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1633 N Laurel Avenue

Los Angeles, CA 90046
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Bed 42

Bed

Bath 32

Bath

SqFt29,283

Sqft

SqFt32,692

Sqft(Lot)

We are pleased to present 1633 N Laurel Avenue, a 30-unit multifamily investment opportunity located in one of Los Angeles' most supply-constrained and consistently high-demand rental markets. Positioned just south of Hollywood Boulevard between Laurel Canyon and Crescent Heights, the property benefits from immediate access to premier lifestyle amenities, major employment centers, and some of the city's most desirable residential neighborhoods. The asset features a well-balanced unit mix of twenty one-bedroom units, eight two-bedroom units, and two three-bedroom units, totaling approximately 29,283 square feet on a 32,692 SF lot, with one parking space per unit and a landscaped courtyard-style layout that enhances tenant appeal and livability. The property has undergone extensive capital i mprovements, including a new roof, upgraded electrical and plumbing systems, individual unit furnaces, improved common areas, and enhanced security infrastructure, providing operational stability and minimizing near-term capital expenditure requirements. Offered at $9,650,000, the investment generates a current 5.02% cap rate with a path to 6.09% at market rents, representing approximately 16% upside through the mark-to-market of remaining below-market units. The offering equates to approximately $321,667 per legal unit and $329 per square foot, with a current GIM of 12.08 and a market GIM of 10.40. Supported by limited new supply, strong renter demand, and favorable demographics, 1633 N Laurel Avenue represents a stabilized, well-maintained 30-unit asset with meaningful upside in one of Southern California's most desirable rental corridors.

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Detail Ic Property Details

Property Type : ResidentialIncome

Price : $9,650,000

AD Id : 91447887

MLS Id : 26833213

Beds : 42

Lot Size : 32,692 Sq. Ft

Living Area Size : 29,283 Sq. Ft

Year Built : 1953

County : Los Angeles

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Feature Features

  • Bedroom Information

    Total beds: 42

    Bathroom Information

    Total Baths: 32
  • Heating & Cooling

    Heating: None Cooling: None

  • Building Information

    Year Built: 1953
    Building Area Total: 29283
    Stories: 2
    Private Pool: No

  • Lot Information

    Main Square Feet: 32692 Lot Size Acres: 0.7505 Lot Size Source: Estimated Lot Size Square Feet: 32,692

  • Listing Price Information

    Listing Price: $9650000

  • Tax Information

    Parcel Number: 5551016021

  • Location Information

    Direction: South of Hollywood Boulevard between Laurel Canyon and Crescent Heights.
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Nearby Home Value

Address Estimate Bed Bath Sq. Ft Lot Size
2004 La Brea Terrace, Los Angeles, CA, 90046 $4,998,000 4 5 4,018 25,024 Sq. Ft
1754 N La Brea Avenue, Los Angeles, CA, 90046 $1,495,000 6 4 4,456 4,547 Sq. Ft
1750 N La Brea Avenue, Los Angeles, CA, 90046 $1,495,000 4 4 4,046 4,932 Sq. Ft
7305 Pyramid Place, Los Angeles, CA, 90046 $17,888,000 7 8 9,200 30,799 Sq. Ft
7142 Marshfield, Los Angeles, CA, 90046 $2,190,000 4 4 2,880 6,759 Sq. Ft
7148 Marshfield, Los Angeles, CA, 90046 $1,190,000 2 1 1,236 4,486 Sq. Ft
1530 N Formosa Avenue, Los Angeles, CA, 90046 $2,999,999 13 13 8,198 7,555 Sq. Ft
2650 Lisco Place, Los Angeles, CA, 90046 $3,300,000 6 6 2,747 7,265 Sq. Ft
7377 Pyramid Place, Los Angeles, CA, 90046 $2,995,000 4 3 4,283 14,538 Sq. Ft
2695 La Cuesta Drive, Los Angeles, CA, 90046 $1,999,000 4 3 2,596 6,179 Sq. Ft

The information being provided by Miami Association of REALTORS® is for the consumer's personal, non-commercial use. Any information relating to real estate for sale referenced on this web site comes from the Internet Data Exchange (IDX) program of the Miami Association of REALTORS®. The accuracy of all information is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals. The data contained herein is copyrighted by Miami Association of REALTORS® and is protected by all applicable copyright laws. Any unauthorized dissemination of this information is in violation of copyright laws and is strictly prohibited. Copyright 2026 Miami Association of REALTORS®. All rights reserved.

ByOwner last updated this listing 09/25/2026 @ 21:41

MLS: 26833213 LISTED BY: Neema Ahadian, Marcus & Millichap 310-909-5500 SOURCE: CRMLS

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