6706 W Olympic Blvd, Los Angeles, CA 90048
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6706 W Olympic Blvd Los Angeles, CA 90048

$2,250,000
  • 6 Beds
  • 5 Baths
  • 5,388 Sq.Ft.
For Sale
$2,250,000 Get Pre-Qualified

Map preview of 6706 W Olympic Blvd, Los Angeles, CA 90048

Property Overview: 6706 W Olympic Blvd Los Angeles, CA has 6 bedrooms, 5 bathrooms, 5,388 living square feet and 7,416 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: Charming five unit, Spanish, residential income property across the street from La Cienega Park and in close proximity to Beverly Hills. The building offers four spacious 1 bedroom/1 bath units in addition to a 2 bedroom/1.5 bath townhome unit with a very large primary bedroom and a graceful stairway. All units boast large living rooms, dining rooms and hardwood floors. Great curb appeal, character and location converge in one of L.A.'s most historic residential neighborhoods, South Carthay.

Listed by Shlomo Seidenfeld | BRE #01248572 | Nourmand & Associates-BH
Last checked: 1 second ago | Last updated: June 12th, 2024 | Source CRMLS | DOM: 43
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Call/Text (714) 706-1823

Home details

Lot Sq. Ft
7,416
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Multi Family
Status
Active
MLS#
24389063
City
Los Angeles
County
Los Angeles
Time on Site
44 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,100
  • Total Rent: $2,100
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,000
  • Total Rent: $2,000
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,663
  • Total Rent: $1,663
  • Pro Forma/Market Rent: $2,700
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,340
  • Total Rent: $2,340
  • Pro Forma/Market Rent: $3,300
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 18.3
  • Gross Scheduled Income: --
  • Net Operating Income: $101,351
  • Gross Operating Income: $122,431
Annual Expense Breakdown
  • Total Operating Expense: --

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Property Details for 6706 W Olympic Blvd

Interior Features
Cooling Information
  • No Cooling
  • None
Heating Information
  • Has Heating
  • Gravity
Room Information
  • Flooring: Wood, Tile
Kitchen Information
  • Has Appliances
  • Refrigerator
Interior Features
  • Levels: Two
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 5
Property Information
  • Total # of Units: 5
  • Parcel Number: 5087001002
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Assessment Information
  • No Assessments
Location / Neighborhood
Location Information
  • Directions: East of La Cienega
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Sale History for 6706 W Olympic Blvd

Last sold on October 23rd, 1989
  • June, 2024

  • Jun 4, 2024

    Date

    Active

    CRMLS: 24389063

    $2,250,000

    Price

  • October, 1989

  • Oct 23, 1989

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • March, 1971

  • Mar 11, 1971

    Date

    Sold (Public Records)

    Public Records

    --

    Price

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Tax History for 6706 W Olympic Blvd

Assessed Value (2020): $134,676
Year Land Value Improved Value Assessed Value
2020 $71,261 $63,415 $134,676

Home Value Compared to the Market

This property vs the competition

6706 W Olympic Blvd is listed 87.5% higher than the median list price for the city of Los Angeles which has a median list price of $1,200,000. The median price per/sqft for Los Angeles is $773 and this home is listed at $417.59 per/sqft which puts the price per square foot 45.98% lower than the median price per square foot for the city of Los Angeles.

About 6706 W Olympic Blvd

Detailed summary of property

6706 W Olympic Blvd is a multi family located in Los Angeles, CA 90048 and is currently for sale. This multi family property offers 6 bedrooms, 5 bathrooms, roughly 5,388 living square feet, and sits on an approximately 7,416 square foot lot. 6706 W Olympic Blvd was first listed on ArdentRealEstateGroup.com on June 4, 2024. The homeowner is currently asking $2,250,000. The median priced home in Los Angeles is $1,200,000 with a median price per square foot of $773. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 87.5% higher than the median priced home. Local competing homes currently for sale include 1118 Hi Point St, 1141 S Hayworth Ave and 1236 Hi Point St. While the average home in Los Angeles, CA is selling in 101 days, 6706 W Olympic Blvd has a days on market of 43 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2723 of them are single family homes while 1208 of them are condos and 114 are townhomes. For more information on this home for sale at 6706 W Olympic Blvd Los Angeles, CA 90048 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 6706 W Olympic Blvd

Public county record property details
Beds
--
Baths
--
Year built
--
Sq. Ft.
5,388
Lot Size
7,413
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
2
APN
5087-001-002

The source for these homes facts are from public records.

90048 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$2,550,000
Median List Price/Sq.Ft.
$1,024
Median Sold Price
$1,975,000
Median Sold Price/Sq.Ft.
$933
Total Inventory
131
Median Sale to List Price %
100%
Avg Days on Market
52
Loan Type
Conventional (8.33%), FHA (0%), VA (0%), Cash (16.67%), Other (0%)

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Related Resources to 6706 W Olympic Blvd

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.