Property listed by Miller & Desatnik Realty Co., Glenn Brander 310-202-9166
$3,695,000
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… Read More 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. Read Less
Listing Snapshot
Days Online
15
Last Updated
Beds
23
3/4 Baths
16
Square Ft.
12,318
Lot Size
0.36 Acres
Year Built
1954
MLS Number
26989385
Additional Details
Building
Built in 1954, Living area: 12318.0, 1 building, 2 stories, Levels: MultiSplit
Income
Gross Income: $342,421, Net Operating Income: $197,975
Lot
0.3582 acres
Parking
16 total parking spaces, ControlledEntrance
Taxes
Parcel Number: 5554011019, Zoning: WDR4*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. 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.
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