West Hollywood, CA 90046,1031 N Laurel AVE
West Hollywood, CA 90046,1031 N Laurel AVE
West Hollywood, CA 90046,1031 N Laurel AVE
$2,300,000
Est. payment /mo
$2,350,000
2.1%
Est.Price: ?

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13 Beds
13 Baths
8,210 SqFt
SOLD DATE : 12/29/2023

Key Details

Sold Price $2,300,000

Property Type Multi-Family

Listing Status Sold

Purchase Type For Sale

Square Footage 8,210 sqft

Price per Sqft $280

MLS Listing ID 23337713

Sold Date 12/29/23

Bedrooms 13

HOA Y/N No

Year Built 1964

Lot Size 6,534 Sqft

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.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR3C*

Interior

Interior Features Ceiling Fan(s)

Heating Natural Gas

Cooling Central Air

Fireplace No

Appliance Refrigerator

Building

Entry Level Two

Level or Stories Two

New Construction No

Others

Senior Community No

Tax ID 5529024020

Special Listing Condition Standard

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California Regional MLS (CRMLS)
Listed by Neema Ahadian • Marcus & Millichap
Bought with Donya Partow • Nelson Shelton Real Estate Era Powered

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Monique H. Ott-Beacham

+1(619) 757-3109

Broker | License ID: DRE #01448692

Broker License ID: DRE #01448692

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