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1633 N Laurel Ave, Los Angeles, CA 90046
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1633 N Laurel Ave Los Angeles, CA 90046

$10,900,000
  • 42 Beds
  • 32 Baths
  • 29,283 Sq.Ft.
For Sale
$10,900,000 Get Pre-Qualified
Map preview of 1633 N Laurel Ave, Los Angeles, CA 90046

Property Overview: 1633 N Laurel Ave Los Angeles, CA has 42 bedrooms, 32 bathrooms, 29,283 living square feet and 32,692 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Pleased to present the Laurelwood Apartments, a 30-unit apartment building located at 1633 North Laurel Avenue, in the Hollywood Hills West neighborhood of L.A. This pride-of-ownership property offers an exceptional living experience with its mix of 1, 2, and 3 bedroom units, and amenities including keyed access to property grounds, an on-site laundry facility, carport parking, and a landscaped courtyard with patio seating. Lovingly maintained by the same family for more than 60 years, the Laurelwood Apartments offer an opportunity to acquire an asset with substantial Capital Expenditure improvements already completed. Situated in a vibrant neighborhood, residents enjoy easy access to some of LA’s most iconic destinations, as well as abundant dining and retail options nearby.

Listed by Damien Breaux | BRE #01460301 | Morgan Skenderian
Co-listed by Rick Applebaum | BRE #01273871 | Morgan Skenderian
Last checked: 6 minutes ago | Last updated: April 11th, 2024 | Source CRMLS | DOM: 15
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Home details

Lot Sq. Ft
32,692
HOA Dues
$0/mo
Year built
1953
Garage
--
Property Type:
Apartment
Status
Active
MLS#
PW24067711
City
Los Angeles
County
Los Angeles
Time on Site
21 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 30
  • Total # of Buildings: 1
  • # of Electric Meters: 31
  • # of Gas Meters: 31
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 20
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $1,942
  • Total Rent: $38,843
  • Pro Forma/Market Rent: $3,250
Unit Breakdown 2
  • # of Units: 8
  • # of Beds: 2
  • # of Baths: 1
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,300
  • Total Rent: $18,640
  • Pro Forma/Market Rent: $3,995
Unit Breakdown 3
  • # of Units: 2
  • # of Beds: 3
  • # of Baths: 2
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $2,675
  • Total Rent: $5,350
  • Pro Forma/Market Rent: $4,495
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.1%
  • Gross Rent Multiplier: 14.31
  • Gross Scheduled Income: $761,861
  • Net Operating Income: $441,417
  • Gross Operating Income: $739,005
  • Vacancy Allowance: $22,855
  • Laundry Income: $6,264
  • Laundry Own/Lease: Lease
  • Other Income 1: $1,600
  • Other Income Description: RSO/SCEP Recapture
Annual Expense Breakdown
  • Total Operating Expense: $297,587
  • Electric: $14,669
  • Gas/Fuel: $14,669
  • Licenses: $3,200
  • New Taxes: $127,009
  • Trash: $14,669
  • Gardener: $7,139
  • Insurance: $20,498
  • Maintenance: $37,699
  • Workman's Comp: $4,311
  • Professional Management: $0
  • Water/Sewer: $14,669
  • Other Expenses: $28,740
  • Other Expense Description: on-site

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Property Details for 1633 N Laurel Ave

Interior Features
Laundry Information
  • Has Laundry
  • Common Area
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 30
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: Lot 20000-39999 Sqft
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 30
  • Parcel Number: 5551016021
  • Year Built Source: Assessor
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Assessment Information
  • Has Assessments
  • Assessments: Special Assessments
Location / Neighborhood
Location Information
  • Directions: North of Sunset Blvd and west of Fairfax Ave
Neighborhood Information
  • Community Features: Curbs, Gutters, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 1633 N Laurel Ave

Last sold on August 28th, 1996

  • April, 2024

  • Apr 11, 2024

    Date

    Active

    CRMLS: PW24067711

    $10,900,000

    Price

  • August, 1996

  • Aug 28, 1996

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • August, 1996

  • Aug 28, 1996

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 1633 N Laurel Ave

Assessed Value (2020): $2,053,144
Year Land Value Improved Value Assessed Value
2020 $660,773 $1,392,371 $2,053,144

Home Value Compared to the Market

This property vs the competition

1633 N Laurel Ave is listed 789.8% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $372.23 per/sqft which puts the price per square foot 51.91% lower than the median price per square foot for the city of Los Angeles.

About 1633 N Laurel Ave

Detailed summary of property

1633 N Laurel Ave is a apartment located in Los Angeles, CA 90046 and is currently for sale. This apartment offers 42 bedrooms, 32 bathrooms, roughly 29,283 living square feet, and sits on an approximately 32,692 square foot lot. 1633 N Laurel Ave was first listed on ArdentRealEstateGroup.com on April 11, 2024. The homeowner is currently asking $10,900,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 789.8% higher than the median priced home. Local competing homes currently for sale include 11755 National Blvd, 1728 N Sierra Bonita Ave and 2611 E Broadway. While the average home in Los Angeles, CA is selling in 96 days, 1633 N Laurel Ave has a days on market of 15 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 1633 N Laurel Ave Los Angeles, CA 90046 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 1633 N Laurel Ave

Public county record property details
Beds
--
Baths
--
Year built
1953
Sq. Ft.
29,283
Lot Size
32,691
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
A
APN
5551-016-021

The source for these homes facts are from public records.

90046 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,995,000
Median List Price/Sq.Ft.
$943
Median Sold Price
$2,000,000
Median Sold Price/Sq.Ft.
$856
Total Inventory
209
Median Sale to List Price %
117.72%
Avg Days on Market
34
Loan Type
Conventional (2.7%), FHA (0%), VA (0%), Cash (13.51%), Other (2.7%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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