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3100 W Olympic Blvd, Los Angeles, CA 90006
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3100 W Olympic Blvd Los Angeles, CA 90006

$6,000,000 Sold Price as of 12/18/2020
  • -- Beds
  • -- Baths
  • 9,545 Sq.Ft.
Sold
$6,000,000 Sold Price as of 12/18/2020 Refinance Your Mortgage
Map preview of 3100 W Olympic Blvd, Los Angeles, CA 90006

Property Overview: 3100 W Olympic Blvd Los Angeles, CA has -- bedrooms, -- bathrooms, 9,545 living square feet and 19,255 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Located in Prime Koreatown, this retail portfolio is composed of three separate buildings and two adjacent parking lots all being sold together. The buildings consist of 6 units totaling 9,545 in rentable sqft and a total aggregate lot size of 19,255 sqft. 3100 W Olympic Blvd is a single story, three-tenant building, built in 1925, that consists of two parcels situated on a high trafficked corner between W Olympic Blvd & S Kingsley Dr. The property has a 20 space parking lot. 3132 W Olympic Blvd consists of two separate buildings with a 9 space parking lot in between. The corner structure is a single-story, two-tenant building, built in 1947. The second structure is a two-story, owner / user building that was built in 1981 and will be delivered vacant. With a 7.3% Cap Rate this opportunity offers investors an ideal 1031-exchange, passive investment, or Owner-Partial User opportunity. The majority of tenants are responsible for most expenses and maintenance under the NNN lease.

Listed by David Weinberger | BRE #01349349 | Keller Williams Studio City
Co-listed by Philip Seymour | BRE #00630158 | Keller Williams Studio City
Last checked: 14 minutes ago | Last updated: June 6th, 2023 | Source CRMLS | DOM: 44

Home details

Lot Sq. Ft
19,255
HOA Dues
$0/mo
Year built
1925
Garage
--
Property Type:
Other
Status
Sold
MLS#
20655432
City
Los Angeles
County
Los Angeles
Time on Site
342 days
Property Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 3
Property Income/Expense Information
Property Income and Analysis
  • Cap Rate: 7.3%
  • Gross Rent Multiplier: --
  • Gross Scheduled Income: $468,348
  • Net Operating Income: $454,385
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 3100 W Olympic Blvd

Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 29
Lot Information
  • Lot Size Source: Appraiser
Property Information
  • Total # of Units: 6
  • Parcel Number: 5080025001
Location / Neighborhood
Location Information
  • Directions: 3100 W Olympic Blvd is on the corner of W Olympic Blvd & S Kingsley Dr. 3132 W Olympic Blvd is on the corner of W Olympic Blvd & Harvard Blvd
View more facts & features

Local Los Angeles Agent

Sale History for 3100 W Olympic Blvd

Last sold for $6,000,000 on December 18th, 2020

  • December, 2020

  • Dec 18, 2020

    Date

    Sold (Public Records)

    Public Records

    $6,000,000

    Price

  • December, 2020

  • Dec 18, 2020

    Date

    Sold

    CRMLS: 20655432

    $6,000,000

    Price

  • Nov 4, 2020

    Date

    Active

    CRMLS: 20655432

    $6,200,000

    Price

Show More

Tax History for 3100 W Olympic Blvd

Assessed Value (2020): $425,822
Year Land Value Improved Value Assessed Value
2020 $261,936 $163,886 $425,822

Home Value Compared to the Market

This property vs the competition

3100 W Olympic Blvd sold on December 18, 2020 for 421.01% higher than the current median sold price for the city of Los Angeles which is $1,190,000. The median sold price per/sqft for Los Angeles is $755 and this home is sold at $649.55 per/sqft which puts the price per square foot 13.97% lower than the current median sale per square foot for the city of Los Angeles.

About 3100 W Olympic Blvd

Detailed summary of property

3100 W Olympic Blvd is a other that recently sold in Los Angeles, CA 90006. This property offered -- bedrooms, -- bathrooms, roughly 9,545 living square feet, and sits on an approximately 19,255 square foot lot. 3100 W Olympic Blvd was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $6,000,000. Home in Los Angeles are selling for a median price of $1,190,000 and a median price per square foot of $755. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 421.01% higher than the current median priced home. Local homes that are currently for sale include 1628 Long Beach Blvd, 1600 Long Beach Blvd and 18732 Corby Ave. While the average home in Los Angeles, CA is selling in 93 days, 3100 W Olympic Blvd has a days on market of 44 days. There are currently 3618 homes for sale in the Los Angeles real estate market and 2437 of them are single family homes while 1084 of them are condos and 92 are townhomes. For more information on this home for sale at 3100 W Olympic Blvd Los Angeles, CA 90006 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 3100 W Olympic Blvd

Public county record property details
Beds
--
Baths
--
Year built
1925
Sq. Ft.
5,086
Lot Size
6,670
Stories
1
Type
Retail Stores ( Personal Services, Photography, Travel)
Pool
No
Spa
No
County
Los Angeles
Lot#
1,2
APN
5080-025-001

The source for these homes facts are from public records.

90006 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$799,000
Median List Price/Sq.Ft.
$611
Median Sold Price
$690,000
Median Sold Price/Sq.Ft.
$600
Total Inventory
37
Median Sale to List Price %
98.71%
Avg Days on Market
36
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (33.33%), Other (0%)

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Based on information from California Regional Multiple Listing Service, Inc. as of 2019. This information is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.

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