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… Read More 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. Read Less
Property listed by Chana Gedy, Chana Gedy 917-945-1070
Listing Snapshot
Days Online
84
Last Updated
Property Type
Other
Beds
12
Square Ft.
7,572
Lot Size
0.15 Acres
Year Built
1959
MLS Number
25571941
30 Days Snapshot Of 90046
$2.15M
+38%
(avg) sold price
30
+25%
homes sold
100
-5%
(avg) days on market
Snapshot
Area Map
Additional Details
Appliances & Equipment
Oven, Refrigerator
Building
Built in 1959, Building area total: 7,572, Levels: ThreeOrMore, Living area: 7572, 1 building
Expenses
Electric expense: $296, Insurance expense: $6,976, Maintenance expense: $3,011, New taxes expense: $26,490, Trash expense: $2,231, Water sewer expense: $3,227, Other expense: $1,800
Income
Gross income: $201,811, Net operating income: $146,612
Laundry
CommonArea
Lot
0.1504 acres, 6,550 square feet, Size: 6,550
Parking
6 totals parking, Assigned
Property
Zoning: WDR3C*
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Based on information from California Regional Multiple Listing Service, Inc. as of and/or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
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