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 | $559,000* List Price | 2 | 2 | 1,103 | $468 | - |
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! This property will be offered at a live auction at THE PROPERTY SITE on Sunday, June 7, 2026 at 01:15 PM. Auction day registration will be from 12:30 PM to 01:15 PM. This Condominium built in 1962 features 2 bedrooms and 2 bathrooms, +/-1,103 Sq Ft of living space, APN: 5551-017-126. 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. The owner passed away on the Property. In order to bid on auction day, ALL BIDDERS MUST HAVE IN THEIR POSSESSION a cashier's check for $10,000 (MADE PAYABLE TO NDA INC.) AND a blank personal check for the balance of the required 10% deposit AND proof of funds (no exceptions). This Property is offered together with improvements thereon as is, where is, with no warranty expressed or implied. This sale is subject to court confirmation and overbid. The timing of the hearing is subject to the courts calendar approximately 2 months from the offer deadline date. After court confirmation there will be a 45-day escrow period. The Seller reserves the right to accept, counter or reject all offers. IN ALL CIRCUMSTANCES, THERE ARE NO FINANCING, APPRAISAL OR INSPECTION CONTINGENCIES. Estate of Richard Davisson.
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 | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 2.0 | 2.0 | 50% |
| Baths | 2.0 | 2.0 | 50% |
| Square foot | 1,103 | 1,036.5 | 55% |
| Lot Size | 12,754 | 22,018 | 20% |
| Price | $559.0K | $687.0K | 36% |
| Price per sq ft | $507 | $662 | 14% |
| Built year | 1962 | 1972 | 34% |
| HOA | $675.0 | $630 | 59% |
| Days on market | 16 | 148 | 2% |
May 21, 2026
$559,000
Initial Listing
Nov 12, 1999
$230,000
Public Record
Apr 2, 1996
$143,000
Public Record