NOT LISTED FOR SALE

8672 W Olympic Blvd Los Angeles, CA 90035

Pico-Robertson Neighborhood

Estimated Value: $2,479,000 - $3,639,000

8 Beds
4 Baths
5,204 Sq Ft
$595/Sq Ft Est. Value

Last Sold July 28, 2016

Last sale price $2,125,000 $408 Per Sq Ft

Est. 46% increase in value since last sale

Current estimated payment $18,919/month

193 Days on Market

Highlights

  • Side by Side Parking
  • Central Heating and Cooling System
  • Ceiling Fan
  • Detached Carport Space

About This Home

As of July 2016

Beautifully updated and reminiscent of old Hollywood glamour, this fabulous art deco quadriplex property is available for purchase on it's own or alongside it's matching sister property next door. Together the lot's create one of the largest in the area at approximately 14,000 sq ft (1/3 acre of land) combined. LAR3-Zoning, Hardwood floors, high ceilings, courtyard style buildings with carport parking, excellent location 2 Blocks from Beverly Hills, Robertson blvd, shopping and restaurants. This is a rare and excellent opportunity for an investor looking for an extraordinary multi-family property that seldom comes along very often.

Last Agent to Sell the Property

Leslie Bega

Keller Williams Beverly Hills License #01783962 Listed on: 12/18/2015

Keller Williams Beverly Hills

Last Buyer's Agent

Michael Fukushima

Keller Williams Los Angeles License #01380445

Keller Williams Los Angeles

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $29,732

Year Built

  • Built in 1936

Lot Details

  • 6,998 Sq Ft Lot

Interior Spaces

  • 5,204 Sq Ft Home
  • 2-Story Property
  • Ceiling Fan

Kitchen

  • Oven or Range
  • Recirculated Exhaust Fan
  • Microwave
  • Dishwasher
  • Disposal

Bedrooms and Bathrooms

  • 8 Bedrooms
  • 4 Bathrooms

Laundry

  • Dryer
  • Washer

Parking

  • 8 Parking Spaces
  • Detached Carport Space
  • Side by Side Parking

Utilities

  • Central Heating and Cooling System
  • Cable TV Available

Community Details

  • 4 Units

Listing and Financial Details

  • Assessor Parcel Number 4332-020-003

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$29,732

Year Built

Built in 1936

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Street Number Display: Yes
  • Additional Assessor Parcel Numbers: No
  • Living Area: 5204
  • Stories: 2
  • Year Built: 1936
  • Number Of Photos: 25
  • State Abbrv: CA
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Bedrooms: 8
  • Dining Room: 0
  • Family Room: 0
  • Total Bathrooms: 4.00
  • Den: 0
  • Equipment: Cable, Ceiling Fan, Dishwasher, Dryer, Garbage Disposal, Hood Fan, Microwave, Range/Oven, Recirculated Exhaust Fan, Refrigerator, Washer
  • Price Per S Q F T: 408.34

Exterior Features

  • Tennis Court Y/N: No
  • Pool: No
  • View: No

Garage/Parking

  • Parking Garage: Carport Detached, Parking Space, Side By Side
  • Total Parking: 8

Utilities

  • Cooling: Central
  • Heating: Central

Lot Info

  • Assessed Improvement Value: 245834
  • Assessed Land Value: 737510
  • Assessor Parcel Number: 4332-020-003
  • Geocode Override: No
  • Lot Size Area: 6998

Multi Family

  • Unit Type: 2106, 2107, 2108, 2109
  • Gross Rent Multiplier: 20.04
  • Number Of Units: 4
  • Total Annual Expense: 10000
  • Type Of Units: 4
  • Vacancy Rate: 100

Ownership History

Date Name Owned For Owner Type

Purchase Details

Listed on
Dec 18, 2015
Closed on
Aug 31, 2016
Sold by
Hart Marisa
Bought by
Hart Marisa L and Marisa Hart Trust
Seller's Agent
Leslie Bega
Keller Williams Beverly Hills
Buyer's Agent
Michael Fukushima
Keller Williams Los Angeles
List Price
$2,295,000
Sold Price
$2,125,000
Premium/Discount to List
-$170,000
-7.41%
Total Days on Market
193
Current Estimated Value
$3,098,107

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$973,107
Avg. Annual Appreciation
4.35%
Original Mortgage
$2,100,000
Outstanding Balance
$1,701,011
Interest Rate
3.45%
Mortgage Type
Commercial
Estimated Equity
$1,397,096

