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6261 W Olympic Blvd

Los Angeles, CA 90048
  • $2,475,000
  • STATUS: Active
  • ON SITE: 104 Days
  • MLS #: 21-774042
UPDATED: 17 min ago
$2,475,000
  • 7
    BEDS
  • 0.12
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,990
    SQFT
  • $620
    $/SQFT
Type:
Multi-Family
Built:
1924
County:

School Ratings & Info

Description

1 or 2 OF 4 UNITS WILL BE DELIVERED REMODELLED AND VACANT. 6261 Olympic is a 4-unit Trophy Asset located in Carthay Circle just blocks from Beverly Hills and West Hollywood. The building is terrifically maintained and is perfectly suited for an investor that wants passive income with the option to choose their own tenants and not deal with any renovation headaches or for an Owner/User as the property comes delivered with One (1) or Two (2) remodeled vacant (2) Bedroom / (1) Bath units. The property features Four (4) residential units including three (3) Two-bedroom/one-bathroom units, and one (1) One-Bed/ One-bathroom units. All three two bedroom units have been updated with new floors, kitchen, stainless steel appliances, bathrooms, recessed lighting, central HVAC, copper plumbing and new electrical. There is also the option for the Buyer to add two (2) ADU in the rear increasing total unit count to six (6) and secure an additional $2,195 per month in rent. Located in a hot Beverly Hills adjacent pocket, this area is best known as a young and hip scene.

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Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T15:42:57.52. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
www.deserthouseseekers.com/homes/120594317
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6261 W Olympic Blvd Los Angeles, CA 90048

  • Price: $2,475,000
  • Status: Active
  • On Site: 104 Days
  • Updated: 17 min ago
  • MLS #: 21-774042
7
Beds
0
Baths
0
½ Baths
0.12
Acres
3,990
SQFT
$620
$/SQFT
1924
Built
Neighborhood:
Beverly Center-Miracle Mile
County:
Los Angeles
Area:
Beverly Center-Miracle Mile
Property Description
1 or 2 OF 4 UNITS WILL BE DELIVERED REMODELLED AND VACANT. 6261 Olympic is a 4-unit Trophy Asset located in Carthay Circle just blocks from Beverly Hills and West Hollywood. The building is terrifically maintained and is perfectly suited for an investor that wants passive income with the option to choose their own tenants and not deal with any renovation headaches or for an Owner/User as the property comes delivered with One (1) or Two (2) remodeled vacant (2) Bedroom / (1) Bath units. The property features Four (4) residential units including three (3) Two-bedroom/one-bathroom units, and one (1) One-Bed/ One-bathroom units. All three two bedroom units have been updated with new floors, kitchen, stainless steel appliances, bathrooms, recessed lighting, central HVAC, copper plumbing and new electrical. There is also the option for the Buyer to add two (2) ADU in the rear increasing total unit count to six (6) and secure an additional $2,195 per month in rent. Located in a hot Beverly Hills adjacent pocket, this area is best known as a young and hip scene.
Exterior Features

Covered Parking 3 Lot Size Area 5226 Other Structures Other Parking Garage Garage - 3 CarDriveway - Concrete Style Art Deco Total Parking 6

Interior Features

Baths Total 4.00 Cooling Air Conditioning Equipment DryerGarbage DisposalMicrowaveOtherRange/OvenRefrigeratorWasher Flooring LaminateStone TileTile Heating Central Laundry In Unit Laundry Equipment Own

Property Features

Assessed Total Value 1098937 Gross Income 130836 Gross Operating Income 130836 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Net Operating Income 93717.00 Number Of Buildings 1 Number Of Units 4 Owner Pays GardenerWater Property Condition Updated/Remodeled Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Tenant Pays Cable TvElectricityGas Total Annual Expense 37120 Type Of Units 4 Year Built Source Vendor Enhanced Zoning Lar3

Listing provided courtesy of Sasha Rahban DRE#01849286 of Saravita Properties Inc.


Based on information from the Combined LA/Westside Multiple Listing Service as of 2021-12-01T15:42:57.52. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
 
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