RENTED SEP 1, 2024

711 S Olive St Unit 514 Los Angeles, CA 90014

Downtown LA Neighborhood
1 Bed
1.5 Baths
1,450 Sq Ft
0.77 Acres

Highlights

  • Rooftop Deck
  • 5-minute walk to 7Th Street/Metro Center Station
  • Traditional Architecture
  • City Lights View
  • 33,418 Sq Ft lot
  • High Ceiling

About This Home

As of September 2024

Originally a Los Angeles department store, beautifully converted into live/work loft apartments with 14 foot ceilings, exposed concrete support columns and ceilings. Updated with modern stainless steel appliances and cabinets. Each unit has a full size washer and dryer. Full bath with separate shower stall plus powder room. Front closet and Walk-in Closet. Sealed Concrete Floors. Rooftop deck with city views. Secure underground parking is available. Centrally located near Whole Foods, Los Angeles Athletic Club, Hotel Per LA and Metro Station. This unit is an open floor plan. Some photos from different units with similar floor plan and features, not of this unit. Western exposure. Shown by appointment only.

Last Agent to Rent the Property

Jim Shogren

Rodeo Realty License #01251977 Listed on: 05/14/2024

Rodeo Realty

Co-Listed By

Carol Shogren

Rodeo Realty License #01292174

Rodeo Realty

Last Renter's Agent

Carol Shogren

Rodeo Realty License #01292174

Rodeo Realty

Condo Details

Home Type

  • Condominium

Est. Annual Taxes

  • $184,921

Year Built

  • Built in 1917

Lot Details

  • West Facing Home
  • Historic Home

Home Design

  • Traditional Architecture

Interior Spaces

  • 1,450 Sq Ft Home
  • High Ceiling
  • Great Room
  • Concrete Flooring
  • City Lights Views

Kitchen

  • Oven or Range
  • Range
  • Microwave
  • Dishwasher
  • Kitchen Island
  • Disposal

Bedrooms and Bathrooms

  • 1 Bedroom
  • Walk-In Closet
  • Bathtub with Shower

Laundry

  • Laundry in unit
  • Dryer
  • Washer

Home Security

Parking

  • Parking Garage Space
  • Controlled Entrance

Utilities

  • Forced Air Heating and Cooling System

Listing and Financial Details

  • Security Deposit $1,400
  • Tenant pays for cable TV, electricity, insurance, trash collection, water
  • 12 Month Lease Term
  • Assessor Parcel Number 5144-012-055

Community Details

Overview

  • 54 Units
  • 5-Story Property

Amenities

  • Rooftop Deck
  • Trash Chute
  • Elevator

Pet Policy

  • Pets Allowed
  • Pet Deposit $50

Security

  • Fire and Smoke Detector
  • Fire Sprinkler System

Condo Details

Home Type

Condominium

Est. Annual Taxes

$184,921

Year Built

Built in 1917

Lot Details

0

Rental Info

  • Credit Report Amount: 40.00
  • Credit Report Paid By: Tenant
  • Credit Report Required: Yes
  • Pet Deposit: 50.00
  • Land Lease Purchase Yn: No
  • Not Included In Rent: Trash/water $95/month, electricity and Internet
  • Rent Control: No
  • Security Deposit: 1400
  • Tenant Pays: Cable TV, Electricity, Insurance, Trash Collection, Water

Listing Details

  • Property Type: Residential Lease
  • Style: Traditional
  • Single Family Or Apt: Condo/Apt
  • Levels: One
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Complex Name: The Mandel
  • Entry Floor: 5
  • Lease Terms: 1-Year
  • Living Area: 1450
  • Monthto Month: No
  • Planned Urban Dev: 0
  • Probate: No
  • Stories: 5
  • Unit Floor In Building: 3
  • Water Filled Furn Ins Required: Yes
  • Year Built: 1917
  • Number Of Photos: 12
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: Condos

