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Donnie Bowen

[email protected] +1(949) 290-9754

$ 16,595,000

Est. payment | -/mo

25 Beds

29 Baths

18,252 SqFt

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$ 16,595,000

Est. payment | -/mo

Save

25 Beds

29 Baths

18,252 SqFt

Key Details

Property Type Single Family Home

Listing Status Active

Purchase Type For Sale

Square Footage 18,252 sqft

Price per Sqft $909

MLS Listing ID 26671667

Bedrooms 25

HOA Y/N No

Year Built 1958

Lot Size 0.346 Acres

Lot Dimensions Assessor

Property 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.

Location

State CA

County Los Angeles

Area C10 - West Hollywood Vicinity

Zoning WDR4*

Interior

Interior Features Ceiling Fan(s)

Heating Central

Cooling Central Air

Fireplace No

Appliance Dishwasher, Disposal, Microwave, Refrigerator, Dryer, Washer

Exterior

Garage Spaces 26.0

Garage Description 26.0

Pool In Ground

Total Parking Spaces 26

Building

Story 2

Entry Level Multi/Split

Level or Stories Multi/Split

New Construction No

Others

Senior Community No

Tax ID 5554010004

Special Listing Condition Standard

CRMLS Full IDX Feed (MAIN Website Search)

Listed by Casey Lins Kidder Mathews of California, Inc. #01902650

NEARBY SCHOOL & BUSINESS

+1(949) 290-9754

[email protected]

22502 Avenida Empresa, Rancho Santa Margarita, California, 92688, USA

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1267 N Laurel AVE West Hollywood, CA 90046