22 Units in Hollywood - 7056 Lanewood Avenue, Los Angeles, CA

JUST LISTED- 22 Units – Hollywood Central District - Unit Composition: Ten (10) 1+1’s and Twelve (12) Singles - Bldg. SF - 11,452 | Land SF – 14,977 - Year Built - 1953 • Offering Price of $4,595,000 • GRM – Current 11.7 | Market 7.5 • Cap Rate – 4.5% Current | 9.1% Market • Price per Unit - $208,864 • Well-Maintained Property, Attractive Courtyard Setting and Lush Landscaping. • Parking for 17 Vehicles • Five Percent Annual Increases - Master-Metered Gas & Electrical Utilities Currently Allows Annual 5% Rent Increases. • Ratio Utility Billing System (RUBs Program) is Already In-Place for Nine Existing Units and All Incoming Residents. • Not on the List of LA City Mandatory Seismic Retrofit.