Property Detail

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.