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$ 2,925,000
Est. payment /mo
Active
1050 N Laurel Avenue West Hollywood, CA 90046
7,572 SqFt
UPDATED:
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
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Listed by Chana Gedy • Chana Gedy