are many nearby amenities such as restaurants, groceries stores, shopping, parks, schools, entertainment etc. Many nearby world-renowned attractions are also within walking distance such as: TCL Chinese Theatre, Dolby Theatre, Hollywood Walk of Fame, El Capitan Theatre, Hollywood Wax Museum, Hollywood Museum, Guinness World Records Museum, World of Illusions and many more. 7075 Lanewood is also conveniently located within walking distance to public transportation (0.4 miles away from Metro Rail – Hollywood/Highland Station).

Listed by DONALD LA | BRE #01928418 | KW Executive
Last checked: 2 minutes ago | Last updated: January 1st, 2023 | Source CRMLS | DOM: 140

Home details

Lot Sq. Ft
20,999
HOA Dues
$0/mo
Year built
1971
Garage
12 Car
Property Type:
Multi Family
Status
Sold
MLS#
WS21145762
City
Los Angeles
County
Los Angeles
Time on Site
1049 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 36
  • Total # of Buildings: 1
  • # of Electric Meters: 36
  • # of Gas Meters: 36
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 0
  • # of Baths: 1
  • Garage Spaces: 8
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $8,403
  • Total Rent: $8,403
  • Pro Forma/Market Rent: $12,800
Unit Breakdown 2
  • # of Units: 28
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 28
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $32,336
  • Total Rent: $32,336
  • Pro Forma/Market Rent: $56,000
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 3%
  • Gross Rent Multiplier: 22.23
  • Gross Scheduled Income: $488,868
  • Net Operating Income: $293,900
  • Gross Operating Income: --
  • Laundry Own/Lease: Own
Annual Expense Breakdown
  • Total Operating Expense: $175,413
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $156,017
  • Trash: $1,505
  • Insurance: $8,207
  • Professional Management: $0
  • Water/Sewer: $0

Property Details for 7075 Lanewood Ave

Interior Features
Cooling Information
  • Has Cooling
  • Wall/Window Unit(s)
Laundry Information
  • Has Laundry
  • Common Area, Individual Room
Interior Features
  • Levels: Two
  • Security Features: Automatic Gate, Resident Manager
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: Community, Fenced
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 12
  • # of Parking Spaces: 37
  • Has Parking
  • Parking Features: Assigned, Covered, Garage, Gated, On Site, Private
Lot Information
  • Lot Features: 36-40 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: None
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 36
  • Parcel Number: 5548012034
  • Year Built Source: Public Records
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of Hollywood Blvd and West of Highland Ave
Neighborhood Information
  • Community Features: Urban
View more facts & features

Local Los Angeles Agent

Sale History for 7075 Lanewood Ave

Last sold for $10,500,000 on May 16th, 2022

  • January, 2023

  • Jan 1, 2023

    Date

    Expired

    CRMLS: 22189653

    $11,699,000

    Price

  • Aug 15, 2022

    Date

    Active

    CRMLS: 22189653

    $12,125,000

    Price

  • Listing provided courtesy of CRMLS

    Steps from Hollywood Blvd. and Sunset Blvd. - Walk Score: 95 out of 100 ; ~53% upside in rents - Proforma 7.4% Cap Rate ; ~37 onsite/gated parking spaces - Seismic Retrofit already completed ; Good unit mix of twenty eight (28) 1+1's and eight (8) studio units ; Twelve (12) units vacant!!

  • August, 2021

  • Aug 19, 2021

    Date

    Withdrawn

    CRMLS: WS21145762

    $13,000,000

    Price

  • Jul 26, 2021

    Date

    Hold

    CRMLS: WS21145762

    $13,000,000

    Price

  • Jul 6, 2021

    Date

    Active

    CRMLS: WS21145762

    $13,000,000

    Price

  • May, 2018

  • May 14, 2018

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • October, 1999

  • Oct 22, 1999

    Date

    Sold (Public Records)

    Public Records

    $1,025,000

    Price

Show More

Tax History for 7075 Lanewood Ave

Assessed Value (2020): $1,454,500
Year Land Value Improved Value Assessed Value
2020 $702,683 $751,817 $1,454,500

Home Value Compared to the Market

This property vs the competition

7075 Lanewood Ave sold on May 16, 2022 for 992.44% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $554.37 per/sqft which puts the price per square foot 26.57% lower than the current median sale per square foot for the city of Los Angeles.

