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.
How many bedrooms does this multi-family home have?
There are 25 bedrooms in this multi-family home at 1267 N Laurel Avenue.
Does this multi-family home have parking?
Yes, there are 26 parking spaces available for 1267 N Laurel Avenue.
How does 1267 N Laurel Avenue compare to other multi-family homes in Crescent Heights?
This multi-family home is listed 155% above the average price for multi-family homes in Crescent Heights and has been on the market for 41 less days than the typical home in this area.
What is the square footage on this multi-family home?
According to the MLS, this listing is 18,252 sqft.
1267 N Laurel Avenue is a 25-bedroom multi-family home for sale in West Hollywood CA 90046. Available on Prevu for 30 days at $16,595,000. This home features 18,252 square feet of living space, located in Crescent Heights. The median listing price for multi-family homes in this area is $1,399,000. Property amenities include dishwasher, air conditioning, parking, swimming pool, and washer/dryer. View other multi-family home listings in West Hollywood.
Based on information from California Regional Multiple Listing Service, Inc. and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by Prevu or the MLS. Information is provided exclusively for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumer may be interested in purchasing.
Rebate estimate is indicative only and based on listing price and estimated buyer's agent commission paid by owner, if applicable. Final rebates are subject to Terms of Use and may vary due to final negotiated transaction terms.