| Summary | National Percentile | Rank vs Metro |
|---|---|---|
| Housing | 80th | Good |
| Demographics | 83rd | Best |
| Amenities | 96th | Best |
Multifamily Valuation
| Property Details | |
|---|---|
| Address | 7057 Lanewood Ave, Los Angeles, CA, 90028, US |
| Region / Metro | Los Angeles |
| Year of Construction | 1991 |
| Units | 26 |
| Transaction Date | 2018-07-24 |
| Transaction Price | $10,250,000 |
| Buyer | LANEWOOD VILLAS LLC |
| Seller | NK LANEWOOD LLC |
7057 Lanewood Ave Hollywood Multifamily Investment
High renter concentration and dense amenity access point to durable leasing demand in Hollywood, according to WDSuite’s CRE market data.
Situated in an Urban Core pocket of Los Angeles rated A+, the neighborhood ranks 38 out of 1,441 across the metro—competitive among Los Angeles-Long Beach-Glendale neighborhoods. Amenity access is a standout: restaurants, groceries, pharmacies, cafes, and parks score in the top national percentiles, supporting renter convenience and lease retention.
The property’s 1991 vintage is newer than the area’s average construction year of 1968. That generally enhances competitive positioning versus older stock while still warranting capital planning for systems modernization and common-area refreshes to support rent positioning.
Renter-occupied housing is prevalent at the neighborhood level (about 77% of units are renter-occupied), indicating depth in the tenant base and steady multifamily demand. Median home values here are elevated relative to national norms, which tends to reinforce reliance on rental housing and can support pricing power when operations and finish levels are competitive.
Within a 3-mile radius, demographics indicate a smaller average household size and an increase in total households alongside a modest recent population dip, a pattern that typically supports demand for smaller rental units. Projections through 2028 show population growth and a sizable increase in households, suggesting a larger tenant base and potential to support occupancy stability and rent performance over time, based on CRE market data from WDSuite.
Safety trends are mixed but improving. The neighborhood’s crime profile is stronger than many areas nationally (around the upper third by national comparison). Notably, both property and violent offense estimates show sharp year-over-year declines, which is a constructive directional signal for long-term operations.
Within the Los Angeles-Long Beach-Glendale metro, the neighborhood’s crime rank is 550 out of 1,441, indicating conditions that are competitive among metro neighborhoods rather than top-tier. Investors should underwrite standard security measures and monitor trend continuity rather than relying on block-level assumptions.
The immediate area benefits from entertainment, media, and engineering corporate offices that help sustain a large renter workforce and convenient commutes for residents, including Live Nation, Radio Disney, Activision Blizzard Studios, Disney, and AECOM.
- Live Nation Entertainment — entertainment (0.13 miles)
- Radio Disney — media (3.70 miles)
- Activision Blizzard Studios — media & gaming (3.91 miles)
- Disney — media & entertainment (4.10 miles) — HQ
- AECOM — engineering & infrastructure (5.05 miles) — HQ
7057 Lanewood Ave sits in a high-performing Urban Core location with strong amenity density and a deep renter pool. At the neighborhood level, occupancy is below the metro median but supported by a high share of renter-occupied units and elevated ownership costs that tend to sustain rental demand. The 1991 vintage is newer than the area’s average, offering competitive positioning versus older stock while leaving room for targeted value-add to drive rent and retention.
Within a 3-mile radius, recent household growth and forecast increases in both population and households point to renter pool expansion, which can support leasing velocity and pricing power when combined with the submarket’s employment base. According to CRE market data from WDSuite, the area’s amenity and income profile is consistent with durable Class B/B+ renter demand, though affordability pressure and neighborhood-level occupancy softness warrant conservative underwriting and attentive lease management.
- Urban Core location with top-tier amenity access supporting tenant retention
- 1991 construction offers competitive positioning with room for targeted value-add
- High renter concentration and elevated ownership costs reinforce rental demand
- 3-mile forecasts indicate renter pool expansion supporting occupancy stability
- Risks: neighborhood occupancy below metro median and affordability pressure require disciplined operations