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$ 2,925,000
Est. payment | /mo
7,572 SqFt
$ 2,925,000
Est. payment | /mo
7,572 SqFt
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 7,572 sqft
Price per Sqft $386
MLS Listing ID CL25571941
HOA Y/N No
Year Built 1959
Lot Size 6,550 Sqft
Acres 0.15
Property Sub-Type Other
Property Description
First time on the market in over 20 years, 1050 N. Laurel Ave presents a rare opportunity to acquire a well-maintained 8-unit multifamily property in the heart of West Hollywood. Situated on a WDR3C* zoned lot, this asset offers a powerful combination of immediate income, long-term upside, and future development potential in one of L.A.'s most desirable rental markets. The property currently generates a gross annual income of approximately $201,810, with significant value-add potential through unit turnover and cosmetic enhancements. Recent capital improvements include: Seismic retrofit completed in 2023, Lower roof replaced in March 2025, Upper roof replaced in 2023, Horizontal copper plumbing has been updated. Located on a quiet, tree-lined street just blocks from Melrose Ave and Santa Monica Blvd, the building offers excellent walkability to shops, restaurants, and cultural hotspots. With strong in-place income, rent upside, and prime zoning, 1050 N. Laurel Ave is a compelling opportunity for both cash flow-focused investors and long-term holders looking for growth and stability.
Location
State CA
County Los Angeles
Zoning WDR3
Interior
Fireplace No
Laundry Common Area
Building
New Construction No
Others
Tax ID 5529015030
Virtual Tour https://www.youtube.com/watch?v=WL7F_OkhH1Y
© 2025 BEAR, CCAR, bridgeMLS. This information is deemed reliable but not verified or guaranteed. This information is being provided by the Bay East MLS or Contra Costa MLS or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website.
Listed by Chana Gedy • Chana Gedy
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Debbi DiMaggio Betta
REALTOR | Partner | Lic# 01047447