7063 Lanewood Avenue, Los Angeles, CA 90028

Property Description

Situated near the intersection of Hollywood Boulevard and La Brea Avenue, the building's unique mediterranean-style architecture coupled with its location on a rare tree-lined street help to attract higher-paying tenants. The building features spacious floorplans, with its 16,926 rentable square feet spread over 12 large one bedroom units and six large singles. The property's electrical system has been upgraded with new electrical panels, while the plumbing system features copper pipes. Because the building does not appear on the Los Angeles Department of Building and Safety's seismic retrofit list, a new investor can save on what would otherwise be an expensive maintenance project. Earning one of the highest Walk Scores possible, the property sits in a neighborhood considered a "Walker's Paradise" as it allows tenants convenient access to numerous shops and restaurants. With the TCL Chinese Theater, Ovation Hollywood, and Hollywood Walk of Fame just two blocks away, residents can take advantage of several famous sites and attractions within the immediate neighborhood. The border of West Hollywood is just three blocks south of the property, where locals can browse a multitude of boutiques and dining establishments along Santa Monica Boulevard.