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8653 W Olympic Blvd, Los Angeles, CA 90035
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8653 W Olympic Blvd Los Angeles, CA 90035

$2,396,000 Sold Price as of 09/16/2020
  • 7 Beds
  • 4 Baths
  • -- Sq.Ft.
Sold
$2,396,000 Sold Price as of 09/16/2020 Refinance Your Mortgage
Map preview of 8653 W Olympic Blvd, Los Angeles, CA 90035

Property Overview: 8653 W Olympic Blvd Los Angeles, CA has 7 bedrooms, 4 bathrooms, -- living square feet and 6,316 square feet lot size. Call an Ardent Real Estate Group agent with any questions you may have.

Agent Remarks: Huge Price Reduction ~ Back on the market, Buyer couldn't perform. Incredible location, just 2 blocks outside of BH 90211, /w strong rental demand from families and young professionals. Highest income of any 3plex or 4plex on the market. The main unit will be delivered vacant COE proposing immediate rental increase or perfect for owner occupant to collect strong income from other 2 units. As you walk in, you're greeted by regal travertine stone flooring and crown molding all throughout. Light flows through the charming iron cast windows, filled with elegance and character of a 1939 Original Mediterranean Style Triplex featuring graceful archways, deep hardwood floors, oversized formal dining room, with tons of closet and storage space. All 3 units are in move-in condition. Phenomenal tenants who paid rent in full all throughout COVID. Do NOT miss out on this opportunity to own a cash-flowing & gorgeous 3plex in one of the most highly sought after markets in all of Los Angeles.

Listed by Alex Shin | BRE #02106720 | Keller Williams Downtown LA
Last checked: 1 minute ago | Last updated: January 25th, 2023 | Source CRMLS | DOM: 9

Home details

Lot Sq. Ft
6,316
HOA Dues
$0/mo
Year built
1939
Garage
--
Property Type:
Multi Family
Status
Sold
MLS#
20606680
City
Los Angeles
County
Los Angeles
Time on Site
1345 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 3
  • Total # of Buildings: 1
Unit Breakdown 1
  • # of Units: 1
  • # of Beds: 3
  • # of Baths: 2
  • Furnishing: Unfurnished
  • Actual Rent: $5,000
  • Total Rent: $5,000
  • Pro Forma/Market Rent: $6,500
Unit Breakdown 2
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,485
  • Total Rent: $3,485
  • Pro Forma/Market Rent: $3,500
Unit Breakdown 3
  • # of Units: 1
  • # of Beds: 2
  • # of Baths: 1
  • Furnishing: Unfurnished
  • Actual Rent: $3,213
  • Total Rent: $3,213
  • Pro Forma/Market Rent: $3,500
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 16.59
  • Gross Scheduled Income: --
  • Net Operating Income: $102,540
  • Gross Operating Income: $137,934
Annual Expense Breakdown
  • Total Operating Expense: --

Property Details for 8653 W Olympic Blvd

Interior Features
Room Information
  • Flooring: Wood
Kitchen Information
  • Has Appliances
  • Dishwasher, Disposal, Refrigerator
Interior Features
  • Crown Molding
  • Security Features: Gated Community, Smoke Detector(s), Fire and Smoke Detection System, Fire Sprinkler System
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Detached Carport
Property Information
  • Total # of Units: 3
  • Parcel Number: 4333021001
  • Architectural Style: Mediterranean
Location / Neighborhood
Location Information
  • Directions: In the epicenter of all things business and leisure, subject property is centrally located just 2 blocks outside of Beverly Hills 90211, half a mile north of Pico Blvd, couple miles east of the Beach, West Hollywood, and Mid-Wilshire.
View more facts & features

Local Los Angeles Agent

Sale History for 8653 W Olympic Blvd

Last sold for $2,396,000 on September 16th, 2020

  • January, 2023

  • Jan 25, 2023

    Date

    Expired

    CRMLS: 22213538

    $4,695

    Price

  • Oct 24, 2022

    Date

    Active

    CRMLS: 22213538

    $4,950

    Price

  • Listing provided courtesy of CRMLS

    Rent special! First month FREE! Welcome home to your spacious 3 bedroom, 2 bath. This property is full of charm and uniqueness. You have your own entrance and private yard. Security gate at the street as well as at the entrance of the unit. The living space has enough room for living room and a dining room + a decorative fireplace to beautify. To the right of the living room is the first bedroom and a kitchen. The kitchen has brand new cabinets, floors and new fan exhaust. Off the kitchen is a small mudroom and exit to the backyard. Lots of storage. In unit laundry is set in the closet on your way to the other 2 bedrooms. Bathrooms are new and fabulous. The master bathroom is a must see! Super tastefully done. Glass doors and stunning stones in the shower. The bedrooms get lost of light. In the backyard you have a charming common area on your way to your one car garage with more storage inside.

