
Los Angeles, California 90046
This 2-bedroom condominium represents a High-Potential Investment Opportunity, listed at a List Price of $599,000—positioned well below the $578,835 Fair Market Value by -3%. Featuring a Condition Rating of 4, the unit offers a stable foundation with recent HVAC upgrades, though it invites cosmetic modernization. Residents benefit from a serene garden setting, sparkling pool, and earthquake insurance. Located near top-rated schools like Gardner Street Elementary, this property is an ideal acquisition for Buy-and-Hold Investors or first-time buyers seeking a character-rich Hollywood lifestyle.
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 1615 N Laurel Avenue 203 Subject | $599,000* List Price | 2 | 1 | 911 | $635 | - |
A 1550 N Laurel Avenue 201 Sold | $744,000 | 2 | 2 | 1,103 | $675 | 0.1 mi |
B 1420 N Stanley Avenue 103 Sold | $605,000 | 2 | 2 | 938 | $645 | 0.6 mi |
C 1550 N Laurel Avenue 301 Active Under Contract | $651,500 List Price | 2 | 2 | 1,103 | $591 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Property is moderate renovation needed.
Built in 1953, the unit is well-maintained and move-in ready but dated. While it benefits from a recently installed central HVAC system and hardwood flooring, the kitchen features older cabinetry and appliances likely exceeding 20 years in age, and the overall aesthetic requires modernization to meet current market standards.
Situated in a highly desirable Hollywood pocket, the property offers immediate access to the vibrant dining and shopping districts of West Hollywood, Melrose Avenue, and The Grove.
As a rare top-floor unit in a character-rich building, it features bright, spacious interiors and the significant added value of newly installed central air conditioning.
Residents enjoy a serene, Spanish-style garden setting with water features, a sparkling pool, and the added financial security of earthquake insurance included in the dues.
The monthly HOA fee of approximately $749 is relatively high for this price point, which may impact the overall monthly affordability for some buyers.
With only one bathroom serving two bedrooms, the layout may be less convenient for co-living arrangements or families compared to more modern two-bath configurations.
Opportunity knocks! Amazing opportunity to live in one of the best locations and one of the best priced properties in the Hollywood area! You know you have arrived at a special property the moment you enter the Spanish tiled entrance into a beautiful garden setting with lush foliage, beautiful water features, sparkling swimming pool and plenty of seating areas in the garden to enjoy this special and serene setting! Properties in this beautiful building rarely come available until now! Even rarer is this top floor unit which features a bright and spacious living area with hardwood floors, nice size dining area also with hardwood flooring and is conveniently located adjacent to the bright and spacious kitchen that has plenty of cabinet and counter space! Both bedrooms with hardwood flooring are bright, spacious and have good closet space and the spacious full bathroom includes convenient tub and shower. This unit is also one of the few that has recently installed new central air conditioning ensuring a comfortable home during the warm Summer months! Also included is earthquake insurance ensuring peace of mind to protect your largest asset and convenient covered parking. With one of the most beautiful and character rich complexes in the area and an enviable location that is serene and peaceful yet just minutes to the best cafes, bars, restaurants and shopping districts of Hollywood, Melrose Ave, West Hollywood and the Grove on Fairfax Avenue, this is an opportunity not to be missed! Truly a home that one can enjoy an amazing lifestyle in one of the most iconic locations in Los Angeles! Call for an appointment now!
No exterior & parking available.
Grades K-6 • 0.7 mi
Grades 6-8 • 1.8 mi
Grades 9-12 • 1.2 mi
No sensitive facilities data found.
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 1.0 | 2.0 |
| Square foot | 911 | 1,219.385 |
| Lot Size | 30,565 | 27,236.074 |
| Price | $599.0K | $800.2K |
| Price per sq ft | $658 | $650 |
| Built year | 1953 | 1979 |
| HOA | $749.02 | $685 |
| Days on market | 23 | 72 |
Aug 17, 2026
$599,000
Initial Listing
Mar 7, 2003
$305,000
Public Record
May 8, 1996
$140,000
Public Record