1031 Laurel Avenue

West Hollywood, CA 90046

$2,300,000

Sold Price
N/A

bed Beds

N/A

shower Baths

N/A sqft

straighten $286 / sqft

1964

calendar_month Built

Property Description

1031 N Laurel Ave, a seven-unit valueadd investment opportunity located in the heart of West Hollywood. Located just south of Santa Monica Blvd, this asset is ideally located with walkability to numerous entertainment options and restaurants such as Laurel Hardware, Ysabel, Delilah, among others. The building features an excellent unit mix of one one-bedroom, four two bedrooms, and two three-bedrooms with parking. One of the three-bedroom units will be delivered vacant at the close of escrow. The majority of the units are below-market, providing an investor the opportunity to capture the 49% rental upside through interior unit renovations as units turn. West Hollywood is one of the most coveted multifamily submarkets in Los Angeles and a top travel destination attracting those in entertainment, fashion, and entrepreneurship. High Walk Score of 95, proximity to schools, employment, and transit options, this location makes it convenient for residents to commute throughout the city and to nearby neighborhoods such as Beverly Hills, Hollywood, and Beverly Grove.

Listing Information

Close Price $2,300,000
Close Date Friday, December 29th, 2023
Status Closed
MLS 23337713
Type Residential Income
Year Built 1964
Lot Size 6,533
Structure Size N/A
DOM 47
Courtesy Of Marcus & Millichap
Listing Agent Neema Ahadian DRE#01346750

Interior Features

Total Bedroom
Bedrooms N/A
Total Bathroom
Bathrooms N/A
Additional Information
Additional Features Ceiling Fan(s)
Cooling Type
Cooling Type Central Air

Exterior Information

Maps

Listing information courtesy of: Neema Ahadian, Marcus & Millichap . *Based on information from the Association of REALTORS/Multiple Listing as of Jan 2nd, 2024 at 3:04 PM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.