  • August, 2021

  • Aug 24, 2021

    Date

    Active

    CRMLS: 21765848

    $2,675,000

    Price

  • Aug 23, 2021

    Date

    Hold

    CRMLS: 21765848

    $2,675,000

    Price

  • Jul 27, 2021

    Date

    Active

    CRMLS: 21765848

    $2,675,000

    Price

  • Listing provided courtesy of CRMLS

    This low-maintenance triplex is located in the heart of the Pico/Robertson area of Los Angeles, consisting of (1) 3BED+2BATH 2,100SF Townhouse & (2) 2BED+1.5BATH 1,400SF +/- Apartments!!! All units have in-suite washer/dryers and hardwood floors throughout. Each unit has its own detached private 1-car garage. There is a common private hidden garden area. Each unit has its own address with private front and rear entrances. Walking distance to the signalized intersection of Robertson and Olympic blvd. Located centrally to Beverly Hills, Century City, Culver City, West Hollywood, Mid-Wilshire and the Miracle Mile. This property is definitely a pride of ownership!!!

  • September, 2020

  • Sep 17, 2020

    Date

    Sold

    CRMLS: 20606680

    $2,396,000

    Price

  • Jul 29, 2020

    Date

    Pending

    CRMLS: 20606680

    $2,355,000

    Price

  • Jul 23, 2020

    Date

    Price Change

    CRMLS: 20606680

    $2,355,000

    Price

  • Jul 20, 2020

    Date

    Active

    CRMLS: 20606680

    $2,360,000

    Price

  • September, 2020

  • Sep 16, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,396,000

    Price

  • July, 2020

  • Jul 15, 2020

    Date

    Canceled

    CRMLS: 19525294

    $2,650,000

    Price

  • Apr 30, 2020

    Date

    Active

    CRMLS: 19525294

    $2,650,000

    Price

  • Apr 30, 2020

    Date

    Expired

    CRMLS: 19525294

    $2,650,000

    Price

  • Jan 24, 2020

    Date

    Active

    CRMLS: 19525294

    $2,650,000

    Price

  • Jan 8, 2020

    Date

    Active Under Contract

    CRMLS: 19525294

    $2,650,000

    Price

  • Oct 30, 2019

    Date

    Active

    CRMLS: 19525294

    $2,650,000

    Price

  • Listing provided courtesy of CRMLS

    A stunning classic 1930's Mediterranean Triplex in the Beverly Center area of 90035. Gated entrance to all three units that are townhome style. A 3 bed/ 2 bath, the largest of the three, is 2500 sq. ft. and two other units are 2 bed/ 1.5 bath. Built 1939 and renovated in 2017. Large, bright living rooms with recessed lighting, Beautiful Crown Moulding, Rich Color Hardwood Floors, Upgraded Galley style Kitchens and separate laundry rooms. Central Air and Heating. Private Balcony for your relaxing moments.Large shared gated backyard for your enjoyment. Two parking spaces for each unit, 3 car garage and 3 uncovered parking spaces. This beautiful asset is conveniently located near transportation, shopping, dining and all the amenities Beverly Hills has to offer. R3 Zoning (TOC Tier III). Buyer to cooperate with seller's 1031 Exchange at no cost to buyer. Main unit of 2500 sq. ft. will be delivered vacant at close of COE.

  • January, 2019

  • Jan 1, 2019

    Date

    Expired

    CRMLS: 18393402

    $2,700,000

    Price

  • Dec 7, 2018

    Date

    Withdrawn

    CRMLS: 18393402

    $2,700,000

    Price

  • Nov 26, 2018

    Date

    Price Change

    CRMLS: 18393402

    $2,700,000

    Price

  • Nov 15, 2018

    Date

    Active

    CRMLS: 18393402

    $2,995,000

    Price

  • Nov 13, 2018

    Date

    Pending

    CRMLS: 18393402

    $2,995,000

    Price

  • Oct 4, 2018

    Date

    Active

    CRMLS: 18393402

    $2,995,000

    Price

  • Listing provided courtesy of CRMLS

    8653 Olympic features townhouse style units with large bright living rooms with recessed lighting, beautiful crown moldings, rich color hardwood flooring, upgraded kitchen, and separate laundry room and fireplace. Upstairs you will find a private master bedroom with a walk-in closet and bathroom. Units include a private balcony and a beautiful fireplace.HUGE PRICE REDUCTION SUBMIT ALL OFFERS

  • October, 2017

  • Oct 6, 2017

    Date

    Canceled

    CRMLS: 17268894

    $5,400

    Price

  • Sep 9, 2017

    Date

    Active

    CRMLS: 17268894

    $5,400

    Price

  • Listing provided courtesy of CRMLS

    Presenting this fabulous +/- 2,500 SqFt 3 bedroom 2 bathroom owner's unit in a gorgeous Mediterranean triplex on the corner of 940 S Bedford Street and Olympic. It has many upgrades, including granite counters, wood floors, recessed lighting, a beautiful spa master bathroom, a private patio and more. It is located in a high end area adjacent to Beverly Hills and walking distance to shops, restaurants, businesses and places of woship. Come see this unit and fill out an application before it's gone.

