1218 N Laurel Avenue, West Hollywood, CA 90046

$3,695,000
23
BD
16
BA
12,318
SqFt

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List Price
$3,695,000
Status
ACTIVE
MLS#
26989385
Year Built
1954
Bedrooms
23
Bathrooms
16
Living Sq. Ft
12,318
Lot Size
15,603
Acres
0.36
Days on Market
2
Property Type
Multifamily
Stories
Multi Level

Property Description

We're pleased to present 1218 N Laurel Avenue, a 16-unitmultifamily investment opportunity ideally situated in the heart of West Hollywood. The property features a desirable mix of generously sized one- and two-bedroom residences, with spacious floor plans that provide strong appeal to a broad and enduring renter base. Located in one of Greater Los Angeles's most desirable and supply-constrained rental markets, 1218 N Laurel Avenue offers residents exceptional access to the renowned dining, shopping, entertainment and lifestyle amenities that define West Hollywood. The property is conveniently positioned near Santa Monica Boulevard and many of the area's most popular restaurants, retailers, grocery stores and nightlife destinations. The offering presents a compelling value-add opportunity, with meaningful upside in the rents and the potential for a new owner to further enhance the property through strategic renovations and unit improvements over time. The combination of substantial unit sizes, an attractive unit mix and embedded rental upside provides multiple avenues for long-term value creation. With its prime West Hollywood location, spacious residences and significant income-growth potential, 1218 N Laurel Avenue represents a rare opportunity to acquire a substantial multifamily asset in one of Greater Los Angeles' most sought-after rental markets.

Additional Information

Attached Structure
Detached
Number Of Units Total
16

Listing courtesy of Listing Agent: Glenn Brander (gbrander@mdrealtycorp.com) from Listing Office: Miller & Desatnik Realty Co..

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Based on information from California Regional Multiple Listing Service, Inc. as of . This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.