NOT LISTED FOR SALE

5809 W Olympic Blvd Los Angeles, CA 90036

Miracle Mile Neighborhood

Estimated Value: $1,595,000 - $2,028,000

8 Beds
4 Baths
4,616 Sq Ft
$396/Sq Ft Est. Value

Last Sold June 17, 2021

Last sale price $1,540,000 $334 Per Sq Ft

Est. 19% increase in value since last sale

Current estimated payment $11,937/month

90 Days on Market

Highlights

  • Fireplace in Bathroom
  • Wood Flooring
  • Balcony
  • Contemporary Architecture
  • Ground Level Unit
  • 4-minute walk to Wilshire Green Park

About This Home

As of June 2021

Beautiful Miracle mile 4 unit building with long-term tenants. This is located in the heart of LA near shopping, dining and cultural and religious centers. Drive by only. In person viewing with accepted offer only (subject to interior inspection). All units 2 bed and 1 bath. Public records show more than 4600 sq ft of living space. Buyer to conduct own investigations and verifications. All units in good condition but few cosmetic upgrades could substantially increase the value. Major system upgrades include: Newer roof; new sewer line, new forced air furnaces; some new water heaters; new main electrical panels and circuit breakers (all required permits and receipts for work are available. Lots of room for upside on rents. Cannot deliver any units vacant. Click the virtual tour button to see video tour of all units or go here: https://fb.watch/46fKj6yLT8/

Last Listed By

Nick Cates

Pacific Playa Realty License #01761836 Listed on: 02/02/2021

Pacific Playa Realty

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,320

Year Built

  • Built in 1948

Lot Details

  • 6,750 Sq Ft Lot
  • South Facing Home

Parking

  • 1 Open Parking Space
  • 5 Car Garage
  • Assigned Parking

Home Design

  • Contemporary Architecture
  • Block Foundation
  • Composition Roof
  • Stucco

Interior Spaces

  • 4,616 Sq Ft Home
  • 2-Story Property
  • Living Room with Fireplace
  • Dining Room with Fireplace
  • Basement

Kitchen

  • Ceramic Countertops
  • Fireplace in Kitchen

Flooring

  • Wood
  • Carpet
  • Tile

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms
  • Fireplace in Bathroom
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Gas Dryer Hookup

Home Security

  • Security Lights
  • Fire and Smoke Detector

Outdoor Features

  • Balcony
  • Open Patio

Location

  • Ground Level Unit
  • City Lot

Utilities

  • Forced Air Heating System
  • Property is located within a water district
  • Multi-Tank Gas Water Heater
  • Sewer in Street
  • Satellite Dish
  • Cable TV Available

Community Details

  • 4 Units
  • Rent Control

Listing and Financial Details

  • Tenant pays for electricity, gas
  • The owner pays for gardener, water
  • Assessor Parcel Number 5089-016-042

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,320

Year Built

Built in 1948

Lot Details

0

Parking

5

Listing Details

  • Property Type: Residential Income
  • Style: Contemporary
  • Levels: Ground Level, Two
  • Street Number Display: Yes
  • Alley: No
  • Entry Floor: 1
  • Entry Location: Ground Level - no steps
  • Living Area: 4616
  • Lot Acreage: 0.1550
  • Probate: No
  • Stories: 2
  • Year Built: 1948
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Number Disposal: 4
  • Fireplace Rooms: Bath, Dining, Living Room, Kitchen
  • Flooring: Carpet, Hardwood, Tile
  • Bedrooms: 8
  • Common Walls: Attached
  • Bathroom Features: Shower and Tub, Shower Stall
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Tile Counters, Ceramic Counters
  • Laundry: In Unit
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Gas Or Electric Dryer Hookup, Gas Dryer Hookup
  • Price Per S Q F T: 341.20

Exterior Features

  • Direction Faces: South
  • Construction: Stucco
  • Other Features: Balcony
  • Other Structures: None
  • Foundation Details: Block
  • Number Patio: 1
  • Patio: Patio Open
  • Roof: Composition
  • View: No

Garage/Parking

  • Garage Spaces: 5
  • Other Spaces: 1
  • Covered Parking: 5
  • Garage Structures: 1
  • Number Rented Garages: 3
  • Parking Garage: Garage - 2 Car, Garage - 1 Car, Assigned, Parking Space
  • Total Parking: 6

Utilities

  • TV Svcs: Cable TV, Tv Satellite Dish
  • Water Heater: Gas, Multi-Tank
  • Heating: Forced Air, Central
  • Number Electric Meters: 4
  • Number Gas Meters: 4
  • Security: Exterior Security Lights, Smoke Detector
  • Sewer: In Street
  • Water: District
  • Water Heaters: Yes

