1218 N Laurel Ave - Apartments FOR SALE


West Hollywood, CA 90046 | 
$3,695,000 USD
818-456-6475
1218 N Laurel Ave, West Hollywood, CA for Sale
$3,695,000 USD
Apartments - FOR SALE
1/41
null | 5.37% Cap Rate

1218 N Laurel Ave
West Hollywood, CA 90046


HIGHLIGHTS

  • Prime West Hollywood Location
  • Compelling Value-Add Investment Opportunity
  • Significant Rental Upside
  • Desirable Unit Mix of Spacious One and Two Bedroom Residences
  • Steps to Santa Monica Blvd Shopping, Dining, Grocery Stores, and Nightlife
  • Gated & Secured Entry, Courtyard Property with a Pool

OVERVIEW

The Brander Investment Group is pleased to present 1218 N Laurel Avenue, a 16-unit multifamily 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.

FOR SALE DETAILS

PRICE

$3,695,000 USD

PRICE/SF

$300 USD /SF

# OF UNITS

16

PRICE/UNIT

$230,938

CAP RATE

5.37%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Laurel Residences

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.36 AC

LAND SF

15,599 SF

ZONING

WDR4*

APN/PARCEL ID

5554-011-019

ASK ABOUT THIS PROPERTY

Zach FriedmanMiller & Desatnik Realty Corp.More Info
818-456-6475

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Zach FriedmanMiller & Desatnik Realty Corp.More Info
818-456-6475

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.