  • October, 2017

  • Oct 2, 2017

    Date

    Expired

    CRMLS: 17266770

    $3,200,000

    Price

  • Sep 3, 2017

    Date

    Active

    CRMLS: 17266770

    $3,200,000

    Price

  • Listing provided courtesy of CRMLS

    Presenting this gorgeous Mediterranean triplex on the corner of 940 S Bedford & 8653 W Olympic, and it is walking distance to everything! This is a +/-4,937 SqFt charming Mediterranean house with a +/- 2,500 SqFt 3 bed/ 2 bath vacant owners unit and two 2 bed / 2 bath rented units on a +/-6,316 SqFt lot, built in 1939 with R3 zoning. This building has been beautifully remodeled and has the feel of a high end home rather than an a triplex. It it located in a pride of ownership area, just steps from restaurants, businesses, shops, and places of worship. Below market rents offer upside in an area of high appreciation. This property would be perfect for someone looking to live in a stunning home while collecting rent from the other units. It would also be great for an investor looking for an apartment building in a great area with upside in rents and stable, predictable cash flow. With R3 zoning it also has development potential. This one will go fast! Email me now to make an offer

  • September, 2017

  • Sep 12, 2017

    Date

    Expired

    CRMLS: 17241062

    $5,400

    Price

  • Sep 10, 2017

    Date

    Withdrawn

    CRMLS: 17241062

    $5,400

    Price

  • Aug 5, 2017

    Date

    Price Change

    CRMLS: 17241062

    $5,400

    Price

  • Jul 6, 2017

    Date

    Price Change

    CRMLS: 17241062

    $5,650

    Price

  • Jun 13, 2017

    Date

    Active

    CRMLS: 17241062

    $5,850

    Price

  • Listing provided courtesy of CRMLS

    A stunning classic 1930's Mediterranean townhouse only a few blocks from Beverly Hills. This unit has been completely redone and ready to move in. This extremely expansive and elegant unit is more like a private home than a town house. Absolutely a must see!

  • December, 2012

  • Dec 24, 2012

    Date

    Sold (Public Records)

    Public Records

    --

    Price

Show More

Tax History for 8653 W Olympic Blvd

Assessed Value (2020): $2,281,596
Year Land Value Improved Value Assessed Value
2020 $1,910,174 $371,422 $2,281,596

Home Value Compared to the Market

This property vs the competition

8653 W Olympic Blvd sold on September 16, 2020 for 110.27% higher than the current median sold price for the city of Los Angeles which is $1,120,000.

About 8653 W Olympic Blvd

Detailed summary of property

8653 W Olympic Blvd is a multi family that recently sold in Los Angeles, CA 90035. This multi family property offered 7 bedrooms, 4 bathrooms, roughly -- living square feet, and sits on an approximately 6,316 square foot lot. 8653 W Olympic Blvd was first listed on ArdentRealEstateGroup.com on January 13, 2021. The homeowner sold the property for $2,396,000. 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 110.27% higher than the current median priced home. Local homes that are currently for sale include 1525 S Orange Grove Ave, 6327 Drexel Ave and 122 N Harper Ave. While the average home in Los Angeles, CA is selling in 106 days, 8653 W Olympic Blvd has a days on market of 9 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 8653 W Olympic Blvd Los Angeles, CA 90035 contact Ardent Real Estate Group and we will put you in touch with one of our Los Angeles agents.

Public Facts for 8653 W Olympic Blvd

Public county record property details
Beds
7
Baths
6
Year built
1939
Sq. Ft.
4,937
Lot Size
6,316
Stories
--
Type
Triplex (3 Units, Any Combination)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
4333-021-001

The source for these homes facts are from public records.

90035 Real Estate Sale History (Last 30 days)

Last 30 days of sale history and trends
Median List Price
$1,375,000
Median List Price/Sq.Ft.
$785
Median Sold Price
$1,699,500
Median Sold Price/Sq.Ft.
$747
Total Inventory
56
Median Sale to List Price %
97.17%
Avg Days on Market
30
Loan Type
Conventional (16.67%), FHA (0%), VA (0%), Cash (0%), Other (8.33%)

Thinking of Selling?

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(714) 706-1823

Homes for Sale Near 8653 W Olympic Blvd

Nearby Homes for Sale

Open Sat 2pm-5pm
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Recently Sold Homes Near 8653 W Olympic Blvd

931 S Sherbourne Dr, Los Angeles, CA 90035
$1,350,000 Last Sold Price
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3080 Sq.Ft.
931 S Sherbourne Dr
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1017 S Bedford St, Los Angeles, CA 90035
$3,030,000 Last Sold Price
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1000 S Sherbourne Dr, Los Angeles, CA 90035
$2,175,000 Last Sold Price
18 Beds
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1032 S Bedford St, Los Angeles, CA 90035
$2,710,000 Last Sold Price
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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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