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6712 W Olympic Blvd, Los Angeles, CA 90048
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6712 W Olympic Blvd Los Angeles, CA 90048

$1,950,000 Sold Price as of 05/24/2023
  • 6 Beds
  • 5.5 Baths
  • 5,388 Sq.Ft.
Sold
$1,950,000 Sold Price as of 05/24/2023 Refinance Your Mortgage
Map preview of 6712 W Olympic Blvd, Los Angeles, CA 90048

Property Overview: 6712 W Olympic Blvd Los Angeles, CA has 6 bedrooms, 5.5 bathrooms, 5,388 living square feet and 7,342 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: 6712 W. Olympic Boulevard is a 5 Unit apartment property in the neighborhood of Carthay. The property is across the street from La Cienega Park, and borders the city of Beverly Hills. Consisting of (4) 1- Bedroom/1-Bathroom Units, and (1) 2-Bedroom/1.5-Bathroom Unit, residents enjoy garage parking and washer/dryer hookups (select units). Surrounded predominantly by single family homes and small apartment buildings, the thoroughfares in the area offer a number of large shopping centers and other retail options. With a WalkScore ® of 86, residents can also leave their cars at home and reach many amenities by foot.

Listed by Damien Breaux | BRE #01460301 | Morgan Skenderian
Co-listed by Jay Skenderian | BRE #01220368 | Morgan Skenderian
Last checked: 1 minute ago | Last updated: June 5th, 2023 | Source CRMLS | DOM: 34

Home details

Lot Sq. Ft
7,342
HOA Dues
$0/mo
Year built
1937
Garage
5 Car
Property Type:
Apartment
Status
Sold
MLS#
PW23038885
City
Los Angeles
County
Los Angeles
Time on Site
560 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 5
  • Total # of Buildings: 1
  • # of Electric Meters: 5
  • # of Gas Meters: 5
  • # of Water Meters: 1
Unit Breakdown 1
  • # of Units: 4
  • # of Beds: 1
  • # of Baths: 1
  • Garage Spaces: 4
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $8,237
  • Total Rent: $8,237
  • Pro Forma/Market Rent: $10,400
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 2
  • Garage Spaces: 1
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $3,084
  • Total Rent: $3,084
  • Pro Forma/Market Rent: $3,200
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4%
  • Gross Rent Multiplier: 15.39
  • Gross Scheduled Income: $136,790
  • Net Operating Income: $84,958
  • Gross Operating Income: --
  • Vacancy Allowance: $4,103
Annual Expense Breakdown
  • Total Operating Expense: $47,728
  • Electric: $0
  • Gas/Fuel: $0
  • Trash: $0
  • Insurance: $3,043
  • Professional Management: $4,878
  • Water/Sewer: $0

Property Details for 6712 W Olympic Blvd

Interior Features
Laundry Information
  • Has Laundry
  • Gas Dryer Hookup, Washer Hookup
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Garage Spaces: 5
  • # of Parking Spaces: 5
Lot Information
  • Lot Features: 2-5 Units/Acre
  • Lot Size Source: Assessor
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 1 Common Wall
  • Total # of Units: 5
  • Parcel Number: 5087001001
  • Year Built Source: Assessor
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: South of West Olympic and East of La Cienaga
Neighborhood Information
  • Community Features: Curbs, Sidewalks
View more facts & features

Local Los Angeles Agent

Sale History for 6712 W Olympic Blvd

Last sold for $1,950,000 on May 24th, 2023

  • May, 2023

  • May 24, 2023

    Date

    Sold

    CRMLS: PW23038885

    $1,950,000

    Price

  • Mar 8, 2023

    Date

    Active

    CRMLS: PW23038885

    $2,105,000

    Price

Tax History for 6712 W Olympic Blvd

Assessed Value (2020): $710,954
Year Land Value Improved Value Assessed Value
2020 $497,754 $213,200 $710,954

Home Value Compared to the Market

This property vs the competition

6712 W Olympic Blvd sold on May 24, 2023 for 87.95% 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 $390.68 per/sqft which puts the price per square foot 46.04% lower than the current median sale per square foot for the city of Los Angeles.

About 6712 W Olympic Blvd

Detailed summary of property

6712 W Olympic Blvd is a apartment that recently sold in Los Angeles, CA 90048. This apartment offered 6 bedrooms, 5.5 bathrooms, roughly 5,388 living square feet, and sits on an approximately 7,342 square foot lot. 6712 W Olympic Blvd was first listed on ArdentRealEstateGroup.com on March 8, 2023. The homeowner sold the property for $1,950,000. 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 87.95% higher than the current median priced home. Local homes that are currently for sale include 8607 Airdrome St, 6216 W 6th St and 8218 Blackburn Ave. While the average home in Los Angeles, CA is selling in 106 days, 6712 W Olympic Blvd has a days on market of 34 days. There are currently 4052 homes for sale in the Los Angeles real estate market and 2782 of them are single family homes while 1148 of them are condos and 116 are townhomes. For more information on this home for sale at 6712 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 6712 W Olympic Blvd

Public county record property details
Beds
6
Baths
6
Year built
1937
Sq. Ft.
5,388
Lot Size
7,341
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
5087-001-001

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
$2,395,000
Median List Price/Sq.Ft.
$1,000
Median Sold Price
$1,300,000
Median Sold Price/Sq.Ft.
$757
Total Inventory
138
Median Sale to List Price %
100.01%
Avg Days on Market
40
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (25%), 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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