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1267 N Laurel Ave

West Hollywood, CA 90046
  • $21,500,000
  • STATUS: Active
  • ON SITE: 91 Days
  • ID#: 21-764244
UPDATED: 76 min ago
$21,500,000
  • 24
    BEDS
  • 0.35
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Multi-Family
Built:
1958
County:

School Ratings & Info

Description

Proudly presenting The Laurel, a 23-unit ultra-luxury apartment community situated in the heart of West Hollywood. This is a generational opportunity to own a stunning mid-century boutique hotel-style residence. Over five million dollars of renovations have been invested in this pride of ownership masterpiece that showcases an exquisite design of curated finishes, top-end appliances, and glass window walls that bathe interiors in abundant natural light. Units surround a central, open-air courtyard featuring a zero-edge swimming pool, furnished cabanas, fire pit situated in between cozy seating areas, movie screening wall, and outdoor kitchen the quintessential outdoor space perfect for entertainment and communal gatherings. Due to the lack of furnished housing offered with less than a year commitment, ownership deployed a furnished, mid-term leasing strategy that has proved wildly successful. The Laurel has continuously had a waiting list, and units are immediately filled the same day upon a new vacancy, typically at a higher rental rate than the previous tenant. Video tour: https://vimeo.com/563996143

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-23T19:42:40.133. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.trulinerealty.com/homes/119659289
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1267 N Laurel Ave West Hollywood, CA 90046

  • Price: $21,500,000
  • Status: Active
  • Updated: 76 min ago
  • ID#: 21-764244
24
Beds
0
Baths
0
½ Baths
0.35
Acres
1958
Built
Neighborhood:
West Hollywood Vicinity
County:
Los Angeles
Area:
West Hollywood Vicinity
Property Description
Proudly presenting The Laurel, a 23-unit ultra-luxury apartment community situated in the heart of West Hollywood. This is a generational opportunity to own a stunning mid-century boutique hotel-style residence. Over five million dollars of renovations have been invested in this pride of ownership masterpiece that showcases an exquisite design of curated finishes, top-end appliances, and glass window walls that bathe interiors in abundant natural light. Units surround a central, open-air courtyard featuring a zero-edge swimming pool, furnished cabanas, fire pit situated in between cozy seating areas, movie screening wall, and outdoor kitchen the quintessential outdoor space perfect for entertainment and communal gatherings. Due to the lack of furnished housing offered with less than a year commitment, ownership deployed a furnished, mid-term leasing strategy that has proved wildly successful. The Laurel has continuously had a waiting list, and units are immediately filled the same day upon a new vacancy, typically at a higher rental rate than the previous tenant. Video tour: https://vimeo.com/563996143
Exterior Features

Lot Size Area 15077 Other Structures None Parking Garage SubterraneanControlled Entrance Patio Features Other - See Remarks Pool Description Negative Edge/Infinity PoolSafety FenceIn Ground Pool YN Yes Style Modern Total Parking 24

Interior Features

Bathroom Features RemodeledShower And Tub Baths Total 29.00 Cooking Appliances Convection OvenCooktop - GasRange HoodMicrowave Cooling Central Equipment IntercomBarbequeRange/OvenRefrigeratorMicrowaveHood FanDishwasherDryerWasher Flooring HardwoodTile Heating Central Interior Features FurnishedElevatorOpen Floor Plan Kitchen Features Stone CountersGourmet KitchenIslandRemodeled Laundry In Unit

Property Features

Gross Income 1342778 Gross Operating Income 1302495 Like Units1 5 Like Units2 12 Like Units3 6 Net Operating Income 897643.00 Number Of Buildings 1 Number Of Units 23 Sale Type Standard Security Features Card/Code Access Source Lot Size Area Owner Total Annual Expense 143845 Type Of Units Apartment Year Built Source Seller Zoning Wdr4*

Listing provided courtesy of Darin Beebower DRE# of Keller Williams-Santa Monica.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-10-23T19:42:40.133. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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TruLine Realty
2999 Overland Ave., Suite 116
Los Angeles CA, 90064