6261 Olympic Boulevard , Los Angeles, CA - 90048 is For Sale

  • 25478719
  • 25478719
  • 25478719
  • 25478719
  • 25478719
  • 25478719
  • 25478719
  • 25478719
  • 25478719
  • 25478719
  • 25478719
  • 25478719
  • 25478719
  • 25478719
  • 25478719
  • 25478719
  • 25478719
  • 25478719
  • 25478719
  • 25478719
$2,195,000· Income property

Description

Located just blocks from Beverly Hills, West Hollywood, La Cienega Park, and LACMA, this well-maintained 4-unit property offers the perfect blend of investment potential and owner-user appeal. One of the two-bedroom units is currently vacant, presenting an incredible opportunity for a buyer to move in and enjoy the benefits of homeownership while generating passive income from the other three rented unitsessentially having tenants help cover the mortgage. If you're an investor, you have the flexibility to lease the vacant unit to a tenant of your choice and maximize rental income. For investors seeking additional upside, the rear of the property may offer potential for ADU development, creating an opportunity to increase rental income and enhance the property's overall value.The property features three (3) updated two-bedroom/one-bath units and one (1) one-bedroom/one-bath unit. The remodeled two-bedroom units boast new flooring, modern kitchens, stylish bathrooms, and recessed lighting.Ideally situated between Beverly Hills and Carthay Circle, this vibrant neighborhood is known for its energy, walkability, and access to some of LA's best dining, shopping, and entertainment. Just minutes from the hottest restaurants in West Hollywood and luxury retail in Beverly Hills, this is an excellent first home purchase with built-in rental income or a strong long-term investment opportunity.Don't miss this rare chance to own in a prime location with multiple income-generating possibilities!

Features

MLS#: 25478719
List Price : $2,195,000
Total Units : 4
CAP rate : $4.33
Gross Operating Income : $139,391
Net Operating Income : $99,391
Sq M : 486 M2
Year Built : 1924
Days on market : 102 Days
Gross taxes : N/A
Address : 6261 Olympic Boulevard
City : Los Angeles
State : CA
Zip Code : 90048
Neighborhood : N/A
Appliances : Dishwasher, Disposal, Refrigerator
Stories : 2
Parking Features : Assigned, Covered
Sale Type : Standard
View : City Lights
 
Property Type : Residential Income
Original List Price : $2,195,000
Acres : 0.12
Lot Size (Acres) : 0.12
Heating : Wall Furnace
Parking Features : Assigned, Covered
Cooling : None
Driving Directions : East of La Cienega Blvd, North of Olympic Blvd.
Lot Features : Front Yard
 
Courtesy of : Sasha Rahban , Douglas Elliman of California, Inc.

Location

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