1633 North Laurel Avenue

Los Angeles, CA 90046

$10,900,000
Price
6
Beds
32
Baths
29,283 Sq. Ft.
$372 / Sq. Ft.
29,283
Sq. Ft.
$372
per Sq. Ft.

Description

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...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.
  1. Listed by Damien Breaux • DRE #01460301 • Brokerage DRE #01220368 • Morgan Skenderian • db@morganskenderian.com
  2. Listed by Rick Applebaum • DRE #01273871 • Brokerage DRE #01220368 • Morgan Skenderian

Property Details for 1633 North Laurel Avenue

Parking Spaces Total
30
Private Pool
No
Total Units
30.0
Building Type
Attached
Lot Size Source
Assessor
Living Area
29283
Assessor Parcel Number
5551-016-021
Property Attached YN
true

Location

Listing Courtesy of Morgan Skenderian, Damien Breaux, DRE #01460301; Morgan Skenderian, Rick Applebaum, DRE #01273871
Add your commute
LISTING UPDATED: 04/11/2024 03:14 AM

Property Details for 1633 North Laurel Avenue

StatusActive
MLS #PW24067711
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1953
CountyLos Angeles County

Location

Listing Courtesy of Morgan Skenderian, Damien Breaux, DRE #01460301; Morgan Skenderian, Rick Applebaum, DRE #01273871
Add your commute

Building Information for 1633 North Laurel Avenue

Building/Complex1633 N Laurel AveFloor-Stories2Residences-Pet Policy-Year Built1953Building Size-

Payment Calculator

$62,019 per month

30 year fixed, 7.25% Interest

Principal and Interest

$59,486

Property Taxes

$2,533

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1633 North Laurel Avenue

Income / Expense / Tax Details
Income Details
  • Gross Income: $7,864
  • Gross Scheduled Income: $761,861
  • Vacancy Allowance: 22855
  • Gross Operating Income: $739,005
  • Net Operating Income: $441,417
  • Laundry Income: $6,264
  • Other Income Description: RSO/SCEP Recapture
  • Other Income 1: $1,600
  • Gross Multiplier: 14.31
  • Cap Rate: 4.1
Expense Details
  • Operating Expense: $297,587
  • New Taxes Expense: $127,009
  • Gardener Expense: $7,139
  • Fuel Expense: $14,669
  • Licenses Expense: $3,200
  • Electric Expense: $14,669
  • Insurance Expense: $20,498
  • Maintenance Expense: $37,699
  • Professional Management Expense: $0
  • Workmans Compensation Expense: $4,311
  • Other Expense: $28,740
  • Other Expense Description: on-site
  • Trash Expense: $14,669
  • Water Sewer Expense: $14,669
  • Supplies Expense: $5,805
  • Total Expenses: $297,587
Tax / Assessment Info
  • Tax Annual Amount: $127,009
  • Tax Tract Number: 1607
  • Tax Census Tract: 1898.01
  • CFD/Mello-Roos Fee: $4,507
  • Tax Lot: 8
Community / Development
Community / Development
  • Assessments YN: Yes
  • Assessments: Special Assessments
  • Community Features: Curbs, Gutters, Sidewalks
Property / Structure Info
Interior Features
  • Laundry: Yes
  • Laundry Features: Common Area
  • Laundry Equipment Own Lease: Lease
Exterior Features
  • Entry Location: 1
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
Land/Lot Info
  • Lot Features: Lot 20000-39999 Sqft
  • Number Of Units: 30
  • Land Lease: No
  • Land Lease Type: Fee
  • Levels: Two
  • Water: Public
  • Sewer: Public Sewer
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Assigned
  • Uncovered Spaces: 0
  • Open Other Spaces Total: 0
  • Parking Garage Spaces: 0
  • Carport Spaces: 30
  • Parking Features: Assigned
Unit Information
Unit 1
  • Unit Type Units Total: 20
  • Unit Type Beds Total: 1
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $1,942
  • Unit Type Total Rent: $38,843
  • Unit Type Pro Forma: 3250
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 8
  • Unit Type Beds Total: 2
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,300
  • Unit Type Total Rent: $18,640
  • Unit Type Pro Forma: 3995
  • Unit Type Type: 2
Unit 3
  • Unit Type Units Total: 2
  • Unit Type Beds Total: 3
  • Unit Type Baths Total: 2
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $2,675
  • Unit Type Total Rent: $5,350
  • Unit Type Pro Forma: 4495
  • Unit Type Type: 3
Unit Information
  • Rent Controlled: Yes
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 31
  • Number Of Separate Gas Meters: 31
  • Number Of Separate Water Meters: 1

Property History for 1633 North Laurel Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1633 North Laurel Avenue

Taxable ValueLand$694,589Additions$1,463,503Total$2,158,092
Tax Record2023$30,399 ($2,533 / month)
Home Facts
Total Finished SqFt29,283 SqFtAbove Grade Finished SqFt29,283 SqFtLot Size32,692 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningLAR3CountyLOS ANGELESAPN5551-016-021

Schools near 1633 North Laurel Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 8
Public - 9 to 12
Public - 9 to 12
Rating
School
Distance
Gardner Street Elementary School
PublicK to 5

Hubert Howe Bancroft Middle School
Public6 to 8

Hollywood Senior High School
Public9 to 12

Fairfax Senior High School
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1633 North Laurel Avenue is a multi-family home for sale in Los Angeles, CA 90046. This property was listed for sale on April 11, 2024 by Morgan Skenderian, it's currently listed at $10,900,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Gardner Street Elementary School, Hubert Howe Bancroft Middle School and Hollywood Senior High School. 1633 North Laurel Avenue is a 6-bed, 32-bath, 29,283 sqft multi-family home built in 1953.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Morgan Skenderian, Damien Breaux, DRE #01460301; Morgan Skenderian, Rick Applebaum, DRE #01273871

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.