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5943 S Olive St, Los Angeles, CA 90003
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5943 S Olive St Los Angeles, CA 90003

$560,000 Sold Price as of 12/28/2020
  • 5 Beds
  • 2 Baths
  • 1,664 Sq.Ft.
Sold
$560,000 Sold Price as of 12/28/2020 Refinance Your Mortgage
Map preview of 5943 S Olive St, Los Angeles, CA 90003

Property Overview: 5943 S Olive St Los Angeles, CA has 5 bedrooms, 2 bathrooms, 1,664 living square feet and 5,207 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: This is an Excellent investment opportunity to own 2 houses on a lot. The front house offers 3 bedroom 1 bath, living room and dining room. The beautiful kitchen has oak wood cabinets rendering plenty of storage and there is a separate laundry room off the kitchen. There are ceiling fans in almost every room. The 2 bedroom and 1 bath unit has a living room, nice size kitchen with plenty of storage space and a bonus room that can accommodate a laundry room/pantry. There is a 2 car detached garage with shelving for storage and a separate uncovered carport area . These units are ideal for a seasoned investor or a first time investor. The front house will be delivered vacant. Please submit your offer subject to inspection along with the Approval Letter, DU and proof of funds. PLEASE DO NOT DISTURB OCCUPANTS.

Listed by Kenmoria Woodson | BRE #01238601 | Robert Pitts Estates
Last checked: 13 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 20

Home details

Lot Sq. Ft
5,207
HOA Dues
$0/mo
Year built
1927
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20655288
City
Los Angeles
County
Los Angeles
Time on Site
1215 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 2
  • Total # of Buildings: 2
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Total Rent: $2,400
  • Pro Forma/Market Rent: $2,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $800
  • Total Rent: $1,600
  • Pro Forma/Market Rent: $1,600
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 6.4
  • Gross Scheduled Income: --
  • Net Operating Income: $7,380
  • Gross Operating Income: $9,600
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 5943 S Olive St

Interior Features
Cooling Information
  • No Cooling
  • None
Laundry Information
  • Has Laundry
  • Inside, Individual Room
Fireplace Information
  • No Fireplace
  • None
Room Information
  • Flooring: Carpet
Kitchen Information
  • Has Appliances
  • Gas Cooktop, Convection Oven
Exterior Features
Exterior Information
  • Roof: Composition, Shingle
  • No Spa
  • Spa Features: None
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Detached Carport
Property Information
  • No View
  • View: None
  • Total # of Units: 2
  • Parcel Number: 6005005017
Location / Neighborhood
Location Information
  • Directions: South of Slauson, West of Broadway
View more facts & features

Local Los Angeles Agent

Sale History for 5943 S Olive St

Last sold for $560,000 on January 7th, 2021

  • January, 2021

  • Jan 22, 2021

    Date

    Sold

    CRMLS: 20655288

    $560,000

    Price

  • Nov 27, 2020

    Date

    Active Under Contract

    CRMLS: 20655288

    $599,999

    Price

  • Nov 10, 2020

    Date

    Price Change

    CRMLS: 20655288

    $599,999

    Price

  • Nov 5, 2020

    Date

    Active

    CRMLS: 20655288

    $675,000

    Price

  • January, 2021

  • Jan 7, 2021

    Date

    Sold (Public Records)

    Public Records

    $560,000

    Price

Show More

Tax History for 5943 S Olive St

Assessed Value (2020): $121,203
Year Land Value Improved Value Assessed Value
2020 $56,815 $64,388 $121,203

Home Value Compared to the Market

This property vs the competition

5943 S Olive St sold on December 28, 2020 for 49.58% lower 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 $360.58 per/sqft which puts the price per square foot 52.24% lower than the current median sale per square foot for the city of Los Angeles.

About 5943 S Olive St

Detailed summary of property

5943 S Olive St is a multi family that recently sold in Los Angeles, CA 90003. This multi family property offered 5 bedrooms, 2 bathrooms, roughly 1,664 living square feet, and sits on an approximately 5,207 square foot lot. 5943 S Olive St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $560,000. 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 49.58% lower than the current median priced home. Local homes that are currently for sale include 172 E 43rd ST, 907 E 50th St and 1510 W 53rd St. While the average home in Los Angeles, CA is selling in 93 days, 5943 S Olive St has a days on market of 20 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 5943 S Olive St Los Angeles, CA 90003 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 5943 S Olive St

Public county record property details
Beds
5
Baths
2
Year built
1927
Sq. Ft.
1,664
Lot Size
5,207
Stories
--
Type
Duplex (2 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1-2,7
APN
6005-005-017

The source for these homes facts are from public records.

90003 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$590,000
Median List Price/Sq.Ft.
$582
Median Sold Price
$540,000
Median Sold Price/Sq.Ft.
$534
Total Inventory
39
Median Sale to List Price %
100%
Avg Days on Market
66
Loan Type
Conventional (0%), FHA (66.67%), VA (0%), Cash (0%), Other (16.67%)

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(714) 706-1823

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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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