6706 West Olympic Boulevard

Los Angeles, CA 90048

$2,250,000
Price
6
Beds
5.5
Baths
5,388 Sq. Ft.
$418 / Sq. Ft.
5,388
Sq. Ft.
$418
per Sq. Ft.

Description

Charming five unit, Spanish, residential income property across the street from La Cienega Park and in close proximity to Beverly Hills. The building offers four spacious 1 bedroom/1 bath units in addition to a 2 bedroom/1.5 bath townhome unit with a very large primary bedroom and a graceful stairway. All units boast large living rooms, dining rooms and hardwood floors. Great curb appeal, character and location converge in one of L. A.' s most historic residential neighborhoods, South Carthay.Charming five unit, Spanish, residential income property across the street from La Cienega Park and in close proximity to Beverly Hills. The building offers four spacious 1 bedroom/1 bath units in addition to a 2 bedroom/1.5 bath townhome unit with a very large primary bedroom and a graceful stairway. All units boast large living rooms, dining rooms and hardwood floors. Great curb appeal, character and location converge in one of L. A.' s most historic residential neighborhoods, South Carthay.
  1. Listed by Shlomo Seidenfeld • DRE #01248572 • Brokerage DRE #01703618 • Nourmand & Associates-BH

Property Details for 6706 West Olympic Boulevard

Zoning
LAR3
Parcel Number
5087001002
Total Units
5.0
Living Area
5388
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Vacancy Rate
0
Lot Size Area
7416

Location

Listing Courtesy of Nourmand & Associates-BH, Shlomo Seidenfeld, DRE #01248572
Add your commute
LISTING UPDATED: 06/12/2024 12:01 AM

Property Details for 6706 West Olympic Boulevard

StatusActive
MLS #24-389063
Days on Market22
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built-
Lot Size0.17 AC / 7,416 SF
CountyLos Angeles County

Location

Listing Courtesy of Nourmand & Associates-BH, Shlomo Seidenfeld, DRE #01248572
Add your commute

Building Information for 6706 West Olympic Boulevard

Stories2Residences-Year Built-Building Size-Lot Size0.17 AC / 7,416 SF

Payment Calculator

$12,513 per month

30 year fixed, 7.25% Interest

Principal and Interest

$12,279

Property Taxes

$234

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 6706 West Olympic Boulevard

Community / Development
Community / Development
  • Number Of Units: 5
  • Senior Community: No
Structure Info
Structure Info
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Standard
Contract Info
Contract Info
  • Disclosures: Historical, As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $122,431
  • Net Operating Income: $101,351.00
  • Gross Income: $122,431
  • Gross Rent Multiplier: $18.30
  • Total Annual Expense: 21080
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1702
  • Lot Size Square Feet: 7416
Parking Details
Parking Details
  • Parking Garage: Detached
  • Total Parking: 5
  • Attached Garage: No
Interior Features
Interior Features
  • Levels: Two
  • Cooling: None
  • Cooling Type: None
  • Heating: Gravity
  • Heating Type: Gravity
  • Flooring: Hardwood, Tile
  • Equipment: Refrigerator, Range/Oven
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 06-04-2024
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,100.00
  • Unit Actual Rent: $2,100.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,000.00
  • Unit Actual Rent: $2,000.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,663.00
  • Unit Actual Rent: $1,663.00
  • Unit Projected Rent: $2,700.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $2,340.00
  • Unit Actual Rent: $2,340.00
  • Unit Projected Rent: $3,300.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $66,659.00
  • Assessed Improvement Percent: 47.09
  • Assessed Land Value: $74,906.00
  • Assessed Land Percent: 52.91
  • Assessed Total Value: $141,565.00

Property History for 6706 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 6706 West Olympic Boulevard

Taxable ValueLand$74,906Additions$66,659Total$141,565
Tax Record2023$2,811 ($234 / month)
Home Facts
Total Finished SqFt5,388 SqFtAbove Grade Finished SqFt5,388 SqFtLot Size7,414 SqFtStyleMulti-Family Res (5+ Units)ZoningLAR3CountyLOS ANGELESAPN5087-001-002

Schools near 6706 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.

Similar Homes

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6706 West Olympic Boulevard is a multi-family home for sale in Los Angeles, CA 90048. This property was listed for sale on June 4, 2024 by Nourmand & Associates-BH, it's currently listed at $2,250,000. 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. 6706 West Olympic Boulevard is a 6-bed, 5.5-bath, 5,388 sqft multi-family home.

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. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Nourmand & Associates-BH, Shlomo Seidenfeld, DRE #01248572

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.