8673 West Olympic Boulevard

Los Angeles, CA 90035

$1,799,000
Price
5
Beds
4
Baths
3,039 Sq. Ft.
$592 / Sq. Ft.
3,039
Sq. Ft.
$592
per Sq. Ft.

Description

Beautiful and well-maintained character Spanish Duplex in coveted Olympic-La Cienega area. Both units have great tenants in place. 4 detached garages in the back with additional driveway parking. The perfect investment opportunity, walking distance from all the best the local community has to offer. Valuable and clean duplexes like this one don't come to the market often. This is a wonderful opportunity. Property also has favorable zoning to build a new building with up to 9 large units and/or potential...Beautiful and well-maintained character Spanish Duplex in coveted Olympic-La Cienega area. Both units have great tenants in place. 4 detached garages in the back with additional driveway parking. The perfect investment opportunity, walking distance from all the best the local community has to offer. Valuable and clean duplexes like this one don't come to the market often. This is a wonderful opportunity. Property also has favorable zoning to build a new building with up to 9 large units and/or potential ADU. Please contact me for more details. Thank you.
  1. Listed by Jean-Baptist Rugiero • DRE #01913472 • Brokerage DRE #01738973 • The Agency

Property Details for 8673 West Olympic Boulevard

Zoning
LAR3
Style
Spanish
Cross Streets
Pico and La Cienega
Parcel Number
4333012042
Total Units
2.0
Living Area
3039
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
LISTING UPDATED: 09/08/2024 07:47 PM

Property Details for 8673 West Olympic Boulevard

StatusActive
MLS #24-436455
Days on Market23
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1933
Lot Size0.14 AC / 6,000 SF
CountyLos Angeles County

Building Information for 8673 West Olympic Boulevard

Stories2Residences-Year Built1933Building Size-Lot Size0.14 AC / 6,000 SF

Property Information for 8673 West Olympic Boulevard

Community / Development
Community / Development
  • Number Of Units: 2
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: apartments
  • Water Heaters: Yes
Contract Info
Contract Info
  • Probate: No
  • Disclosures: As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $83,280
  • Net Operating Income: $73,280.00
  • Gross Income: $83,280
  • Gross Rent Multiplier: $.00
  • Actual Gross Annual Income: $83,280
  • Total Annual Expense: 10000
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1377
  • Lot Size Square Feet: 6000
Parking Details
Parking Details
  • Parking Garage: Garage - 4+ Car, Garage Is Detached
  • Total Parking: 4
  • Garage Spaces Total: 4
  • Attached Garage: No
  • Garage Structures Total: 4.0
Interior Features
Interior Features
  • Levels: Two
  • Cooling Type: Air Conditioning
  • Heating: Central
  • Heating Type: Central
  • Equipment: Range/Oven, Refrigerator
  • Common Walls: Attached
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: Other
Lease Terms
Lease Terms
  • Entry Date: 09-05-2024
Unit Details
Unit 1 Information
  • Unit Beds: 2
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $3,640.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 3
  • Unit Baths: 2
  • Unit Furnished: No
  • Unit Rent: $4,000.00
  • Unit Actual Rent: $3,300.00
  • Unit Projected Rent: $4,000.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $340,448.00
  • Assessed Improvement Percent: 36.06
  • Assessed Land Value: $603,637.00
  • Assessed Land Percent: 63.94
  • Assessed Total Value: $944,085.00

Property History for 8673 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 8673 West Olympic Boulevard

Taxable ValueLand$615,709Additions$347,256Total$962,965
Tax Record2023$11,775 ($981 / month)
Home Facts
Total Finished SqFt3,039 SqFtAbove Grade Finished SqFt3,039 SqFtLot Size5,998 SqFtStyleDuplexYear Built1933ZoningLAR3CountyLOS ANGELESAPN4333-012-042

Schools near 8673 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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8673 West Olympic Boulevard is a multi-family home for sale in Los Angeles, CA 90035. This property was listed for sale on August 27, 2024 by The Agency, it's currently listed at $1,799,000. It has been on the market for a total of 23 days and was last sold on May 23, 2012. 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. 8673 West Olympic Boulevard is a 5-bed, 4-bath, 3,039 sqft multi-family home built in 1933.

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 The Agency, Jean-Baptist Rugiero, DRE #01913472

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.