6261 W Olympic

    Los Angeles (City), CA 90048
    • $2,500,000
    • STATUS: Active
    • ON SITE: 110 days
    • ID#: 19535762
    UPDATED: 23 min ago
    $2,500,000
    • 7
      BEDS
    • 0.12
      ACRES
    • 4
      BATHS
    • 0
      1/2 BATHS
    • 3,990
      SQFT
    • $627
      $/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, 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.

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    Based on information from CRISNet MLS as of 2020-03-29T13:43:10.717. 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.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-29T13:43:10.717. 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.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-29T13:43:10.717. 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.

    Based on information from the i-Tech MLS as of 2020-03-29T13:43:10.717. 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.

    Licensed in the State of California, USA.
    www.brandiprattrealestate.com/homes/101614182

    6261 W Olympic Los Angeles (City), CA 90048

    • Price: $2,500,000
    • Status: Active
    • Updated: 23 min ago
    • ID#: 19535762
    7
    Beds
    4
    Baths
    0
    ½ Baths
    0.12
    Acres
    3,990
    SQFT
    $627
    $/SQFT
    1924
    Built
    Neighborhood:
    Beverly Center-Miracle Mile (C19)
    County:
    Los Angeles
    Area:
    Beverly Center-Miracle Mile (C19)
    Property 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 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.
    Exterior Features

    Parking Spaces Total 4 Parking Type Parking Space

    Interior Features

    Appliances DishwasherGarbage DisposalIce MakerRefrigerator Cooking Appliances MicrowaveRange Cooling Type None Heating Type Wall Heater Total Floors 2 Unit Furnished01 Unfurnished Unit Furnished02 Unfurnished Unit Furnished03 Unfurnished Unit Furnished04 Unfurnished Unit Furnished05 Partially Unit Furnished06 Partially Unit Furnished07 Partially Unit Furnished08 Partially Unit Furnished09 Partially Unit Furnished10 Partially Unit Furnished11 Partially Unit Furnished12 Partially Unit Furnished13 Partially Unit Number Of Bath01 1.0 Unit Number Of Bath02 1.0 Unit Number Of Bath03 1.0 Unit Number Of Bath04 1.0 Unit Number Of Bed01 1 Unit Number Of Bed02 2 Unit Number Of Bed03 2 Unit Number Of Bed04 2

    Property Features

    Adjusted Gross Income 124176.00 Assessed Improvement Value 207111.00 Assessed Land Value 828444.00 Cap Rate 3.47 Country United States Of America Expense Insurance 2200.00 Expense Maintenance 1500.00 Expense Tax 27500.00 Expense Total Annual 37395.00 Expense Trash 2975.00 Expense Water 2500.00 Gross Operating Income 124176.00 Gross Rent Multiplier 20.13 Hoa YN N Legal Disclosures No Property AssessmentsRent Control Lot Size Source Vendor Enhanced Net Operating Income 86781.00 Number Of Buildings 1 Possession Close of Escrow Special Conditions Standard Sale Square Footage Source Vendor Enhanced Unit Monthly Rent01 1219.92 Unit Monthly Rent02 3028.48 Unit Monthly Rent03 3159.52 Unit Monthly Rent04 2940.08 Unit Projected Total Monthly Rent01 2600.00 Unit Projected Total Monthly Rent02 3250.00 Unit Projected Total Monthly Rent03 3250.00 Unit Projected Total Monthly Rent04 3250.00 Unit Total Monthly Rent01 1219.92 Unit Total Monthly Rent02 3028.48 Unit Total Monthly Rent03 3159.52 Unit Total Monthly Rent04 2940.08 Unit Type01 1 Unit Type02 2 Unit Type03 3 Unit Type04 4 Units Total In Complex 4 Zoning Lar3

    Listing provided courtesy of Sasha Rahban DRE#01849286 of Sasha David Rahban.


    Based on information from CRISNet MLS as of 2020-03-29T13:43:10.717. 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.

    Based on information from the Combined LA/Westside Multiple Listing Service as of 2020-03-29T13:43:10.717. 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.

    Based on information from the Conejo Simi Moorpark Association of Realtors as of 2020-03-29T13:43:10.717. 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.

    Based on information from the i-Tech MLS as of 2020-03-29T13:43:10.717. 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.

    Licensed in the State of California, USA.
     
    eXp Realty of California, Inc.
    2603 Camino Ramon, Suite 200
    San Ramon CA, 94583