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8620 Olin St, Los Angeles, CA 90034
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8620 Olin St Los Angeles, CA 90034

$2,150,000 Sold Price as of 08/23/2019
  • -- Beds
  • -- Baths
  • -- Sq.Ft.
Sold
$2,150,000 Sold Price as of 08/23/2019 Refinance Your Mortgage
Map preview of 8620 Olin St, Los Angeles, CA 90034

Property Overview: 8620 Olin St Los Angeles, CA has -- bedrooms, -- bathrooms, -- living square feet and 8,253 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Approved project for 5 new small lot SFRs. Potential $7mm+ in finished value once built. Delivered RTI, start construction right away. Olin 5 represents a rare opportunity to build new, high-end for-sale housing in a submarket that rarely sees this type of product built due to land supply being so constrained. Thus, when a project does become available, it sells quickly and for a premium, as evidenced by the Row 8/Cattaraugus project (just south of the subject site) which sold out within weeks for homes mostly in the $700/ft range. This project is located just adjacent (south of the 10 freeway) to the prime area of the Culver City’s Arts District which not only has an abundance of retail options, but is fastly becoming an entertainment hub that rival Hollywood’s Media District. Apple’s original content division is in ramp-up mode and taking 128,000 sf at the old Surfas Culinary District site, Amazon Studios is leasing 75,000 sf at Culver & Washington, and Culver Studios is undertaking a 413,000 sf expansion. This area has become an extension of Silicon Beach, as ±1.5 MM sf of creative office/commercial is planned or under construction. Recently Announced: Both Amazon & Apple are leasing 2nd buildings for their operations in the area.

Listed by Bryant Brislin | BRE #01877964 | The Hoffman Company
Last checked: 4 minutes ago | Last updated: March 22nd, 2022 | Source CRMLS | DOM: 64

Home details

Lot Sq. Ft
8,253
HOA Dues
$0/mo
Year built
--
Garage
--
Property Type:
Land
Status
Sold
MLS#
OC19048329
City
Los Angeles
County
Los Angeles
Time on Site
1223 days

Property Details for 8620 Olin St

Lot Details / Garage and Parking
Lot Information
  • Lot Features: Level with Street, Rectangular Lot, Level
  • Lot Size Source: Assessor
Property Information
  • Has View
  • View: City Lights
  • Parcel Number: 5065008009
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Utilities Information
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Just south of the 10 freeway, take Venice Blvd and turn west onto Olin Street
Neighborhood Information
  • Community Features: Curbs, Storm Drains, Street Lights, Urban
View more facts & features

Local Los Angeles Agent

Sale History for 8620 Olin St

Last sold for $2,100,000 on August 23rd, 2019

  • August, 2019

  • Aug 26, 2019

    Date

    Sold

    CRMLS: OC19048329

    $2,150,000

    Price

  • May 10, 2019

    Date

    Pending

    CRMLS: OC19048329

    $2,400,000

    Price

  • Mar 20, 2019

    Date

    Active

    CRMLS: OC19048329

    $2,400,000

    Price

  • Mar 19, 2019

    Date

    Pending

    CRMLS: OC19048329

    $2,400,000

    Price

  • Mar 5, 2019

    Date

    Price Change

    CRMLS: OC19048329

    $2,400,000

    Price

  • Mar 4, 2019

    Date

    Active

    CRMLS: OC19048329

    $3,400,000

    Price

  • August, 2019

  • Aug 23, 2019

    Date

    Sold (Public Records)

