321 N Laurel Avenue, Los Angeles, California 90048, Los Angeles, 90048 - 4 bed, 5 bath
321 N Laurel Avenue
Los Angeles, California 90048
Property Price
SUMMARY
Analysis of 321 N Laurel Avenue, Los Angeles, California 90048 reveals a property with a current list price of $2,998,000, which is 3% above the estimated $2,887,254 Fair Market Value. Buyers should carefully evaluate the pricing and consider negotiation opportunities. The property maintains a Excellent Condition Rating (95/100), indicating excellent structural integrity and modern finishes throughout. This turnkey property requires minimal updates and is ready for immediate occupancy. Located in a high-demand neighborhood within the Los Angeles Unified School District, this asset is categorized as a low-risk, high-reward acquisition suitable for both Buy-and-Hold Investors and Owner-Occupants willing to undertake light renovation work.
Estimated Market Value
Comparable Sales Map
Comparables within 1 miles sold in recently
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 321 N Laurel Avenue Subject | $2,998,000* List Price | 4 | 5 | 2,400 | $1,203 | - |
A 6206 Lindenhurst Avenue Sold | $2,643,250 | 5 | 6 | 2,450 | $1,079 | 0.8 mi |
B 6370 Drexel Avenue Sold | $2,950,000 | 4 | 5 | 2,841 | $1,038 | 0.6 mi |
C 6319 Colgate Avenue Sold | $2,893,800 | 5 | 5 | 2,983 | $970 | 0.5 mi |
D 6430 Maryland Drive Sold | $2,460,000 | 3 | 3 | 2,171 | $1,133 | 0.7 mi |
E 425 N Croft Avenue Sold | $2,495,000 | 4 | 3 | 0.6 mi | ||
F 458 N Croft Avenue Sold | $3,430,000 | 4 | 4 | 2,533 | $1,354 | 0.5 mi |
G 455 N Crescent Heights Boulevard Active | $3,400,000 List Price | 4 | 5 | 2,473 | $1,375 | 0.2 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
OVERALL CONDITION SCORE
Property is new construction or fully renovated.
Despite being built in 1927, this property has undergone an 'exquisite remodel' as described, which is clearly evident in the images. The kitchen is a 'culinary dream' with Miele appliances, custom cabinetry, and a sleek, modern design. Bathrooms feature contemporary vanities, tiling, and fixtures. Hardwood floors, modern light fixtures, and smart home systems are present throughout. All components appear new or virtually new, meeting current quality standards with no deferred maintenance, aligning perfectly with an 'excellent' condition score due to extensive recent renovation.
PROSSTRENGTHS & OPPORTUNITIES
- Great Schools
Elementary School: West Hollywood Elementary School (9/10). High School: Beverly Hills High School (9/10).
- Prime Location & Accessibility
Nestled on a picturesque tree-lined street just west of Fairfax, the property boasts a prime location moments from Melrose Avenue's high-end boutiques, The Grove, and the iconic Farmers Market.
- Exquisite Remodel & Architectural Charm
This exquisitely remodeled Spanish-style bungalow seamlessly blends classic charm with contemporary sophistication, featuring carefully curated details throughout.
CONSRISKS & DEFICIENCIES
- Lack of Mentioned Cooling System
The property description does not specify the presence of a cooling system (e.g., central air conditioning), which could be a significant comfort concern in Los Angeles' climate.
- Above Estimated Market Value
The current list price of $2.998M is higher than the estimated market value of $2.86M, potentially indicating a slight overpricing or requiring negotiation.
- No Significant Views
The property explicitly states 'view: None', which can be a drawback for a luxury residence in Los Angeles where desirable views often command a premium.
About 321 N Laurel Avenue
Nestled on a picturesque tree-lined street just west of Fairfax, this exquisitely remodeled Spanish-style bungalow seamlessly blends classic charm with contemporary sophistication. The main residence offers three bedrooms and three and a half bathrooms, complemented by a separate Guest House complete with its own bathroom and kitchenette ideal for guests or additional living space. Designed for both beauty and functionality, the chef's kitchen is a culinary dream, featuring Miele appliances, abundant counter space, and custom cabinetry to meet all your cooking and storage needs. The expansive entertainer's backyard is an oasis of relaxation, boasting a pool, spa, and thoughtfully designed outdoor spaces perfect for gatherings. Every detail of this Spanish masterpiece has been carefully curated, from its state-of-the-art smart systems with remote access to a centralized music system with built-in speakers throughout. Offering ultimate privacy and a prime location, this home is just moments from Melrose Avenue's high-end boutiques and restaurants, The Grove, and the iconic Farmers Market. A rare blend of timeless architecture and modern luxury this is Los Angeles living at its finest.
Property Details
Public Facts
- Property Type
- Single Family Residence
- Year Built
- 1927
- Lot Size
- 6,559 Sq. Ft.
Interior
- Total Bedrooms
- 4
- Total Bathrooms
- 5 (5 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Hancock Park Elementary School
Grades K-5 • 0.5 mi
Rosewood Avenue Elementary School, School for Advanced Studies
Grades K-6 • 0.6 mi
Carthay Center Elementary
Grades K-5 • 1.3 mi
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home | Neighborhood Ranking (50 Listings) |
|---|---|---|---|
| Beds | 4.0 | 4.0 | 50% |
| Baths | 5.0 | 3.0 | 66% |
| Square foot | 2,400 | 2,336 | 53% |
| Lot Size | 6,559 | 6,182 | 79% |
| Price | $3.00M | $2.64M | 60% |
| Price per sq ft | $1.2K | $1.1K | 74% |
| Built year | 1927 | 1929 | 43% |
| HOA | $0 | $0 | 50% |
| Days on market | 302 | 176 | 92% |
Pricing History
Listed for Sale
Oct 7, 2025
$2,998,000
Initial Listing
Price Change
May 8, 2025
$3,250,000
Initial Listing
Sold
Mar 18, 2021
$2,815,000
Public Record
Sold
Oct 16, 2019
$1,700,000
Public Record
Sold
May 14, 1997
$406,000
Public Record