David Weinberger
This listing was posted on David Weinberger (via ListedBuy).
$5,000,000
1253 North Laurel Avenue, West Hollywood, CA 90046
Price:
$5,000,000
BR/BA:
10+ BR, 10+ BA
Location:
1253 North Laurel Avenue, Los Angeles, CA
Description:
Situated in the heart of West Hollywood, 1253 N Laurel Ave, "The Laurel Apartments" is a charming 14-unit multifamily, encompassing 15,592 sqft on a 14,796 sqft lot. The Laurel Apartments is Available for the first time in 70 years and includes a highly desirable unit mix in coveted West Hollywood. Unit Mix is comprised of: (1) 3 Bed + 2 Bath Unit // (2) 2 Bed + 1.5 Bath Townhome-Style Units (One Unit Delivered Vacant) // (4) 1 Bed + 1 Bath Units // (7) 2 Bed + 2 Bath Units. West Hollywood continues to see consistent saleal growth, driven by an unyielding demand from new residents eager to be part of the West Hollywood experience. With sales currently below market value and a desirable unit mix, there's significant potential to boost the saleal rate and stabilize at an impressive +/- 9.2% Cap Rate. The Laurel Apartments primed for various investment strategies by scaling operations and optimizing expenses. Whether you're an Owner/User or an Investor, 1253 N Laurel Ave promises to be a valuable addition to your portfolio. Featuring a remarkable Walk Score of 92, The Laurel Apartments offers its residents the luxury of a pedestrian-friendly lifestyle. The iconic Sunset Strip and Santa Monica Blvd. are a few moments away, allowing easy access to trendy dining, eclectic shopping, and diverse employment opportunities. The property's coveted location ensures residents benefit from extensive public transportation and parking access, making commutes to Beverly Hills, Century City, and Hollywood a breeze. Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
Sq feet:
15,592 sq. ft.
For sale by:
Agent/Broker
Agent Name:
David Weinberger
Posted:
October 2 2023 on ListedBuy
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More About this Listing: 1253 North Laurel Avenue, West Hollywood, CA 90046
1253 North Laurel Avenue, West Hollywood, CA 90046 is a 10+ BR 10 Bathroom, 10+ BA, 24 Bathroom Multi-Family Real Estate for Sale at 1253 North Laurel Avenue in Los Angeles CA. Find other listings like 1253 North Laurel Avenue, West Hollywood, CA 90046 and listings near 1253 North Laurel Avenue by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 24 Bathroom Multi-Family Real Estate for Sale in Los Angeles CA.
1253 North Laurel Avenue, West Hollywood, CA 90046 is a 10+ BR 10 Bathroom, 10+ BA, 24 Bathroom Multi-Family Real Estate for Sale at 1253 North Laurel Avenue in Los Angeles CA. Find other listings like 1253 North Laurel Avenue, West Hollywood, CA 90046 and listings near 1253 North Laurel Avenue by searching Oodle Classifieds for 10+ BR 10 Bathroom, 10+ BA, 24 Bathroom Multi-Family Real Estate for Sale in Los Angeles CA.