    Public Records

    $2,100,000

    Price

  • November, 2018

  • Nov 16, 2018

    Date

    Expired

    CRMLS: OC18228905

    $2,250,000

    Price

  • Sep 19, 2018

    Date

    Active

    CRMLS: OC18228905

    $2,250,000

    Price

  • Listing provided courtesy of CRMLS

    Olin 5 represents a rare opportunity to build new, high-end for-sale housing in a submarket that rarely sees this type of product built due to land supply being so constrained. Thus, when a project does become available, it sells quickly and for a premium, as evidenced by the Row 8/Cattaraugus project which sold out within weeks for homes mostly in the $700/ft range. This westerly area of Los Angeles is immediately adjacent to the prime area of Culver City’s Arts District which not only has an abundance of retail options, but is fastly becoming an entertainment hub to rival Hollywood’s Media District. Apple’s original content division is in ramp-up mode and taking 128,000 sf at the old Surfas Culinary District site, Amazon Studios is leasing 75,000 sf at Culver & Washington, and Culver Studios is undertaking a 413,000 sf expansion. This area has become an extension of Silicon Beach, as +/- 1.5 MM sf of creative office/commercial is planned or under construction.

  • October, 2017

  • Oct 27, 2017

    Date

    Sold (Public Records)

    Public Records

    --

    Price

  • September, 2017

  • Sep 22, 2017

    Date

    Sold

    CRMLS: 17259290

    $1,108,100

    Price

  • Sep 7, 2017

    Date

    Pending

    CRMLS: 17259290

    $1,100,000

    Price

  • Aug 21, 2017

    Date

    Active Under Contract

    CRMLS: 17259290

    $1,100,000

    Price

  • Aug 12, 2017

    Date

    Active

    CRMLS: 17259290

    $1,100,000

    Price

  • Listing provided courtesy of CRMLS

    Unique opportunity for an investor or owner/user, this Helms Bakery District 4Plex consists of one bed one bath tenant occupied units with a detached 4 car garage on a large lot (over 8,200 sq. ft.). Units feature: hardwood flooring, full kitchens with dining area that flows to service porch with washer/dryer hookups, water heater then rear exit. Across from Father's Office and the Helms Bakery complex and just down the road from Trader Joe's, Sony and trendy downtown Culver City. Walk Score is 85! Mature fruit trees (avocado, fig, orange) and plenty of room for parking and potential expansion. There is significant upside in rents for the savvy investor to strategically leverage. Desirable central location: close proximity to Kaiser, Cedars, Beverly Hills and Culver City by street and Downtown LA and Santa Monica via nearby 10 Freeway or Palms/Culver City Expo stations.

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Tax History for 8620 Olin St

Assessed Value (2020): --
Year Land Value Improved Value Assessed Value
2020 $2,100,000 -- --

Home Value Compared to the Market

This property vs the competition

8620 Olin St sold on August 23, 2019 for 101.68% higher than the current median sold price for the city of Los Angeles which is $1,190,000.

About 8620 Olin St

Detailed summary of property

8620 Olin St is a land that recently sold in Los Angeles, CA 90034. This land offered -- bedrooms, -- bathrooms, roughly -- living square feet, and sits on an approximately 8,253 square foot lot. 8620 Olin St was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,150,000. 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 101.68% higher than the current median priced home. Local homes that are currently for sale include 757 Cole Ave, 643 N Rossmore Ave and 2051 S La Salle Ave. While the average home in Los Angeles, CA is selling in 92 days, 8620 Olin St has a days on market of 64 days. There are currently 3712 homes for sale in the Los Angeles real estate market and 2493 of them are single family homes while 1120 of them are condos and 93 are townhomes. For more information on this home for sale at 8620 Olin St Los Angeles, CA 90034 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8620 Olin St

Public county record property details
Beds
4
Baths
4
Year built
1940
Sq. Ft.
2,400
Lot Size
8,296
Stories
--
Type
Quadruplex (4 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
8
APN
5065-008-009

The source for these homes facts are from public records.

90034 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,899,000
Median List Price/Sq.Ft.
$925
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
42
Median Sale to List Price %
100%
Avg Days on Market
27
Loan Type
Conventional (0%), FHA (0%), VA (5.88%), Cash (5.88%), Other (11.76%)

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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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