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    1267 N Laurel Avenue

    West Hollywood, CA 90046
    • $21,500,000
    • STATUS: Active
    • ON SITE: 58 days
    • ID#: 21764244
    UPDATED: 78 min ago
    $21,500,000
    • 0
      BEDS
    • 0.34
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    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 California Regional Multiple Listing Service, Inc. as of 2021-09-20T12:29:02.607. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
    www.findorangecountyhomelistings.com/homes/119661871
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    1267 N Laurel Avenue West Hollywood, CA 90046

    • Price: $21,500,000
    • Status: Active
    • Updated: 78 min ago
    • ID#: 21764244
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.34
    Acres
    1958
    Built
    Neighborhood:
    C10 - West Hollywood Vicinity
    County:
    Los Angeles
    Area:
    C10 - 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

    Architectural Style Modern Parking Features Controlled EntranceUnderground Pool Features InfinityIn Ground Pool Private YN No

    Interior Features

    Appliances BarbecueConvection OvenDishwasherGas CooktopMicrowaveRefrigeratorRange HoodDryerWasher Cooling Central Air Cooling YN Yes Flooring TileWood Heating Central Heating YN Yes Interior Features ElevatorFurnishedOpen Floorplan

    Property Features

    Gross Income 1342778 Listing Agreement Seller Reserved Listing Service Full Service Net Operating Income 897643 Security Features Key Card Entry Senior Community YN No Special Listing Conditions Standard Vacancy Allowance Rate 0 Zoning Wdr4*

    Listing provided courtesy of Darin Beebower of Keller Williams-Santa Monica


    Based on information from California Regional Multiple Listing Service, Inc. as of 2021-09-20T12:29:02.607. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS or Latrice Deluna Homes | The Orion Group. Licensed in the State of California, USA.
     
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    Latrice Deluna Homes | The Orion Group
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    Newport Beach CA, 92660