Lot Info

  • Assessed Improvement Percent: 70.29
  • Assessed Improvement Value: 294024
  • Assessed Land Percent: 29.71
  • Assessed Land Value: 124250
  • Total Assessed Value: 418274
  • Assessor Parcel Number: 5089-016-042
  • Lot Location: City
  • Lot Size Area: 6750

Rental Info

  • Number Leased: 4
  • Total Actual Rent: 62100.00
  • Owner Pays: Gardener, Water
  • Rent Control: Yes
  • Tenant Pays: Electricity, Gas

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 25.00
  • Number Of Units: 4
  • Rent Control: 100
  • Total Annual Expense: 10000
  • Type Of Units: 2 bedroom
  • Vacancy Allow Percent: 8.00
  • Vacancy Rate: 1

Tax Info

  • Mello Roos: Unknown

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Feb 2, 2021
Closed on
May 7, 2021
Sold by
Embry Stanley A and The Stanley A Embry Trust
Bought by
Washington 26 Properties Llc
Seller's Agent
Nick Cates
Pacific Playa Realty
Buyer's Agent
George Gorgy
Premier Investors R.E., Inc.
List Price
$1,575,000
Sold Price
$1,540,000
Premium/Discount to List
-$35,000
-2.22%
Total Days on Market
90
Current Estimated Value
$1,830,124

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$290,124
Avg. Annual Appreciation
4.45%
Original Mortgage
$1,025,000
Outstanding Balance
$942,039
Interest Rate
2.9%
Mortgage Type
Commercial
Estimated Equity
$886,712

Purchase Details

Closed on
Nov 1, 2016
Sold by
Embry Stanley Allan
Bought by
Embry Stanley A and Stanley A Embry Trust

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Purchase History

Date Buyer Sale Price Title Company
Washington 26 Properties Llc $1,540,000 Fidelity National Ttl Ins Co
Embry Stanley A -- None Available
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Washington 26 Properties Llc $1,025,000
Previous Owner Embry Stanley Allan $263,945
Previous Owner Embry Stanley Allan $295,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
06/17/2021 06/17/21 Sold $1,540,000 -2.2% $334 / Sq Ft
05/03/2021 05/03/21 Pending -- -- --
03/08/2021 03/08/21 Price Changed $1,575,000 0.0% $341 / Sq Ft
03/08/2021 03/08/21 For Sale $1,575,000 +2.3% $341 / Sq Ft
02/26/2021 02/26/21 Off Market $1,540,000 -- --
02/22/2021 02/22/21 Pending -- -- --
02/02/2021 02/02/21 For Sale $1,675,000 -- $363 / Sq Ft
Source: The MLS

Tax History Compared to Growth

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2024 $20,320 $1,634,259 $1,002,310 $631,949
2023 $19,935 $1,602,215 $982,657 $619,558
2022 $19,022 $1,570,800 $963,390 $607,410
2021 $5,946 $448,472 $133,220 $315,252
2020 $5,998 $443,874 $131,854 $312,020
2019 $5,781 $435,171 $129,269 $305,902
2018 $5,666 $426,639 $126,735 $299,904
2016 $5,382 $410,073 $121,814 $288,259
2015 $5,309 $403,915 $119,985 $283,930
2014 $5,353 $396,004 $117,635 $278,369
Source: Public Records

Agents Affiliated with this Home

  • Nick Cates

    Seller's Agent in 2021

    Nick Cates

    Pacific Playa Realty

    (323) 708-8680

    1 in this area

    6 Total Sales

    Nick Cates
    Section Image
  • George Gorgy

    Buyer's Agent in 2021

    George Gorgy

    Premier Investors R.E., Inc.

    (310) 420-2333

    1 in this area

    11 Total Sales

    George Gorgy
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 21-677464

The MLS

APN: 5089-016-042

California Los Angeles County Los Angeles 90019 Miracle Mile

5809 W Olympic Blvd, Los Angeles, CA

Homes for Sale in Los Angeles, CA

This home is located at 5809 W Olympic Blvd, Los Angeles, CA 90036 since 02 February 2021 and is currently estimated at $1,830,124, approximately $396 per square foot. This property was built in 1948. 5809 W Olympic Blvd is a home located in Los Angeles County with nearby schools including Wilshire Crest Elementary School, John Burroughs Middle School, and Fairfax High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

The MLS © 2025 The MLS™ - Combined L.A. Westside MLS (CLAW). All rights reserved. Based on information from The MLS™ - Combined L.A. Westside MLS (CLAW). 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.
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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