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5506 W Olympic Blvd, Los Angeles, CA 90036
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5506 W Olympic Blvd Los Angeles, CA 90036

$1,099,000
  • 2 Beds
  • 3 Baths
  • 1,474 Sq.Ft.
For Sale
$1,099,000 Get Pre-Qualified
Map preview of 5506 W Olympic Blvd, Los Angeles, CA 90036

Property Overview: 5506 W Olympic Blvd Los Angeles, CA has 2 bedrooms, 3 bathrooms, 1,474 living square feet and 1,543 square feet lot size. Call an Ardent Real Estate Group agent to verify current availability of this home or with any questions you may have.

Agent Remarks: Investment opportunity to purchase a newly constructed tri-level home. Tenant is on a month-to-month on a leased for $5,500.00/ per month. Property can be delivered vacant at close of escrow. Welcome to Maison 5, an exquisite collection of five brand new, individually titled Single Family Homes, each with its own APN, located in the heart of Los Angeles. Unit 5506 W Olympic is the 4th of the 5 with 2 bedrooms, 2.5 baths, and 1474 interior square feet. The home is currently occupied The area boasts iconic landmarks such as the art-deco-style Wilshire Ebell Theatre and the renowned Los Angeles County Museum of Art (LACMA), featuring a vast collection of art and artifacts from around the world. Mid-Wilshire is also a haven for food and shopping enthusiasts, with its plethora of restaurants, cafes, and boutiques catering to diverse tastes. From classic LA diners to trendy eateries and cozy coffee shops, Mid-Wilshire has something to offer everyone.

Listed by Stephany Chen | BRE #01939248 | Compass
Last checked: 5 seconds ago | Last updated: March 25th, 2024 | Source CRMLS | DOM: 286
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Home details

Lot Sq. Ft
1,543
HOA Dues
$142/mo
Year built
2023
Garage
--
Property Type:
Single Family Home
Status
Active
MLS#
23288512
City
Los Angeles
County
Los Angeles
Time on Site
295 days

Open Houses for 5506 W Olympic Blvd

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Property Details for 5506 W Olympic Blvd

Interior Features
Cooling Information
  • Has Cooling
  • Central Air
Heating Information
  • Has Heating
  • Central
Laundry Information
  • Has Laundry
  • Dryer Included, In Carport
Fireplace Information
  • No Fireplace
  • None
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Microwave
Bathroom Information
  • # of Baths (Full): 3
  • # of Baths (1/2): 0
  • # of Baths (1/4): 0
  • # of Baths (3/4): 0
Interior Features
  • Levels: Multi/Split, Three Or More
  • Security Features: Carbon Monoxide Detector(s)
Exterior Features
Exterior Information
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 2
  • Has Parking
  • Parking Features: Covered, Attached Carport
  • Has Attached Garage
Property Information
  • Has View
  • View: City Lights
  • Common Walls: No Common Walls
  • Parcel Number: 5085010026
  • Year Built Source: Assessor
  • Architectural Style: Contemporary
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Part of Association
  • Association Fee: $142 (Monthly)
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: Corner of Cochran Ave and West Olympic Blvd
View more facts & features

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Sale History for 5506 W Olympic Blvd

View property's historical transactions

  • September, 2023

  • Sep 1, 2023

    Date

    Canceled

    CRMLS: 23298861

    $4,980

    Price

  • Aug 8, 2023

    Date

    Active

    CRMLS: 23298861

    $5,200

    Price

  • Listing provided courtesy of CRMLS

    Welcome to Maison 5, an exquisite collection of five brand new, individually built Single Family Homes, each with its own APN, located in the heart of Los Angeles. The house features 2 bedrooms, 2.5 bathrooms, 1446 square feet of living space, and a 2-car tandem parking garage. Equipped with a tankless water heater, central heat, central air conditioner, and a smart home thermostat, this home has been designed to help save on energy costs. The second floor features an open-format kitchen and living room with a powder room, perfect for entertaining. The kitchen features Quartz countertops, stainless steel appliances, and a large island with seating for two. Both bedrooms are located on the 3rd floor. The master suite offers a generous walk-in closet with a private bathroom. The second bedroom offers a peek-a-boo balcony. Enjoy the natural light flooding each room, accentuating the high-end features of this modern masterpiece. Move-in Ready, this unit is perfect for you! All applicants must complete the following: A RentSpree application which includes a background check and credit score report, proof of income, and proof of savings enough to sustain a total of 6 months of rent

