1031 N Laurel Avenue, West Hollywood, CA 90046
Property
Sold December 2023
Listing Agent: Neema Ahadian (DRE #01346750) · Listing Office: Marcus & Millichap · Contact: 310-909-5500 · Bought with: Donya Partow · Nelson Shelton Real Estate Era Powered · MLS #23337713 · Source: CRMLS
About this property
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 description from the December 2023 sale, as reported to CRMLS.
Sale history