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1031 N Laurel Ave, West Hollywood, CA 90046
$2,300,000
1031 N Laurel Ave, West Hollywood, CA 90046View this property at 1031 N Laurel Ave, West Hollywood, CA 90046
1031 N Laurel AveWest HollywoodCA90046
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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.
Full Property Details
Full Property Details for 1031 N Laurel Ave
General
- Sold For: $2,300,000
- Status: Closed
- Type: Multi-Family
- MLS ID: 23-337713
- Added to Site: 182 day(s) ago
Rooms
Bathrooms
- Total Bathrooms: 13
Bedrooms
- Total Bedrooms: 13
Additional Information
- Other Features: None
Parking
- Garage Description: Gated Underground
Location
- Area: West Hollywood Vicinity
- County: Los Angeles
- Driving Directions: Located just south of Santa Monica Blvd between Crescent Heights Blvd and N Fairfax Ave
Heating & Cooling
- Cooling Type: Central
- Heating Type: Natural Gas
Structural Information
- # Buildings: 1
- Stories/Levels: 0
- Square Feet: 8,210
- Sq. Ft. Source: Vendor Enhanced
- Year Built: 1964
- Year Built Source: Vendor Enhanced
Unit Information
- Units in Complex: 7
- Unit Type: 2106, 2107, 2108
Unit 1
- Total Bathrooms: 1
- Bedrooms: 1
Unit 2
- Total Bathrooms: 2
- Bedrooms: 2
Unit 3
- Total Bathrooms: 2
- Bedrooms: 3
Additional Structures
- Other Structures: None
Lot Features
- Lot Size (Acres): 0.15
- Lot Size: 6533
- Lot Size Source: Vendor Enhanced
- Zoning: WDR3C*
Financial Considerations
- Price Per Sq. Ft.: $286.24
- Assessment Year: 1964
Disclosures and Reports
- Disclosures/Reports: None
- APN: 5529-024-020
Listed by Marcus & Millichap, Neema Ahadian
Sold by Nelson Shelton Real Estate Era Powered, Donya Partow
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Schools
Schools serving 1031 N Laurel Ave
School District:Los Angeles Unified School District
Rating | Name | Grades | Distance |
---|---|---|---|
925 N Hayworth Ave, Los Angeles, CA 90046 | K-8 | 0.2 mi | |
7850 Melrose Ave, Los Angeles, CA 90046 | 9-12 | 0.6 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1031 N Laurel Ave
Date
Details
Price
Change
Source
12/29/2023
Sold
$2,300,000
-2.13%
MLS
11/02/2023
Listed
$2,350,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1031 N Laurel Ave, West Hollywood, CA 90046 (MLS# 23-337713) is a Multi-Family property that was sold at $2,300,000 on December 29, 2023. Want to learn more about 1031 N Laurel Ave? Do you have questions about finding other Multi-Family real estate for sale in West Hollywood? You can browse all West Hollywood real estate or contact a Coldwell Banker agent to request more information.