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5809 W Olympic Blvd, Los Angeles, CA 90036
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5809 W Olympic Blvd Los Angeles, CA 90036

$1,540,000 Sold Price as of 06/17/2021
  • 8 Beds
  • 4 Baths
  • 4,616 Sq.Ft.
Sold
$1,540,000 Sold Price as of 06/17/2021 Refinance Your Mortgage
Map preview of 5809 W Olympic Blvd, Los Angeles, CA 90036

Property Overview: 5809 W Olympic Blvd Los Angeles, CA has 8 bedrooms, 4 bathrooms, 4,616 living square feet and 6,750 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Beautiful Miracle mile 4 unit building with long-term tenants. This is located in the heart of LA near shopping, dining and cultural and religious centers. Drive by only. In person viewing with accepted offer only (subject to interior inspection). All units 2 bed and 1 bath. Public records show more than 4600 sq ft of living space. Buyer to conduct own investigations and verifications. All units in good condition but few cosmetic upgrades could substantially increase the value. Major system upgrades include: Newer roof; new sewer line, new forced air furnaces; some new water heaters; new main electrical panels and circuit breakers (all required permits and receipts for work are available. Lots of room for upside on rents. Cannot deliver any units vacant. Click the virtual tour button to see video tour of all units or go here: https://fb.watch/46fKj6yLT8/

Listed by Lorenzo 'Nick' Cates | BRE #01761836 | Pacific Playa Realty
Last checked: 8 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 118

Home details

Lot Sq. Ft
6,750
HOA Dues
$0/mo
Year built
1948
Garage
5 Car
Property Type:
Multi Family
Status
Sold
MLS#
21677464
City
Los Angeles
County
Los Angeles
Time on Site
1300 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 4
  • Total # of Buildings: 1
  • # of Leased Units: 4
  • # of Electric Meters: 4
  • # of Gas Meters: 4
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,168
  • Total Rent: $1,168
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,168
  • Total Rent: $1,168
  • Pro Forma/Market Rent: $2,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,362
  • Total Rent: $1,362
  • Pro Forma/Market Rent: $2,600
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,477
  • Total Rent: $1,477
  • Pro Forma/Market Rent: $2,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 25
  • Gross Scheduled Income: --
  • Net Operating Income: $50,300
  • Gross Operating Income: $62,100
  • # of Rented Garages: 3
Annual Expense Breakdown
  • Total Operating Expense: --

Virtual Tour

Use the following link to view this property's virtual tour:

Property Details for 5809 W Olympic Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Forced Air, Central
Fireplace Information
  • Has Fireplace
  • Bath, Dining Room, Living Room, Kitchen
Room Information
  • Flooring: Carpet, Wood, Tile
  • Basement
Interior Features
  • Levels: Two
  • Security Features: Smoke Detector(s)
Exterior Features
Exterior Information
  • Roof: Composition
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
  • Has Parking
  • Parking Features: Garage - Two Door, Garage - Single Door, Assigned, Parking Space
Lot Information
  • Lot Size Source: Assessor
Property Information
  • No View
  • View: None
  • Total # of Units: 4
  • Parcel Number: 5089016042
  • Architectural Style: Contemporary
  • Foundation Details: Block
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Other
Location / Neighborhood
Location Information
  • Directions: West of Hauser. North of San Vicente
View more facts & features

Local Los Angeles Agent

Sale History for 5809 W Olympic Blvd

Last sold for $1,540,000 on June 17th, 2021

  • June, 2021

  • Jun 17, 2021

    Date

    Sold

    CRMLS: 21677464

    $1,540,000

    Price

  • Jun 10, 2021

    Date

    Pending

    CRMLS: 21677464

    $1,575,000

    Price

  • May 6, 2021

    Date

    Active Under Contract

    CRMLS: 21677464

    $1,575,000

    Price

  • Mar 8, 2021

    Date

    Price Change

    CRMLS: 21677464

    $1,575,000

    Price

  • Feb 27, 2021

    Date

    Hold

    CRMLS: 21677464

    $1,675,000

    Price

  • Feb 23, 2021

    Date

    Active Under Contract

    CRMLS: 21677464

    $1,675,000

    Price

  • Feb 2, 2021

    Date

    Price Change

    CRMLS: 21677464

    $1,675,000

    Price

  • Jan 13, 2021

    Date

    Coming Soon

    CRMLS: 21677464

    $1,875,000

    Price

Tax History for 5809 W Olympic Blvd

Assessed Value (2020): $443,874
Year Land Value Improved Value Assessed Value
2020 $131,854 $312,020 $443,874

Home Value Compared to the Market

This property vs the competition

5809 W Olympic Blvd sold on June 17, 2021 for 40.62% higher than the current median sold price for the city of Los Angeles which is $1,120,000. The median sold price per/sqft for Los Angeles is $724 and this home is sold at $341.2 per/sqft which puts the price per square foot 52.87% lower than the current median sale per square foot for the city of Los Angeles.

About 5809 W Olympic Blvd

Detailed summary of property

5809 W Olympic Blvd is a multi family that recently sold in Los Angeles, CA 90036. This multi family property offered 8 bedrooms, 4 bathrooms, roughly 4,616 living square feet, and sits on an approximately 6,750 square foot lot. 5809 W Olympic Blvd was first listed on ArdentRealEstateGroup.com on March 8, 2021. The homeowner sold the property for $1,540,000. Home in Los Angeles are selling for a median price of $1,120,000 and a median price per square foot of $724. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is sold 40.62% higher than the current median priced home. Local homes that are currently for sale include 1373 S Orange Dr, 1612 S Sierra Bonita Ave and 1379 S Orange Dr. While the average home in Los Angeles, CA is selling in 106 days, 5809 W Olympic Blvd has a days on market of 118 days. There are currently 4139 homes for sale in the Los Angeles real estate market and 2834 of them are single family homes while 1183 of them are condos and 115 are townhomes. For more information on this home for sale at 5809 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 5809 W Olympic Blvd

Public county record property details
Beds
6
Baths
4
Year built
1948
Sq. Ft.
4,616
Lot Size
6,750
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
72
APN
5089-016-042

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
$2,300,000
Median List Price/Sq.Ft.
$951
Median Sold Price
$1,675,000
Median Sold Price/Sq.Ft.
$754
Total Inventory
37
Median Sale to List Price %
95.71%
Avg Days on Market
31
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (0%), Other (0%)

Thinking of Selling?

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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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