The Kenny Stevens Team is proud to announce the successful sale of 7014 Lanewood Avenue, a substantial Hollywood multifamily property located in the heart of one of Los Angeles’ most dynamic rental markets. Spanning 12,480 square feet on a 10,003-square-foot lot, this classic Los Angeles apartment building features a total of 16 bedrooms and 18 bathrooms across multiple large rental units—an ideal acquisition for investors seeking scale, income, and long-term appreciation in a high-demand urban corridor.

Situated just blocks from Hollywood Boulevard, Sunset Strip, and world-renowned attractions like the TCL Chinese Theatre and Hollywood & Highland, 7014 Lanewood offers tenants unparalleled access to dining, shopping, entertainment, and transit. This prime location continues to attract a steady flow of renters, creatives, and professionals who want to live in the center of it all.

Originally sold for $2,415,000 in June 2011, the property presented significant long-term upside through value-add renovations and rent increases over time. With its sizable footprint, generous unit layouts, and rare density for the neighborhood, this Los Angeles multifamily asset exemplifies the strong fundamentals that define the Hollywood submarket: walkability, consistent tenant demand, and continued development momentum.

For buyers seeking high-visibility rental assets in Hollywood, 7014 Lanewood represented an outstanding example of stable multifamily income with future growth potential. The Kenny Stevens Team was proud to represent this iconic asset in one of LA’s most storied and evolving neighborhoods.