About 7075 Lanewood Ave

Detailed summary of property

7075 Lanewood Ave is a multi family that recently sold in Los Angeles, CA 90028. This multi family property offered 28 bedrooms, 36 bathrooms, roughly 23,450 living square feet, and sits on an approximately 20,999 square foot lot. 7075 Lanewood Ave was first listed on ArdentRealEstateGroup.com on July 6, 2021. The homeowner sold the property for $10,500,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 992.44% higher than the current median priced home. Local homes that are currently for sale include 9821 Acacia Ave, 2550 College Pl and 283 Avocado St. While the average home in Los Angeles, CA is selling in 92 days, 7075 Lanewood Ave has a days on market of 140 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 7075 Lanewood Ave Los Angeles, CA 90028 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 7075 Lanewood Ave

Public county record property details
Beds
--
Baths
--
Year built
1971
Sq. Ft.
23,450
Lot Size
20,998
Stories
--
Type
Apartment House (5+ Units)
Pool
Yes
Spa
No
County
Los Angeles
Lot#
30,31
APN
5548-012-034

The source for these homes facts are from public records.

90028 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,195,000
Median List Price/Sq.Ft.
$690
Median Sold Price
$752,000
Median Sold Price/Sq.Ft.
$470
Total Inventory
36
Median Sale to List Price %
83.65%
Avg Days on Market
197
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (0%), Other (100%)

Thinking of Selling?

Image Description
Is this your property?
Thinking of Selling?
Call, Text or Message
(714) 706-1823

Homes for Sale Near 7075 Lanewood Ave

Nearby Homes for Sale

1318 N Mansfield Ave, Los Angeles, CA 90028
$12,150,000
32 Beds
32 Baths
20590 Sq.Ft.
1318 N Mansfield Ave
Los Angeles, CA 90028
1215 N Sycamore Ave, Los Angeles, CA 90038
$11,799,000
47 Beds
43 Baths
27640 Sq.Ft.
1215 N Sycamore Ave
Los Angeles, CA 90038
846 N Alta Vista Blvd, Los Angeles, CA 90046
$8,595,000
18 Beds
14 Baths
11497 Sq.Ft.
846 N Alta Vista Blvd
Los Angeles, CA 90046
1633 N Laurel Ave, Los Angeles, CA 90046
$10,900,000
42 Beds
32 Baths
29283 Sq.Ft.
1633 N Laurel Ave
Los Angeles, CA 90046
5026 Rosewood Ave, Los Angeles, CA 90004
$11,950,000
50 Beds
45 Baths
31506 Sq.Ft.
5026 Rosewood Ave
Los Angeles, CA 90004
2041 N Vermont Ave, Los Angeles, CA 90027
$9,500,000
7 Beds
31 Baths
22582 Sq.Ft.
2041 N Vermont Ave
Los Angeles, CA 90027
4233 Burns Ave, Los Angeles, CA 90029
$8,450,000
27 Beds
28 Baths
15444 Sq.Ft.
4233 Burns Ave
Los Angeles, CA 90029
1429 S Bedford St, Los Angeles, CA 90035
$8,750,000
19 Beds
16 Baths
9332 Sq.Ft.
1429 S Bedford St
Los Angeles, CA 90035
667 S Carondelet St, Los Angeles, CA 90057
$8,785,000
18 Beds
59 Baths
28156 Sq.Ft.
667 S Carondelet St
Los Angeles, CA 90057
5112 W Jefferson Blvd, Los Angeles, CA 90016
$8,995,000
0 Beds
0 Baths
31539 Sq.Ft.
5112 W Jefferson Blvd
Los Angeles, CA 90016
11755 National Blvd, Los Angeles, CA 90064
$8,995,000
36 Beds
36 Baths
23148 Sq.Ft.
11755 National Blvd
Los Angeles, CA 90064
11942-11948 Darlington Ave, Los Angeles, CA 90049
$8,475,000
24 Beds
18 Baths
14456 Sq.Ft.
11942-11948 Darlington Ave
Los Angeles, CA 90049

Recently Sold Homes Near 7075 Lanewood Ave

7117 Hawthorn Ave, Los Angeles, CA 90046
$2,200,000 Last Sold Price
15 Beds
15 Baths
2600 Sq.Ft.
7117 Hawthorn Ave
Los Angeles, CA 90046
1433 N Detroit St, Los Angeles, CA 90046
$2,050,000 Last Sold Price
10 Beds
7 Baths
4941 Sq.Ft.
1433 N Detroit St
Los Angeles, CA 90046
1406 N Sycamore Ave, Los Angeles, CA 90028
$3,699,000 Last Sold Price
15 Beds
14 Baths
6428 Sq.Ft.
1406 N Sycamore Ave
Los Angeles, CA 90028
1724 El Cerrito Pl, Los Angeles, CA 90028
$2,945,000 Last Sold Price
4 Beds
8 Baths
5148 Sq.Ft.
1724 El Cerrito Pl
Los Angeles, CA 90028

Related Resources to 7075 Lanewood Ave

New Listings in 90028
Popular Zip Codes
Popular Cities
Other Los Angeles Resources

Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

Refi Quote