1550 N Laurel Avenue 301, Los Angeles, California 90046, Los Angeles, 90046 - 2 bed, 2 bath
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Los Angeles, California 90046
This property presents a High-Potential Investment Opportunity with a List Price of $559,000—positioned well below the $516,333 Fair Market Value by -8%. As a probate sale in Fair Condition Rating, this 1962 architectural unit by Donald G. Park requires a full remodel, offering significant upside for forced appreciation. Featuring top-floor views, skylights, and a pool, the unit is located near top-rated schools like West Hollywood Elementary. This is a strategic acquisition ideal for Fix-and-Flip Investors or Owner-Occupants seeking to build equity through renovation.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1550 N Laurel Avenue 301 Subject | $651,500* List Price | 2 | 2 | 1,103 | $549 | - |
A 1525 N Hayworth Avenue 204 Active | $520,000 List Price | 1 | 2 | 1,092 | $476 | 0.0 mi |
* Subject property listed price vs sold prices of comps.
Property is extensive renovation needed.
Built in 1962 with no recorded renovations, the listing explicitly states the unit 'needs to be remodeled' and is a probate sale sold 'as-is.' At over 60 years old, the property requires a full rehab of the kitchen, baths, and likely original systems to meet modern standards.
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
This rare top-floor corner unit is located in a building designed by renowned architect Donald G. Park, offering superior privacy, bathroom skylights, and exceptional views.
Ideally situated moments from the Sunset Strip and West Hollywood, the property offers high desirability and proximity to premier shopping, dining, and entertainment.
The probate auction format prohibits financing, appraisal, or inspection contingencies, requiring buyers to have significant cash on hand and accept the property in as-is condition.
The sale is subject to court confirmation and a potential overbid process, which creates uncertainty and results in an extended timeline before the 45-day escrow can begin.
Probate Sale! ALL CASH SALE! Estate of Richard Davisson. This property is subject to confirmation and overbidding, the listing price is the minimum overbid, court date and time is September 8th 2026 at 8:30 am in Dept. 418 at 111 N Hill Street, Los Angeles CA 90012. In order to bid in court, no later than 1:00 PM one business day prior to the court date, the BUYER MUST DELIVER TO THE LISTING BROKER, ALL OF THE FOLLOWING: 1) Proof of Funds AND 2) a Cashier's Check for the amount of 10% of the listing price made payable to the ESTATE OF RICHARD DAVISSON. This 2 bed; 2 bath Condominium built in 1962 features +/-1,103 Sq Ft of living space, APN: 5551-017-126. The owner passed away on the Property. This home needs to be remodeled and will be a great opportunity for a buyer looking to make it their own. This rare top-floor corner unit with amazing views in a beautifully preserved 1960s architectural building designed by renowned architect Donald G. Park. This intimate 15-unit community features an elevator, sun-drenched pool, and EQ insurance. Each bathroom is highlighted by its own skylight. Ideally located just moments from the Sunset Strip, West Hollywood, the Hollywood Hills, and some of LA's best shopping, dining, and entertainment.The HOA is +/- $675 per month. The unit comes with a tandem parking space. This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied.
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades K-5 • 1.4 mi
Grades K-5 • 1.5 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,103 | 1,243 |
| Lot Size | 12,754 | 24,016 |
| Price | $651.5K | $805.6K |
| Price per sq ft | $591 | $659 |
| Built year | 1962 | 1981 |
| HOA | $675.0 | $684 |
| Days on market | 65 | 71 |
Jun 10, 2026
$651,500
$559,000
+17% Price Increase
Initial Listing
May 21, 2026
$559,000
Initial Listing
Nov 12, 1999
$230,000
Public Record
Apr 2, 1996
$143,000
Public Record