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Multifamily

1011 N Laurel Ave

1011 N Laurel Ave, West Hollywood, CA 90046

Listing Price: $3,900,000

Cap Rate
3.21%
Number of Units
10
Price/Unit
$390,000
Price/Gross SF
$415.29
Gross SF
9,391

Investment Overview

The Neema Group of Marcus & Millichap is pleased to present 1011 N Laurel Ave, a 10-unit value-add investment opportunity located in the heart of West Hollywood. Located just south of Santa Monica Blvd, this asset is ideally located with walkability to numerous entertainment options and restaurants such as Laurel Hardware, Ysabel, Delilah, among others. The building features an excellent unit mix of spacious seven one-bedrooms, two two-bedrooms, and one three-bedroom townhouse with parking. The majority of the units are below-market, providing an investor the opportunity to capture the 50% rental upside through interior unit renovations as units turn. West Hollywood is one of the most coveted multifamily submarkets in Los Angeles and a top travel destination attracting those in entertainment, fashion, and entrepreneurship. High Walk Score of 93, proximity to schools, employment, and transit options, this location makes it convenient for residents to commute throughout the city and to nearby neighborhoods such as Beverly Hills, Hollywood, and Beverly Grove.

Investment Highlights

  • a 10-unit value-add investment opportunity located in a prime location of West Hollywood just south of Santa Monica Blvd between Crescent Heights Blvd and N Fairfax Ave
  • An excellent unit mix of spacious units consisting of seven one-bedrooms, two two-bedrooms, and one three-bedroom townhouse
  • An investor the opportunity to capture 50% rental upside through interior unit renovations as units turn; the three-bedroom townhouse will be delivered vacant at the close of escrow
  • There are ten gated, secure parking spaces; gas and electricity are separately metered
  • High Walk Score of 93 with endless entertainment options within a mile radius; proximity to schools, employment, and transit options gives residents an easy commute throughout the city to prominent areas such as Beverly Hills, Hollywood, and Beverly Grove
  • West Hollywood is one of the most coveted multifamily submarkets in Los Angeles and a top destination attracting those in entertainment, fashion, and entrepreneurship

Exclusively Listed By

Multifamily

1011 N Laurel Ave

Listing Price: $3,900,000

Cap Rate
3.21%
Number of Units
10
Price/Unit
$390,000
Price/Gross SF
$415.29
Gross SF
9,391

Investment Highlights

  • a 10-unit value-add investment opportunity located in a prime location of West Hollywood just south of Santa Monica Blvd between Crescent Heights Blvd and N Fairfax Ave
  • An excellent unit mix of spacious units consisting of seven one-bedrooms, two two-bedrooms, and one three-bedroom townhouse
  • An investor the opportunity to capture 50% rental upside through interior unit renovations as units turn; the three-bedroom townhouse will be delivered vacant at the close of escrow
  • There are ten gated, secure parking spaces; gas and electricity are separately metered
  • High Walk Score of 93 with endless entertainment options within a mile radius; proximity to schools, employment, and transit options gives residents an easy commute throughout the city to prominent areas such as Beverly Hills, Hollywood, and Beverly Grove
  • West Hollywood is one of the most coveted multifamily submarkets in Los Angeles and a top destination attracting those in entertainment, fashion, and entrepreneurship

Investment Overview

The Neema Group of Marcus & Millichap is pleased to present 1011 N Laurel Ave, a 10-unit value-add investment opportunity located in the heart of West Hollywood. Located just south of Santa Monica Blvd, this asset is ideally located with walkability to numerous entertainment options and restaurants such as Laurel Hardware, Ysabel, Delilah, among others. The building features an excellent unit mix of spacious seven one-bedrooms, two two-bedrooms, and one three-bedroom townhouse with parking. The majority of the units are below-market, providing an investor the opportunity to capture the 50% rental upside through interior unit renovations as units turn. West Hollywood is one of the most coveted multifamily submarkets in Los Angeles and a top travel destination attracting those in entertainment, fashion, and entrepreneurship. High Walk Score of 93, proximity to schools, employment, and transit options, this location makes it convenient for residents to commute throughout the city and to nearby neighborhoods such as Beverly Hills, Hollywood, and Beverly Grove.

Exclusively Listed By

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