1253 N Laurel Avenue
West Hollywood, CA 90046
- – beds
- – baths
- – sqft
- 14,796 sqft lot
- 1953 build
- – on site
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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.
Listed By CRMLS_CA / David Weinberger / Keller Williams Studio City
Last checked:
Checking…
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Last updated Dec 29, 2023
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MLS# 23307401 —
The Building
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Year Built:1953
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New Construction:No
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Building Area Total:15592.00
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# of Buildings:1
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Total Number Of Units:14
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Stories Total:3
Interior
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Features:Ceiling Fan(s)
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Levels:Three Or More
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Flooring:Vinyl, Tile
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Room Type:Living Room
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Fireplace:No
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Fireplace:None
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Laundry:Community, In Carport, Individual Room
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Laundry:1
Financial & Terms
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Disclosures:Trust/Conservatorship
Location
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Directions:Cross Streets: N Laurel Ave & Fountain Ave
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Latitude:34.09329000
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Longitude:-118.36486900
The Property
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Property Type:Residential Income
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Zoning:WDR4*
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Lot Size Area:14796.0000
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Lot Size Acres:0.3397
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Lot Size SqFt:14796.00
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Lot Size Source:Assessor
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View:1
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View:Courtyard
Listing Agent
- Contact info:
- No listing contact info available
The Listing
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Buyer's Brokerage Compensation:2.500%
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Special Listing Conditions:Standard
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Buyer's Brokerage Compensation:$2.50
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Parcel Number:5554010006
Heating & Cooling
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Heating:1
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Heating:Central
Appliances
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Appliances:Refrigerator, Oven, Range
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Included:Yes
The Community
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Senior Community:No
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Pool:None
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Private Pool:No
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Spa Features:None
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Association:No
Parking
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Parking:Yes
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Parking:Carport, Attached Carport
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Parking Spaces:15.00
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Soundscore™
Provided by HowLoud
Soundscore is an overall score that accounts for traffic, airport activity, and local sources. A Soundscore rating is a number between 50 (very loud) and 100 (very quiet).
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
12/29/23
Dec 29, 2023
|
Sold | CRMLS_CA | $4,295,000 | -14.1% |
10/3/23
Oct 3, 2023
|
Sold Subject To Contingencies | CRMLS_CA | $5,000,000 | |
9/5/23
Sep 5, 2023
|
Listed / Active | CRMLS_CA | $5,000,000 |