16-Unit Apartment
1218 N Laurel Ave, West Hollywood, CA 90046
For Sale
$3,695,000
One- and two-bedroom residences create a varied multifamily unit mix near Santa Monica Boulevard.
Property Size12,318 SF
Days on Market56
Property Features for 1218 N Laurel Ave
General Information
Standard status
Size
Property subtype
Additional Details
Multifamily Units
Building Details
Building Size
Year Built
Listing Agency:
Miller & Desatnik Realty Co.
Listed By:
Glenn Brander · License CA #01020228
(310) 428-4116
Source:
Rochellemaize
Added: Sep 16
Changed: Nov 4
Last Checked: Nov 8 at 4:19PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Miller & Desatnik Realty Co.
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Investment Insights
Based on property information with market context.
This apartment property contains 16 residences with a mix of one- and two-bedroom floor plans. Built in 1954, the building encompasses 12,318 square feet and provides a substantial multifamily configuration in West Hollywood.
The property is positioned near Santa Monica Boulevard, with restaurants, retailers, grocery stores, nightlife, dining, shopping, and entertainment in the surrounding area. Its location along N Laurel Avenue places the residences within the West Hollywood rental market and near established neighborhood amenities.
The unit mix and residential layout support a range of apartment living formats within a single multifamily asset. The property is located at 1218 N Laurel Ave, West Hollywood, CA 90046.
The property is positioned near Santa Monica Boulevard, with restaurants, retailers, grocery stores, nightlife, dining, shopping, and entertainment in the surrounding area. Its location along N Laurel Avenue places the residences within the West Hollywood rental market and near established neighborhood amenities.
The unit mix and residential layout support a range of apartment living formats within a single multifamily asset. The property is located at 1218 N Laurel Ave, West Hollywood, CA 90046.
Key Highlights
- 16‑unit apartment property
- Mix of one- and two‑bedroom residences
- 12,318 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$198,206
Cap Rate
5.36%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,964,120
$4.0M
Cap Rate 7%
$2,831,514
$2.8M
Cap Rate 9%
$2,202,289
$2.2M
Market Conditions
NOI Build-Up for 12,318 SF
Gross rent
$391.7K $31.80/SF
− Vacancy
−$31.3K −$2.54/SF
EGI
$360.4K $29.26/SF
− OpEx
−$162.2K −$13.17/SF
NOI
$198.2K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,964,120
Cap Rate 7%
$2,831,514
Cap Rate 9%
$2,202,289
Alternative Uses
Best Use
Apartment 5plus
$2.83M
$2.48M – $3.30M
NOI $198,206 @ 7.0% cap · market cap 5.36%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$6.60M
$5.77M – $7.69M
NOI $461,651 @ 7.0% cap · market cap 12.49%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
16
Residential units
Location Intelligence
Trade Area within ½ mile
780
Businesses Nearby
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Business Placement
Demographics for 90046, CA
49,987
Population
31,929
Households
1.6
Avg Household Size
39
Median Age
63%
College-Educated
95%
High-School Grad
5.7 sq mi
ZIP Area
8,770
Density / Sq Mi
$94,259
Median Household Income
$65,607
Median Earnings
$2,204
Median Rent
$1,411,500
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/SF for Apartment buildings in West Hollywood, CA
Properties on Market for Apartment buildings in West Hollywood
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - One- and two-bedroom residences create a varied multifamily unit mix near Santa Monica Boulevard.
Where is this apartment building located?
The property is located at 1218 N Laurel Ave West Hollywood, CA.
What is the asking price?
The asking price for this property is $3,695,000.
What are key features of this property?
This property features: 16‑unit apartment property; Mix of one- and two‑bedroom residences; 12,318 square feet of property size
