805-677-7300

1633 N Laurel Avenue, Los Angeles, CA 90046

$9,650,000 Approx. USD 42 beds, 32 baths
29,283 sqft

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Marketed By Goossen / Neale Associates

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Marketed By Julia Goossen REALTOR® - Sales Associate 818-730-6879 m
805-677-7300 o
Lic#: 02074790
NRDS ID: 211512971
juliagoossen@bhhscal.com Ventura Office
789 S. Victoria Ave., Suite 100
Ventura, CA 93003
Phone: 805-677-7300
Fax: 805-644-8278

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Listing Agent

Neema Ahadian | neema@marcusmillichap.com
Lic#: 01346750
Broker: Courtesy of Marcus & Millichap
Phone: 310-909-5444

Agent Remarks

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 Details

Property type: (Multi-Family)

Status: Active

MLS# 26833213

Price: $9,650,000

Beds: 42

Baths: 32

Built in 1953

29,283 sqft

2 stories

0.75 acres

Lot size: 0.7505

County: Los Angeles

Zoning: LAR3

Parking description: Carport

Heating/cooling: None

Heating description: None

MLS area: C03 - Sunset Strip - Hollywood Hills West

Last Updated: 5/20/2026

Days On Market (DOM): 37

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This listing belongs to the C03 - Sunset Strip - Hollywood Hills West MLS area

Lat/Long: 34.101009, -118.364886.
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DISCLAIMER: There is NO WARRANTY, expressed or implied, for the accuracy of this information or its applicability to your financial situation. Please consult your financial and/or tax advisor. GET PRE-APPROVED The loan's interest rate will depend upon the specific characteristics of the loan transaction and credit profile up to the time of closing.

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