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8639 Olin St, Los Angeles, CA 90034
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8639 Olin St Los Angeles, CA 90034

$2,100,000 Sold Price as of 07/11/2023
  • 6 Beds
  • 6 Baths
  • 3,600 Sq.Ft.
Sold
$2,100,000 Sold Price as of 07/11/2023 Refinance Your Mortgage
Map preview of 8639 Olin St, Los Angeles, CA 90034

Property Overview: 8639 Olin St Los Angeles, CA has 6 bedrooms, 6 bathrooms, 3,600 living square feet and 7,251 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Opportunity to purchase a pride of ownership 6 unit building adjacent to Culver City. 8639 Olin St. Los Angeles is a very-well maintained and low-maintenance six-unit apartment building in an area booming with new construction. The unit mix consists of: (Six) 1 Bed + 1 Bath units which have all been recently updated and remodeled with newer kitchens, bathrooms, flooring, dishwashers, and in-unit washer/dryer hookups. This pride of ownership property has low-water landscaping, has been recently painted, has 6 open parking spaces, and all units have outside patio or balcony area. The building is 3600SF and sits on a 7251SF lot. Minutes to Culver City's popular restaurants, fitness centers, theaters, Helms Bakery and Home Furnishing Shopping District, and the Expo Line. Lots of open space for ADU potential. Call for additional information.

Listed by Linda Light | BRE #00786737 | Coldwell Banker Residential Brokerage
Co-listed by Taylor Light | BRE #02084441 | Coldwell Banker Residential Brokerage
Last checked: 4 minutes ago | Last updated: July 13th, 2023 | Source CRMLS | DOM: 46

Home details

Lot Sq. Ft
7,251
HOA Dues
$0/mo
Year built
1949
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
23259635
City
Los Angeles
County
Los Angeles
Time on Site
346 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 6
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,175
  • Total Rent: $2,175
  • Pro Forma/Market Rent: $2,175
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $2,175
  • Total Rent: $2,175
  • Pro Forma/Market Rent: $2,175
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,708
  • Total Rent: $1,708
  • Pro Forma/Market Rent: $1,708
Unit Breakdown 4
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,985
  • Total Rent: $1,985
  • Pro Forma/Market Rent: $1,985
Unit Breakdown 5
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,985
  • Total Rent: $1,985
  • Pro Forma/Market Rent: $1,985
Unit Breakdown 6
  • # of Units: 1
  • # of Beds: 1
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $1,985
  • Total Rent: $1,985
  • Pro Forma/Market Rent: $1,985
Multi-Family Income/Expense Information
Property Income and Analysis
  • Cap Rate: 4.2%
  • Gross Rent Multiplier: 15.94
  • Gross Scheduled Income: --
  • Net Operating Income: $96,114
  • Gross Operating Income: $144,156
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 8639 Olin St

Interior Features
Heating Information
  • Has Heating
  • Wall Furnace
Laundry Information
  • Has Laundry
  • Stackable
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal
Interior Features
  • Ceiling Fan(s)
Lot Details / Garage and Parking
Parking/Garage Information
  • # of Parking Spaces: 6
  • Has Parking
  • Parking Features: Uncovered
Property Information
  • Total # of Units: 6
  • Parcel Number: 5065009007
Homeowners Association, Utilities, Taxes / Assessments
Homeowners Association
  • Is Not Part of Association
Location / Neighborhood
Location Information
  • Directions: North of Venice, West of La Cienega
View more facts & features

Local Los Angeles Agent

Sale History for 8639 Olin St

Last sold for $2,100,000 on July 11th, 2023

  • July, 2023

  • Jul 11, 2023

    Date

    Sold

    CRMLS: 23259635

    $2,100,000

    Price

  • Apr 25, 2023

    Date

    Active

    CRMLS: 23259635

    $2,498,000

    Price

  • November, 2012

  • Nov 2, 2012

    Date

    Sold (Public Records)

    Public Records

    $980,000

    Price

  • October, 2004

  • Oct 21, 2004

    Date

    Sold (Public Records)

    Public Records

    $710,000

    Price

Show More

Tax History for 8639 Olin St

Assessed Value (2020): $1,103,460
Year Land Value Improved Value Assessed Value
2020 $878,265 $225,195 $1,103,460

Home Value Compared to the Market

This property vs the competition

8639 Olin St sold on July 11, 2023 for 93.11% higher 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 $638.33 per/sqft which puts the price per square foot 15.45% lower than the current median sale per square foot for the city of Los Angeles.

About 8639 Olin St

Detailed summary of property

8639 Olin St is a multi family that recently sold in Los Angeles, CA 90034. This multi family property offered 6 bedrooms, 6 bathrooms, roughly 3,600 living square feet, and sits on an approximately 7,251 square foot lot. 8639 Olin St was first listed on ArdentRealEstateGroup.com on June 5, 2023. The homeowner sold the property for $2,100,000. 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 93.11% higher than the current median priced home. Local homes that are currently for sale include 6120 Packard St, 1132 S Wooster St and 1236 Hi Point St. While the average home in Los Angeles, CA is selling in 94 days, 8639 Olin St has a days on market of 46 days. There are currently 3654 homes for sale in the Los Angeles real estate market and 2456 of them are single family homes while 1102 of them are condos and 90 are townhomes. For more information on this home for sale at 8639 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 8639 Olin St

Public county record property details
Beds
6
Baths
6
Year built
1949
Sq. Ft.
3,600
Lot Size
7,250
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
17
APN
5065-009-007

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
$1,895,000
Median List Price/Sq.Ft.
$900
Median Sold Price
$2,079,000
Median Sold Price/Sq.Ft.
$899
Total Inventory
44
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%)

Thinking of Selling?

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Thinking of Selling?
Call, Text or Message
(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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