$9,650,000

1633 N Laurel Avenue, Los Angeles, CA 90046

  • 42 beds |
  • 32 baths |
  • 29,283 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1953
  • Property Lot Size Icon0.75acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $330/sqft
  • Property List Date Icon Listed 8 days ago

Property Description

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.

Listing Status:
Active
Date Added:
May 12, 2026
Data Last Updated:
May 20, 2026 at 8:18PM
Listing Office:
Marcus & Millichap : 310-909-5500
Listing Agent:
Neema Ahadian : 310-909-5444
MLS ID:
26833213
  • A/C: None
  • Heating: None
  • Parking: CarportParking spaces: 30
  • General: 2
  • Originating MLS: CRMLS_CL
  • County: Los Angeles
  • Zoning: LAR35551016021
  • Source: CRMLS_CL

This listing courtesy of Neema Ahadian , Marcus & Millichap

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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