  • July, 2023

  • Jul 10, 2023

    Date

    Active

    CRMLS: 23288512

    $1,118,000

    Price

  • March, 2023

  • Mar 2, 2023

    Date

    Canceled

    CRMLS: AR22176343

    $1,118,000

    Price

  • Aug 10, 2022

    Date

    Active

    CRMLS: AR22176343

    $1,118,000

    Price

  • Listing provided courtesy of CRMLS

    BRAND NEW CONSTRUCTION! 5 UNITS ALL FOR SALE. This unit is 2 bedroom and 2.5 baths. Modern design! 1,474 sq feet. 2 car attached garage with laundry in the garage. Light and bright! tankless water heater, security system installed. Approx a mile from 3rd and Fairfax where there are lots of shops and restaurants. City living at it's best! Pictures are not necessarily this particular unit, but gives you an idea of the design inside the units.

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Tax History for 5506 W Olympic Blvd

Recent tax history for this property
Year Land Value Improved Value Assessed Value
The tax history for this property will expand as we gather information for this property.

Home Value Compared to the Market

This property vs the competition

5506 W Olympic Blvd is listed 11.08% lower than the median list price for the city of Los Angeles which has a median list price of $1,236,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $745.59 per/sqft which puts the price per square foot 3.55% lower than the median price per square foot for the city of Los Angeles.

About 5506 W Olympic Blvd

Detailed summary of property

5506 W Olympic Blvd is a single family home located in Los Angeles, CA 90036 and is currently for sale. This house offers 2 bedrooms, 3 bathrooms, roughly 1,474 living square feet, and sits on an approximately 1,543 square foot lot. 5506 W Olympic Blvd was first listed on ArdentRealEstateGroup.com on July 10, 2023. The homeowner is currently asking $1,099,000 and was originally asking $1,118,000. The median priced home in Los Angeles is $1,236,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 11.08% lower than the median priced home. Local competing homes currently for sale include 1714 S Marvin Ave, 4620 Pickford St and 1426 S Hayworth Ave #303. This home does have a Homeowners Association and the monthly fee is $142 per month. While the average home in Los Angeles, CA is selling in 96 days, 5506 W Olympic Blvd has a days on market of 286 days. There are currently 3487 homes for sale in the Los Angeles real estate market and 2373 of them are single family homes while 1015 of them are condos and 93 are townhomes. For more information on this home for sale at 5506 W Olympic Blvd Los Angeles, CA 90036 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5506 W Olympic Blvd

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
--
Lot Size
--
Stories
--
Type
--
Pool
--
Spa
--
County
--
Lot#
--
APN
--

The source for these homes facts are from public records.

90036 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,998,000
Median List Price/Sq.Ft.
$883
Median Sold Price
$742,090
Median Sold Price/Sq.Ft.
$783
Total Inventory
52
Median Sale to List Price %
99.08%
Avg Days on Market
35
Loan Type
Conventional (25%), FHA (0%), VA (0%), Cash (0%), Other (0%)

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Homes for Sale Near 5506 W Olympic Blvd

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Recently Sold Homes Near 5506 W Olympic Blvd

5500 W Olympic Blvd, Los Angeles, CA 90036
$930,000 Last Sold Price
2 Beds
3 Baths
1446 Sq.Ft.
5500 W Olympic Blvd
Los Angeles, CA 90036
5504 W Olympic Blvd, Los Angeles, CA 90036
$1,100,000 Last Sold Price
3 Beds
3 Baths
1755 Sq.Ft.
5504 W Olympic Blvd
Los Angeles, CA 90036
5508 W Olympic Blvd, Los Angeles, CA 90036
$1,250,000 Last Sold Price
2 Beds
3 Baths
1885 Sq.Ft.
5508 W Olympic Blvd
Los Angeles, CA 90036
1039 S Cochran Ave, Los Angeles, CA 90019
$2,805,000 Last Sold Price
5 Beds
4 Baths
3430 Sq.Ft.
1039 S Cochran Ave
Los Angeles, CA 90019

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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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