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8701 Olin St, Los Angeles, CA 90034
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8701 Olin St Los Angeles, CA 90034

$3,085,000
  • 96 Beds
  • 96 Baths
  • 5,854 Sq.Ft.
For Sale
$3,085,000 Get Pre-Qualified
Map preview of 8701 Olin St, Los Angeles, CA 90034

Property Overview: 8701 Olin St Los Angeles, CA has 96 bedrooms, 96 bathrooms, 5,854 living square feet and 5,954 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: Corner of Corning and Olin, 8 units, 4 of which are fully renovated with recessed lighting, quartz counters, hw floors, with 30% upside in the other 4 unit rents. Upgraded over $200K into property recently. SS retrofit completed and compliant. Laundry room with owned machines, 6 covered parking stalls, Call LA for more information.

Listed by Justin White | BRE #01267826 | Justin White
Last checked: 3 minutes ago | Last updated: March 21st, 2024 | Source CRMLS | DOM: 33

Home details

Lot Sq. Ft
5,954
HOA Dues
$0/mo
Year built
1958
Garage
--
Property Type:
Apartment
Status
Active
MLS#
PW24056887
City
Los Angeles
County
Los Angeles
Time on Site
41 days
Multi-Family Unit Breakdown
Unit Mix Summary
  • Total # of Units: 8
  • Total # of Buildings: 1
  • # of Electric Meters: 8
  • # of Gas Meters: 0
  • # of Water Meters: 0
Unit Breakdown 1
  • # of Units: 8
  • # of Beds: 12
  • # of Baths: 12
  • Garage Spaces: 0
  • Garaged Attached? No
  • Furnishing: Unfurnished
  • Actual Rent: $16,172
  • Total Rent: $16,322
  • Pro Forma/Market Rent: $21,710
Multi-Family Income/Expense Information
Property Income and Analysis
  • Gross Rent Multiplier: 15.75
  • Gross Scheduled Income: $195,864
  • Net Operating Income: $111,701
  • Gross Operating Income: --
Annual Expense Breakdown
  • Total Operating Expense: $74,370
  • Electric: $0
  • Gas/Fuel: $0
  • New Taxes: $38,563
  • Trash: $3,549
  • Insurance: $3,765
  • Professional Management: $0
  • Water/Sewer: $0

Open Houses for 8701 Olin St

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Property Details for 8701 Olin St

Interior Features
Laundry Information
  • Has Laundry
  • See Remarks
Interior Features
  • Levels: Two
Exterior Features
Exterior Features
  • No Pool
  • Pool Features: None
Lot Details / Garage and Parking
Parking/Garage Information
  • Has Parking
  • Parking Features: Assigned
Lot Information
  • Lot Features: 0-1 Unit/Acre
  • Lot Size Source: Public Records
  • Common Interest: Community Apartment
Property Information
  • Common Walls: 2+ Common Walls
  • Total # of Units: 8
  • Year Built Source: Public Records
  • Entry Level: 1
  • Property is Attached
Homeowners Association, Utilities, Taxes / Assessments
Utilities Information
  • Sewer: Public Sewer
  • Water Source: Public
Location / Neighborhood
Location Information
  • Directions: Between Venice Blvd and 10 Fwy, corner of Olin and Corning
Neighborhood Information
  • Community Features: Curbs
View more facts & features

Local Los Angeles Agent

Sale History for 8701 Olin St

Last sold for $2,410,000 on July 30th, 2020

  • March, 2024

  • Mar 21, 2024

    Date

    Active

    CRMLS: PW24056887

    $3,085,000

    Price

  • July, 2020

  • Jul 30, 2020

    Date

    Sold (Public Records)

    Public Records

    $2,410,000

    Price

  • September, 2015

  • Sep 1, 2015

    Date

    Sold (Public Records)

    Public Records

    $2,149,000

    Price

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Tax History for 8701 Olin St

Assessed Value (2020): $2,328,670
Year Land Value Improved Value Assessed Value
2020 $1,627,977 $700,693 $2,328,670

Home Value Compared to the Market

This property vs the competition

8701 Olin St is listed 151.84% higher than the median list price for the city of Los Angeles which has a median list price of $1,225,000. The median price per/sqft for Los Angeles is $774 and this home is listed at $526.99 per/sqft which puts the price per square foot 31.91% lower than the median price per square foot for the city of Los Angeles.

About 8701 Olin St

Detailed summary of property

8701 Olin St is a apartment located in Los Angeles, CA 90034 and is currently for sale. This apartment offers 96 bedrooms, 96 bathrooms, roughly 5,854 living square feet, and sits on an approximately 5,954 square foot lot. 8701 Olin St was first listed on ArdentRealEstateGroup.com on March 21, 2024. The homeowner is currently asking $3,085,000. The median priced home in Los Angeles is $1,225,000 with a median price per square foot of $774. Based on Ardent Real Estate Group's Los Angeles Market Data, this home is listed 151.84% higher than the median priced home. Local competing homes currently for sale include 2525 Hauser Blvd, 2301 Hauser Blvd and 1170 S Robertson Blvd. While the average home in Los Angeles, CA is selling in 96 days, 8701 Olin St has a days on market of 33 days. There are currently 3485 homes for sale in the Los Angeles real estate market and 2372 of them are single family homes while 1013 of them are condos and 94 are townhomes. For more information on this home for sale at 8701 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 8701 Olin St

Public county record property details
Beds
12
Baths
8
Year built
1958
Sq. Ft.
5,854
Lot Size
5,954
Stories
--
Type
Apartment House (5+ Units)
Pool
No
Spa
No
County
Los Angeles
Lot#
1
APN
4312-003-036

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.
$932
Median Sold Price
$1,785,000
Median Sold Price/Sq.Ft.
$1,017
Total Inventory
45
Median Sale to List Price %
99.17%
Avg Days on Market
18
Loan Type
Conventional (0%), FHA (0%), VA (0%), Cash (7.69%), Other (7.69%)

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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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