4611 East Olympic Boulevard
Description
4601 E. Olympic Blvd. - This corner lot is situated on a bustling thoroughfare, offering immense potential for various development opportunities. Currently, the property features 3 retail units and an open-air lot adjacent to the building. These structures present an excellent foundation for enhancing the existing businesses or embarking on new ventures that would benefit the vibrant surrounding neighborhood. As an added bonus, the property generates additional income through a strategically placed billboard. Conveniently located near major freeways, this property provides quick access to downtown Los Angeles, making it an attractive investment for both local and commuter-focused enterprises. The property’s at 4601 E. Olympic (PW23019001) and 4611 E. Olympic Blvd. (PW23019013) are to be sold together
- Listed by James Oronoz • DRE #02056694 • Brokerage DRE #02182130 • Circa Properties, Inc. • 714-553-9073
Property Details for 4611 East Olympic Boulevard
Property Details for 4611 East Olympic Boulevard
| Status | Active |
|---|---|
| MLS # | PW23019013 |
| Days on Market | 643 |
| Taxes | - |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Mixed Use |
| MLS Type | Commercial Sale / Mixed Use |
| Year Built | 1922 |
| Lot Size | 0.16 AC / 6,965 SF |
| County | Los Angeles County |
Building Information for 4611 East Olympic Boulevard
Property Information for 4611 East Olympic Boulevard
- Gross Scheduled Income: $47,100
- Cap Rate: 2.7
- Insurance Expense: $1,879
- Water Sewer Expense: $7,000
- Tax Rate: 1.15
- Tax Annual Amount: $1,077
- Investment Property: Yes
- Laundry: Yes
- Laundry Features: Inside
- Cooling: None
- Heating: Wall Furnace
- Construction Materials: Wood Siding
- Roof: Composition, Flat, Rolled/Hot Mop
- Fence: Yes
- Fencing: Chain Link
- Sign on Property: No
- Lot Features: Level with Street, Lot 6500-9999, Irregular Lot, Level, No Landscaping, Value In Land
- Land Use: Multi-Family, Retail
- Lease Considered: No
- Land Lease: Yes
- Utilities: Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Water Available, Water Connected
- Electric: Standard
- Water Source: Public
- Uncovered Spaces: 2
- Building Status: Existing
- Asset Class: Land/Unimproved, Multi-Family, Retail, Specialty
- Unit Type Units Total: 1140
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $1,350
- Unit Type Area: 673
- Unit Type Area Units: Square Feet
- Unit Type Type: 1
- Unit Type Description: apartment
- Unit Type Units Total: 1142
- Unit Type Beds Total: 2
- Unit Type Baths Total: 1
- Unit Type Actual Rent: $0
- Unit Type Area: 674
- Unit Type Area Units: Square Feet
- Unit Type Type: 2
- Unit Type Description: apartment
- Unit Type Units Total: 4611
- Unit Type Actual Rent: $2,575
- Unit Type Area: 2024
- Unit Type Area Units: Square Feet
- Unit Type Type: 3
- Unit Type Description: Bakery
- Number Of Units Leased: 2
- Number Of Buildings: 3
Property History for 4611 East Olympic Boulevard
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 4611 East Olympic Boulevard
Schools near 4611 East Olympic Boulevard
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | K to 5 | |||
| Public - | K to 7 | |||
| Public - | 9 to 12 | |||
| Public - | 9 to 12 |
Rating | School | Distance |
|---|---|---|
Ford Boulevard Elementary School PublicK to 5 | ||
Richland Avenue Elementary School PublicK to 7 | ||
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Circa Properties, Inc., James Oronoz, DRE #02056694
Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.