Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    7075 Lanewood Ave Los Angeles, CA 90028-7053
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    7075 Lanewood Ave Los Angeles, CA 90028-7053

    View on Map
    • Apartment buildings
    • 23,450 SF
    • 0.48 lot acres
    Off-Market
    Last Sale May 16, 2022
    $10,500,105
    Property ID
    US09-7686488
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $9,265,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Apartment buildings

    Property Details for 7075 Lanewood Ave

    Year built
    1971
    Construction
    WOOD
    Lot size
    0.48 lot acres
    Property size
    23,450 SF
    Zone code
    LAR4
    Property type
    Apartment buildings
    APN
    5548-012-034
    APU
    5548012034

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $8,125,000
      ML approach
      $7,270,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $9,935,000
      Market price range: $5.25M - $9.94M

    • Alternative Use

      Use
      Estimation
      APARTMENT HOUSE (5+ UNITS)
      $6,915,000
      Current use
      AUTO REPAIR, GARAGE
      $12,745,000
      Change: +84% Conversion: Difficult
      OFFICE BUILDING
      $11,770,000
      Change: +70% Conversion: Moderate
      MEDICAL BUILDING
      $10,685,000
      Change: +54% Conversion: Moderate
      NEIGHBORHOOD: SHOPPING CENTER
      $9,930,000
      Change: +44% Conversion: Difficult
      RETAIL STORES
      $9,630,000
      Change: +39% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $7,025,000
      Change: +2% Conversion: Moderate

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Los Angeles
    County
    Los Angeles
    State
    California
    Longitude
    -118.344
    Latitude
    34.0995
    CBSA code
    31080
    CBSA name
    LOS ANGELES-LONG BEACH-ANAHEIM, CA METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $134,809
    $5,202,000
    $5,736,600
    $10,938,600
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,320 SF

      6211 Afton Pl

      APARTMENT HOUSE (5+ UNITS) • 4,320 SF
      6211 Afton Pl, Los Angeles, CA 90028-8297
      View Details
    • Value Estimation by Request
      8,972 SF

      6133 Fountain Ave

      APARTMENT HOUSE (5+ UNITS) • 8,972 SF
      6133 Fountain Ave, Los Angeles, CA 90028-8392
      View Details
    • Value Estimation by Request
      6,020 SF

      5662 Fountain Ave

      APARTMENT HOUSE (5+ UNITS) • 6,020 SF
      5662 Fountain Ave, Los Angeles, CA 90028-8539
      View Details
    • Value Estimation by Request
      8,879 SF

      6143 Fountain Ave

      APARTMENT HOUSE (5+ UNITS) • 8,879 SF
      6143 Fountain Ave, Los Angeles, CA 90028-8315
      View Details
    • Value Estimation
      $770,000
      30,680 SF

      1310 Gordon St

      APARTMENT HOUSE (5+ UNITS) • 30,680 SF
      1310 Gordon St, Los Angeles, CA 90028-8868
      View Details
    • Value Estimation by Request
      2,683 SF

      1861 Highland Ave

      APARTMENT HOUSE (5+ UNITS) • 2,683 SF
      1861 Highland Ave, Los Angeles, CA 90028-4528
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      19,620 SF

      Renovated Multifamily Community in Hollywood

      28-unit multifamily property with significant renovations and income upside.
      1836 N Gramercy Pl, Los Angeles, CA 90028
      View Details
    • Contact for pricing

      Multifamily Property Near Hollywood Blvd

      19-unit multifamily property near Hollywood Walk of Fame.
      1847 N Cherokee Ave, Los Angeles, CA 90028
      View Details
    • Contact for pricing

      Hollywood Multifamily Trophy Asset

      60-unit multifamily property in the heart of Hollywood.
      1843 N Cherokee Ave, Los Angeles, CA 90028
      View Details
    • Contact for pricing

      Charming Renovated Hollywood Residential Building

      Renovated 68-unit building in prime Hollywood location.
      1550 Wilcox Ave, Los Angeles, CA 90028
      View Details
    • $3,275,000
      6,282 SF

      Hollywood Multifamily Property For Sale

      Charming 9-unit property near Sunset Boulevard in Hollywood.
      Gordon St, Los Angeles, CA 90028
      View Details
    • $2,300,000
      7,123 SF

      Hollywood Multifamily Investment Opportunity

      Nine-unit apartment building near Hollywood's entertainment, dining, and retail corridors.
      1336 N Citrus Ave, Los Angeles, CA 90028
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,500 SF

      Selma Avenue Multifamily Units

      8 one-bedroom units with laundry and staff office for lease.
      6560 W Selma Ave, Los Angeles, CA 90028
      View Details
    • Contact for pricing

      Historic Hollywood Studios Building

      Historic Hollywood studios with theater spaces in prime location.
      6560 Hollywood Blvd, Los Angeles, CA 90028
      View Details
    • Contact for pricing

      Hollywood Office Space For Rent

      Office space available in Hollywood, located on Vine St.
      1800 Vine St, Los Angeles, CA 90028
      View Details
    • Contact for pricing

      Hollywood Retail Space on Walk

      Retail space in the heart of Hollywood's Walk of Fame.
      7080 Hollywood Blvd, Los Angeles, CA 90028
      View Details
    • Contact for pricing

      Fully Leased Retail Center

      Retail center in Los Angeles, currently 100% leased.
      5913-5931 Franklin Ave, Los Angeles, CA 90028
      View Details
    • Contact for pricing

      Office Sublease in Hollywood

      Office space available for sublease in Hollywood, Los Angeles.
      Los Angeles, CA 90028
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7075 Lanewood Ave
    Los Angeles, CA 90028-7053
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!