Keegan Cin | Realtor® | License # DRE 01971604

Property

Los Angeles, CA 90048 6261 W Olympic Boulevard

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Presented By: Sasha Rahban with Douglas Elliman of California, Inc.;
  • MLS# 25478719
  • 01/10/2025
  • Request Tour
  • Request Info
  • Beds • 7
  • Baths • 4
  • SQFT • 3,990
  • Year Built • 1924

Home Details

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!
Presented By: Sasha Rahban with Douglas Elliman of California, Inc.;

Interior Features for 6261 W Olympic Boulevard

Bedrooms

Total Bedrooms7

Bathrooms

Half Baths0
Total Baths4
1/4 Baths
3/4 Baths

Other Interior Features

Air Conditioning Y/NNo
Basement (Y/N)No
Fireplace Y/NNo
Heating Y/NYes
Total Stories2

General for 6261 W Olympic Boulevard

Additional Parcels Y/NNo
AppliancesDishwasher, Disposal, Refrigerator
Attached Garage No
Cap Rate4.33
Carport Y/NNo
CityLos Angeles
CoolingNone
CountyLos Angeles
DirectionsEast of La Cienega Blvd, North of Olympic Blvd.
Electric On Property Y/NNo
Full Baths
Garage Y/NNo
Gross Income139391.0
HOANo
HeatingWallFurnace
Home Warranty Y/NNo
Land Lease Y/NNo
Lease Considered Y/NNo
Lease Renewal Y/NNo
LevelsTwo
Lot Size Square Feet5228.0
Lot Size UnitsSquareFeet
MLS AreaC19 - Beverly Center-Miracle Mile
MobileHomeRemainsYNNo
Net Operating Income99391.0
New ConstructionNo
Number Of Units Total4
PossessionCloseOfEscrow
Property Attached Y/NNo
Property TypeResidentialIncome
Rent Control Y/NNo
Senior Community Y/NNo
Special Listing ConditionsStandard
Standard StatusActive
StatusActive
Stories2
ViewCityLights
Year Built1924
ZoningLAR3

Exterior for 6261 W Olympic Boulevard

Building Area Total3990.0
Crops Included Y/NNo
Horse Y/NNo
Irrigation Water Rights Y/NNo
Lot FeaturesFrontYard
Lot Size Acres0.12
Lot Size Area5228.0
Number of Buildings1
Open Parking Y/NNo
Parking FeaturesAssigned, Covered
Private PoolNo
SpaNo
Total Parking4.0
WaterfrontY/NNo

Additional Details

Price History

Justin Hughey

Price $2,195,000
MLS#25478719
List Date 01/10/2025
Property Type Multi-Family
Request Tour
Request Info

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