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    6261 W Olympic Blvd

    Los Angeles, CA 90048
    • $2,349,000
    • STATUS: Active
    • ON SITE: 84 days
    • ID#: 20-597460
    UPDATED: 89 min ago
    $2,349,000
    • 7
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 3,990
      SQFT
    • $589
      $/SQFT
    Type:
    Multi-Family
    Built:
    1924
    County:

    School Ratings & Info

    Description

    6261 W. Olympic Blvd., Los Angeles, CA 90048, a 4-unit Trophy Asset located in Los Angeles just blocks from Beverly Hills and West Hollywood. The building is well maintained and is perfectly suited for an investor that wants passive income without the headaches of constant vacancy and building issues or for an Owner/User as it comes delivered with One remodeled vacant (2) Bedroom/ (1) Bath 2nd floor unit.Composed of One (1) two-story building. The property features Four (4) residential units including three (3) Two-bedroom/one-bathroom units, and one (1) One-Bed/ One-bathroom units. Three of the 4 units have been updated with new floors, kitchen, bathroom, recessed lighting, HVAC, copper plumbing and new electrical.Located between Beverly Hills and Carthay Circle, this area is best known as a young and hip scene. There is the possibility for Buyer to add ADU or possibly even more units with R3 Zoning. Seller willing to assist in Buyer's closing 1031 exchange by July 15, 2020.

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    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-21T23:42:52.19. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
    www.randyplaice.com/homes/107349364
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    6261 W Olympic Blvd Los Angeles, CA 90048

    • Price: $2,349,000
    • Status: Active
    • Updated: 89 min ago
    • ID#: 20-597460
    7
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    3,990
    SQFT
    $589
    $/SQFT
    1924
    Built
    Neighborhood:
    Beverly Center-Miracle Mile
    County:
    Los Angeles
    Area:
    Beverly Center-Miracle Mile
    Property Description
    6261 W. Olympic Blvd., Los Angeles, CA 90048, a 4-unit Trophy Asset located in Los Angeles just blocks from Beverly Hills and West Hollywood. The building is well maintained and is perfectly suited for an investor that wants passive income without the headaches of constant vacancy and building issues or for an Owner/User as it comes delivered with One remodeled vacant (2) Bedroom/ (1) Bath 2nd floor unit.Composed of One (1) two-story building. The property features Four (4) residential units including three (3) Two-bedroom/one-bathroom units, and one (1) One-Bed/ One-bathroom units. Three of the 4 units have been updated with new floors, kitchen, bathroom, recessed lighting, HVAC, copper plumbing and new electrical.Located between Beverly Hills and Carthay Circle, this area is best known as a young and hip scene. There is the possibility for Buyer to add ADU or possibly even more units with R3 Zoning. Seller willing to assist in Buyer's closing 1031 exchange by July 15, 2020.
    Exterior Features

    Covered Parking 3 Garage Structures Total 1 Levels Top Level Lot Size Area 5222 Other Structures None Parking Garage CarportDriveway Pool Description None Pool YN No Spa None Spa YN No Tennis Court None Tennis YN No Total Parking 5 Water Frontage None

    Interior Features

    Bathroom Features Shower And Tub Baths Total 4.00 Cooking Appliances OvenMicrowave Cooling Air ConditioningCentral Equipment Built-InsCableDishwasherGarbage DisposalDryer Flooring HardwoodLaminateTile Heating Central Kitchen Features Granite CountersRemodeled Laundry In Unit

    Property Features

    Assessed Total Value 1035555 Gross Income 123684 Gross Operating Income 123684 Like Units1 1 Like Units2 2 Like Units3 3 Like Units4 4 Net Operating Income 87499.00 Number Of Buildings 1 Number Of Units 4 Property Condition Updated/Remodeled Sale Type Standard Source Living Area Vendor Enhanced Source Lot Size Area Vendor Enhanced Total Annual Expense 36185 Type Of Units 4 Units Year Built Source Vendor Enhanced Zoning Lar3

    Listing provided courtesy of Sasha Rahban DRE#01849286 of Saravita Properties Inc.


    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-09-21T23:42:52.19. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.
     
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