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1253 N Laurel Avenue
USD 5,000,000
Property ID: 23307401
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1253 N Laurel Avenue ,90046
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icon 14796 SqFt
icon Built in 1953
icon USD 338/SqFt
icon 24 Beds
icon 0 Full
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Location Street View
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Interior Details
Bedrooms
24
Bathrooms
0
Interior Size
15592
Construction Details
Property Type --
Property Condition --
Architectural Style --
New Construction --
Year Built 1953
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Detailed Introduction Of This Home
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 rental growth, driven by an unyielding demand from new residents eager to be part of the West Hollywood experience. With rents currently below market value and a desirable unit mix, there's significant potential to boost the rental 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 WalkScore 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.
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Contact Development/Agent
Cissy Tang
TEL: (+1)626 9868**** icon
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Contact Development/Agent
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Cissy Tang
(+1)626 9868**** icon
Please enter your nationality
+87
Cannot be empty
Email address is invalid Email address not authenticated!
Cissy Tang
(+1)626 9868**** icon
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Photos (29)
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1253 N Laurel Avenue
USD 5,000,000 24 Beds
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