Interior Features

  • Flooring: Stained Concrete
  • Appliances: Electric, Microwave, Range, Free Standing Electric
  • Bedrooms: 1
  • Full Bathroom: 1
  • Half Bathroom: 1
  • Common Walls: Attached
  • One Quarter Bathrooms: 0
  • Bathroom Features: Shower and Tub, Shower Stall
  • Three Quarter Bathrooms: 0
  • Dining Room: 0
  • Family Room: 0
  • Kitchen Features: Island
  • Laundry: In Unit
  • Total Bathrooms: 2.00
  • Den: 0
  • Equipment: Dishwasher, Dryer, Garbage Disposal, Microwave, Refrigerator, Washer, Range/Oven
  • Price Per S Q F T: 1.93

Exterior Features

  • Direction Faces: West
  • Other Features: High Ceilings (9 Feet+), Historical
  • Tennis Court Y/N: No
  • Exposure: West
  • Pool: No
  • Spa Yn: No
  • View: City, City Lights, Walk Street
  • View: Yes

Garage/Parking

  • Parking Garage: Community Garage, Controlled Entrance

Utilities

  • Cooling: Air Conditioning, Central
  • Heating: Central, Forced Air
  • Security: Fire Sprinklers, Smoke Detector, Fire and Smoke Detection System

Association/Amenities

  • Pet Rules: Yes

Condo/Co-op/Association

  • High Rise: Passenger Elevator, Trash Chute, Rooftop Sky Deck, Mid-Rise Building
  • Unit Location: East

Schools

  • School District: Los Angeles Unified

Lot Info

  • Horses: No
  • Assessor Parcel Number: 5144-012-055
  • Lot Size Area: 33418

Multi Family

  • Number Of Units: 54

MLS Schools

  • School District: Los Angeles Unified

Ownership History

Date Name Owned For Owner Type

Purchase Details

Closed on
Nov 13, 2020
Sold by
Peykar Family Trust and Peykar Moussa
Bought by
Peykar Family Llc
Source: Public Records

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
Peykar Family Llc -- Accommodation/Courtesy Recordi
Peykar Family Llc -- Accommodation/Courtesy Recordi
Peykar Family Llc -- Accommodation/Courtesy Recordi
Peykar Family Llc -- Accommodation/Courtesy Recordi
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Previous Owner Peykar Moussa $13,000,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
09/01/2024 09/01/24 Rented $2,600 -7.1% --
07/31/2024 07/31/24 Under Contract -- -- --
05/14/2024 05/14/24 For Rent $2,800 -- --
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
2025 $184,921 $12,868,959 $4,518,815 $8,350,144
2024 $184,921 $12,616,627 $4,430,211 $8,186,416
2023 $180,937 $12,369,244 $4,343,345 $8,025,899
2022 $172,823 $12,126,711 $4,258,182 $7,868,529
2021 $169,359 $11,888,934 $4,174,689 $7,714,245
2020 $170,105 $11,767,028 $4,131,883 $7,635,145
2019 $164,358 $11,536,303 $4,050,866 $7,485,437
2018 $163,519 $11,310,102 $3,971,438 $7,338,664
2016 $154,787 $10,870,919 $3,817,223 $7,053,696
2015 $152,069 $10,707,628 $3,759,885 $6,947,743
2014 $152,887 $10,497,882 $3,686,235 $6,811,647
Source: Public Records

Agents Affiliated with this Home

  • Jim Shogren

    Landlord's Agent in 2024

    Jim Shogren

    Rodeo Realty

    (310) 592-7506

    19 Total Sales

    Section Image
  • Carol Shogren

    Landlord's Co-Listing Agent in 2024

    Carol Shogren

    Rodeo Realty

    (310) 592-7443

    17 Total Sales

    Section Image
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Map

Source: The MLS

MLS Number: 24-395345

The MLS

APN: 5144-012-055

California Los Angeles County Los Angeles 90014 Downtown LA

711 S Olive St Unit 514, Los Angeles, CA

This home is located at 711 S Olive St Unit 514, Los Angeles, CA 90014 since 14 May 2024. This property was built in 1917. 711 S Olive St Unit 514 is a home located in Los Angeles County with nearby schools including Para Los Niños Charter Middle School, John H. Liechty Middle School, and Academic Leadership Community Miguel Contreras Learning Complex.

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