NOT LISTED FOR SALE

6712 W Olympic Blvd Los Angeles, CA 90048

Carthay Neighborhood
3 Beds
3 Baths
5,388 Sq Ft
7,342 Sq Ft Lot

Last Sold May 24, 2023

Last sale price $1,950,000 $362 Per Sq Ft

34 Days on Market

About This Home

As of May 2023

6712 W. Olympic Boulevard is a 5 Unit apartment property in the neighborhood of Carthay. The property is across the street from La Cienega Park, and borders the city of Beverly Hills. Consisting of (4) 1- Bedroom/1-Bathroom Units, and (1) 2-Bedroom/1.5-Bathroom Unit, residents enjoy garage parking and washer/dryer hookups (select units). Surrounded predominantly by single family homes and small apartment buildings, the thoroughfares in the area offer a number of large shopping centers and other retail options. With a WalkScore ® of 86, residents can also leave their cars at home and reach many amenities by foot.

Last Agent to Sell the Property

Damien Breaux

Morgan Skenderian License #01460301 Listed on: 03/08/2023

Co-Listed By

Jay Skenderian

Morgan Skenderian License #01220368

Last Buyer's Agent

Damien Breaux

Morgan Skenderian License #01460301 Listed on: 03/08/2023

Property Details

Home Type

  • Multi-Family

Year Built

  • Built in 1937

Lot Details

  • 7,342 Sq Ft Lot
  • 1 Common Wall
  • Density is 2-5 Units/Acre

Parking

  • 5 Car Garage

Home Design

  • Apartment

Interior Spaces

  • 5,388 Sq Ft Home
  • 2-Story Property

Bedrooms and Bathrooms

  • 3 Bedrooms
  • 3 Bathrooms

Laundry

  • Laundry Room
  • Washer and Gas Dryer Hookup

Listing and Financial Details

  • Tax Lot 1
  • Tax Tract Number 8109
  • Assessor Parcel Number 5087001001

Community Details

Overview

  • 5 Units

Building Details

  • 5 Separate Electric Meters
  • 5 Separate Gas Meters
  • 1 Separate Water Meter
  • Insurance Expense $3,043
  • Professional Management Expense $4,878
  • Operating Expense $47,728
  • Gross Income $32,197
  • Net Operating Income $84,958

Property Details

Home Type

Multi-Family

Year Built

Built in 1937

Lot Details

0

Parking

5

Listing Details

  • CapRate: 4.00
  • Price Per Unit: 421000
  • Professional Management Expense: 4878.00
  • Property Attached: Yes
  • Zoning: LAR3
  • Property Sub Type: Apartment
  • Property Type: Residential Income
  • Parcel Number: 5087001001
  • Year Built: 1937
  • Special Features: None

Interior Features

  • Stories: 2
  • Common Walls: 1 Common Wall
  • Levels: Two
  • Price Per Square Foot: 361.92

Exterior Features

  • Pool Private: No

Garage/Parking

  • Garage Spaces: 5.00
  • Total Parking Spaces: 5.00

Utilities

  • Laundry: Yes
  • Laundry Features: Gas Dryer Hookup, Washer Hookup
  • Sewer: Public Sewer
  • Water Source: Public

Condo/Co-op/Association

  • Senior Community: No
  • Common Interest: Community Apartment
  • Community Features: Curbs, Sidewalks

Lot Info

  • Additional Parcels: No
  • Land Lease: No
  • Lot Features: 2-5 Units/Acre
  • Lot Size Sq Ft: 7342.00
  • Lot Size Acres: 0.1685

Multi Family

  • Gross Income: 32197.00
  • Gross Multiplier: 15.39
  • Gross Scheduled Income: 136790.00
  • Insurance Expense: 3043.00
  • Lot Size Area: 7342.0000 Square Feet
  • Net Operating Income: 84958.00
  • Number Of Separate Electric Meters: 5
  • Number Of Separate Gas Meters: 5
  • Number Of Separate Water Meters: 1
  • Number Of Units Total: 5
  • Operating Expense: 47728.00
  • Rent Control: No
  • Total Expenses: 47728.00
  • Vacancy Allowance: 4103
  • Vacancy Allowance Rate: 3.00

Tax Info

  • Tax Census Tract: 2168.00
  • Tax Lot: 1
  • Tax Tract Number: 8109

Range of Values:

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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

Property History

Date Event Price Change Sq Ft Price
05/24/2023 05/24/23 Sold $1,950,000 -7.4% $362 / Sq Ft
04/11/2023 04/11/23 Pending -- -- --
03/08/2023 03/08/23 For Sale $2,105,000 -- $391 / Sq Ft
Source: California Regional Multiple Listing Service (CRMLS)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Damien Breaux

    Seller's Agent in 2023

    Damien Breaux

    Morgan Skenderian

    (949) 584-0503

    1 in this area

    40 Total Sales

    Section Image
  • Jay Skenderian

    Seller Co-Listing Agent in 2023

    Jay Skenderian

    Morgan Skenderian

    (949) 251-8800

    1 in this area

    18 Total Sales

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Map

Source: California Regional Multiple Listing Service (CRMLS)

MLS Number: PW23038885

California Regional Multiple Listing Service (CRMLS)

California Los Angeles County Los Angeles 90035 Carthay

6712 W Olympic Blvd, Los Angeles, CA

This home is located at 6712 W Olympic Blvd, Los Angeles, CA 90048 since 08 March 2023. This property was built in 1937. 6712 W Olympic Blvd is a home located in Los Angeles County with nearby schools including Carthay Center Elementary School, Fairfax High School, and Ralph Waldo Emerson Community Charter Middle 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.

California Regional Multiple Listing Service (CRMLS) The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.

Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. 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

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