Purchase Details

Listed on
Dec 18, 2015
Closed on
Jul 6, 2016
Sold by
Arguello Sergio M
Bought by
Hart Marisa and Marisa Hart Trust
Seller's Agent
Leslie Bega
Keller Williams Beverly Hills
Buyer's Agent
Michael Fukushima
Keller Williams Los Angeles
List Price
$2,295,000
Sold Price
$2,125,000
Premium/Discount to List
-$170,000
-7.41%

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$2,100,000
Outstanding Balance
$1,701,011
Interest Rate
3.45%
Mortgage Type
Commercial
Estimated Equity
$1,397,096

Purchase Details

Closed on
Aug 20, 2015
Sold by
Arguello Anna Maria
Bought by
Arguello Sergio M

Purchase Details

Closed on
Sep 22, 2006
Sold by
Arguello Sergio
Bought by
Arguello Anna Maria and Arguello Carlos R

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$1,046,500
Interest Rate
6.5%
Mortgage Type
New Conventional

Purchase Details

Closed on
Apr 11, 2002
Sold by
Campbell Allison Jane
Bought by
Arguello Segio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
7.08%

Purchase Details

Closed on
Mar 29, 2002
Sold by
Lerner Jack
Bought by
Arguello Sergio

Home Financials for this Owner

Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$640,000
Interest Rate
7.08%

Purchase Details

Closed on
Feb 10, 2000
Sold by
Solomon Judith
Bought by
Solomon Judith and Solomon Robert M

Purchase Details

Closed on
Mar 3, 1998
Sold by
Lerner Carl J
Bought by
Lerner Carl J and Carl J Lerner Trust

Purchase Details

Closed on
Feb 26, 1998
Sold by
Bodenbender Arlene
Bought by
Bodenbender Mark and Bodenbender Arlene

Purchase Details

Closed on
Feb 24, 1998
Sold by
Solomon Judith
Bought by
Solomon Robert and Solomon Judith
Source: Public Records

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Range of Values:

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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
Hart Marisa L -- Equity Title Company
Hart Marisa $2,125,000 Equity Title
Arguello Sergio M -- Equity Title
Arguello Anna Maria -- None Available
Arguello Segio -- Equity Title
Arguello Sergio $800,000 Equity Title
Solomon Judith -- --
Lerner Carl J -- --
Bodenbender Mark -- --
Solomon Robert -- --
Katz Sam -- --
Lerner Jack -- --
Source: Public Records

Mortgage History

Date Status Borrower Loan Amount
Open Hart Marisa L $2,100,000
Previous Owner Arguello Sergio M $142,000
Previous Owner Arguello Sergio $1,046,500
Previous Owner Arguello Sergio $217,500
Previous Owner Arguello Sergio $720,000
Previous Owner Arguello Sergio $100,000
Previous Owner Arguello Sergio $700,000
Previous Owner Arguello Sergio $50,000
Previous Owner Arguello Sergio $640,000
Closed Arguello Sergio $80,000
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/28/2016 07/28/16 Sold $2,125,000 -7.4% $408 / Sq Ft
12/18/2015 12/18/15 For Sale $2,295,000 -- $441 / 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 $29,732 $2,417,884 $1,706,743 $711,141
2023 $29,160 $2,370,476 $1,673,278 $697,198
2022 $27,810 $2,323,997 $1,640,469 $683,528
2021 $27,458 $2,278,429 $1,608,303 $670,126
2019 $26,638 $2,211,490 $1,560,600 $650,890
2018 $26,464 $2,168,140 $1,530,000 $638,140
2016 $12,277 $998,339 $748,757 $249,582
2015 $12,100 $983,344 $737,510 $245,834
2014 $12,158 $964,083 $723,064 $241,019
Source: Public Records

Agents Affiliated with this Home

  • Leslie Bega

    Seller's Agent in 2016

    Leslie Bega

    Keller Williams Beverly Hills

    (310) 600-6615

    1 Total Sale

    Leslie Bega
    Section Image
  • Michael Fukushima

    Buyer's Agent in 2016

    Michael Fukushima

    Keller Williams Los Angeles

    (818) 321-6490

    1 in this area

    36 Total Sales

    Michael Fukushima
    Section Image
See All Agents

Map

Source: The MLS

MLS Number: 15-966211

The MLS

APN: 4332-020-003

California Los Angeles County Los Angeles 90035 Pico-Robertson

8672 W Olympic Blvd, Los Angeles, CA

This home is located at 8672 W Olympic Blvd, Los Angeles, CA 90035 since 18 December 2015 and is currently estimated at $3,098,107, approximately $595 per square foot. This property was built in 1936. 8672 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.

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