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 improvements, 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.
Property Details
Price:
$9,650,000
MLS #:
26833213
Status:
Active
Beds:
42
Baths:
32
Type:
Single Family
Neighborhood:
c03sunsetstriphollywoodhillswest
Listed Date:
May 12, 2026
Finished Sq Ft:
29,283
Total Sq Ft:
29,283
Lot Size:
32,692 sqft / 0.75 acres (approx)
Year Built:
1953
See this Listing
Schools
Interior
Cooling
NO
Heating
NO
Levels
U
Exterior
Common Walls
_1CW
Parking Spots
30
Parking Total
30
Financial
Map
Community
- Address1633 N Laurel AV Los Angeles CA
- CityLos Angeles
- CountyLos Angeles
- Zip Code90046
Subdivisions in Los Angeles
Market Summary
Current real estate data for Single Family in Los Angeles as of May 15, 2026
7,136
Single Family Listed
83
Avg DOM
433
Avg $ / SqFt
$1,722,264
Avg List Price
Property Summary
- 1633 N Laurel AV Los Angeles CA is a Single Family for sale in Los Angeles, CA, 90046. It is listed for $9,650,000 and features 42 beds, 32 baths, and has approximately 29,283 square feet of living space, and was originally constructed in 1953. The current price per square foot is $330. The average price per square foot for Single Family listings in Los Angeles is $433. The average listing price for Single Family in Los Angeles is $1,722,264.
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