6261 West Olympic Boulevard

Los Angeles, CA 90048

$2,295,000
Price
7
Beds
4
Baths
3,990 Sq. Ft.
$575 / Sq. Ft.
3,990
Sq. Ft.
$575
per Sq. Ft.

Description

6261 w. Olympic Blvd., Los Angeles, CA 90048, a 4-unit Trophy Asset located in Los Angeles just blocks from Beverly Hills, West Hollywood, La Cienega Park, and LACMA. 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. Built in 1924, 6261 W. Olympic Blvd is composed of One (1) two-story building. The property features Four (4) residential units including three (3) Two-bedroom/one-bathroom...6261 w. Olympic Blvd., Los Angeles, CA 90048, a 4-unit Trophy Asset located in Los Angeles just blocks from Beverly Hills, West Hollywood, La Cienega Park, and LACMA. 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. Built in 1924, 6261 W. Olympic Blvd is 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 and recessed lighting. Located between Beverly Hills and Carthay Circle, this area is best known as a young and hip scene. The property is located blocks from all the hip restaurants in West Hollywood and less than 2 miles from all the high-end retail stores in Beverly Hills.
  1. Listed by Sasha Rahban • DRE #01849286 • Brokerage DRE #01883938 • Douglas Elliman of California, Inc.
  2. Listed by Joshua Altman • DRE #01764587 • Brokerage DRE #01883938 • Douglas Elliman of California, Inc.

Property Details for 6261 West Olympic Boulevard

Zoning
LAR3
Style
Art Deco
Parcel Number
5088019018
Total Units
4.0
Living Area
3990
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
0
LISTING UPDATED: 12/18/2024 12:01 AM

Property Details for 6261 West Olympic Boulevard

StatusActive
MLS #24-471015
Days on Market20
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1924
Lot Size0.12 AC / 5,228 SF
CountyLos Angeles County

Building Information for 6261 West Olympic Boulevard

Stories2Residences-Year Built1924Building Size-Lot Size0.12 AC / 5,228 SF

Property Information for 6261 West Olympic Boulevard

Community / Development
Community / Development
  • Number Of Units: 4
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: 4
  • View: Yes
  • View Description: City, City Lights
  • View: City Lights
Contract Info
Contract Info
  • Disclosures: None
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $139,391
  • Net Operating Income: $99,391.00
  • Gross Income: $139,391
  • Cap Rate: 4.33%
  • Gross Rent Multiplier: $16.46
  • Total Annual Expense: 40000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.12
  • Lot Size Square Feet: 5228
  • Lot Features: Front Yard
  • Lot Description: Front Yard, Sidewalks
  • Lot Location: City
Parking Details
Parking Details
  • Parking Garage: Assigned, Covered Parking, Garage Is Detached
  • Total Parking: 4
  • Parking Features: Assigned, Covered
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Dishwasher, Garbage Disposal, Range/Oven, Refrigerator
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 12-10-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,203.00
  • Unit Actual Rent: $1,203.00
  • Unit Projected Rent: $2,695.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,427.00
  • Unit Actual Rent: $3,427.00
  • Unit Projected Rent: $3,595.00
  • Like Units: 2
Unit 3 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,456.00
  • Unit Actual Rent: $3,456.00
  • Unit Projected Rent: $3,595.00
  • Like Units: 3
Unit 4 Information
  • Unit Beds: 2
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $3,531.00
  • Unit Actual Rent: $3,531.00
  • Unit Projected Rent: $3,595.00
  • Like Units: 4
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $231,034.00
  • Assessed Improvement Percent: 20.0
  • Assessed Land Value: $924,142.00
  • Assessed Land Percent: 80
  • Assessed Total Value: $1,155,176.00

Property History for 6261 West Olympic Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 6261 West Olympic Boulevard

Taxable ValueLand$942,624Additions$235,654Total$1,178,278
Tax Record2024$14,714 ($1,226 / month)
Home Facts
Total Finished SqFt3,990 SqFtAbove Grade Finished SqFt3,990 SqFtLot Size5,222 SqFtStyleQuadraplexYear Built1924ZoningLAR3CountyLOS ANGELESAPN5088-019-018

Schools near 6261 West Olympic Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - 6 to 8
Public - 9 to 12
Public - 6 to 12
Rating
School
Distance
Carthay Center Elementary
PublicK to 5

Emerson Community Charter School
Charter6 to 8

Fairfax Senior High School
Public9 to 12

Los Angeles Center For Enriched Studies
Public6 to 12

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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6261 West Olympic Boulevard is a multi-family home for sale in Los Angeles, CA 90048. This property was listed for sale on December 10, 2024 by Douglas Elliman of California, Inc., it's currently listed at $2,295,000. It has been on the market for a total of 20 days and was last sold on June 4, 2015. This listing's school district is Los Angeles Unified School District. Nearby schools include Carthay Center Elementary, Emerson Community Charter School and Fairfax Senior High School. 6261 West Olympic Boulevard is a 7-bed, 4-bath, 3,990 sqft multi-family home built in 1924.

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 Douglas Elliman of California, Inc., Sasha Rahban, DRE #01849286; Douglas Elliman of California, Inc., Joshua Altman, DRE #01764587

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.