37
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$16,595,000
Est. payment /mo
25 Beds
29 Baths
18,252 SqFt
Active
1267 N Laurel AVE West Hollywood, CA 90046
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Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 18,252 sqft
Price per Sqft $909
MLS Listing ID 26671667
Bedrooms 25
HOA Y/N No
Year Built 1958
Lot Size 0.346 Acres
Lot Dimensions Assessor
Property Description
We are pleased to present the opportunity to acquire 1267 N Laurel Ave, a rare trophy turnkey 22-unit luxury apartment building that will be delivered 86% vacant (19 of 22 units vacant), providing an exceptionally rare opportunity for investors to acquire a renovated asset with immediate operational flexibility in one of Southern California's most supply-constrained rental markets. Opportunities to purchase a substantially vacant multifamily property in West Hollywood are extraordinarily scarce, particularly one that has already undergone extensive renovations. The unique vacancy profile allows a new owner to quickly establish market rents, reposition the asset, or implement specialized housing strategies without the typical timeline associated with tenant turnover. This exceptional vacancy profile allows for multiple investment approaches, including: (1) luxury long-term apartment residences, (2) premium corporate housing, (3) boutique rehabilitation or wellness facility, or (4) licensed adult care facility, all subject to buyer verification. The property has undergone significant capital improvements and luxury upgrades, including fully renovated apartment interiors featuring new flooring, designer kitchens with top-of-the-line appliances, modernized bathrooms, and high-end finishes throughout. Major system improvements include new plumbing, updated electrical systems, and a new sewer line, providing long-term operational reliability and reducing future capital expenditure requirements. In addition to the interior renovations, the property features resort-style amenities, including a newly constructed swimming pool/jacuzzi, outdoor fire pit, outdoor cabanas, and thoughtfully designed common areas that create an elevated residential environment tailored to West Hollywood's luxury rental market. Contact the listing broker for additional information.
Location
State CA
County Los Angeles
Area C10 - West Hollywood Vicinity
Zoning WDR4*
Interior
Interior Features Ceiling Fan(s)
Heating Central
Cooling Central Air
Fireplace No
Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer
Exterior
Garage Spaces 26.0
Garage Description 26.0
Pool In Ground
Total Parking Spaces 26
Building
Story 2
Entry Level Multi/Split
Level or Stories Multi/Split
New Construction No
Others
Senior Community No
Tax ID 5554010004
Special Listing Condition Standard
Listed by Casey Lins Kidder Mathews of California, Inc. #01902650
Nearby Locations
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