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31415257

1267 Laurel Ave, West Hollywood, CA 90046 For Sale

CL
01902650
Kidder Matthews
VC
CA 02012324
Kidder Mathews Los Angeles
Listed by Kidder Matthews, Kidder Mathews Los Angeles
$16,395,000
108 days on market
Updated 39 days ago

1267 N Laurel Ave

Details
APN 5554-010-004
Property Type Multifamily
Sub Type Apartment Building
Square Footage 18,252
Net Rentable (SqFt) 18,252
Units 26
Cap Rate 5.63%
NOI $922,424
Occupancy 13.6%
Pro-Forma Cap Rate 6.34%
Pro-Forma NOI $1,039,668
Price per SqFt $898
Broker Co-Op Yes
Year Built 1958
Buildings 1
Stories 2
Lot Size (SqFt) 15,082
Zoning WDR4
Parking Spaces 26 spaces
Parking per 1,000 SqFt 1.42
Investment Type Value Add
Ground Lease No

Turnkey 22-Unit Luxury Building | 86% VACANT | WeHo

Marketing 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.

Investment highlights

Listing Contacts

CL
01902650
Kidder Matthews
VC
CA 02012324
Kidder Mathews Los Angeles
Listed by Kidder Matthews, Kidder Mathews Los Angeles

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$922,424.00
$76,868.67/mo

Valuation Metrics

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DSCR
5.63%
Cap Rate
5.63%
ROI

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