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6261 W Olympic Blvd, Los Angeles, CA 90048

List Price: $2,195,000On Market FlagOn market
Jan 10, 20253,990 sqft7 beds4 baths
Listed by: Sasha Rahban
License #: 01849286
Phone #: 310-963-9680
Douglas Elliman of California, Inc.
Source:
CRMLS Logo
MLS #: 25478719

Property Description

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!
Assignment
Get a detailed valuation report, schedule a tour or make an offer!
Kevin Kretzmer
Kevin Kretzmer

Role: TurboHome Head Agent

Experience: 10 years

No. of Transactions: 227

“I specialize in helping clients find their dream home or next investment in California, focusing on residential and multi-family properties. My client-first approach, clear communication, and attention to detail ensure that everyone I work with receives exceptional service.”

TurboHome Fair Market Estimate

TurboHome

TurboHome Savings

$28,941

TurboHome Estimated Value

$2,062,200

$517 sqft

High Valuation
$2,165,310
$543/sqft
Normal Valuation
$2,062,200
$517/sqft
Low Valuation
$1,959,090
$491/sqft

3rd Party Estimates

Source$/sqftValuation
HouseCanary$517/sqft$2,062,200

Neighborhood: Mid City West

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Comparative Value

$1.63M

$1.77M

$1.86M

$2.03M

$2.19M

$2.25M

6216 Orange St, Los Angeles, CA 90048

Sale Price: $1,625,000

Selected Comparable

1112 S Point View St, Los Angeles, CA 90035

Sale Price: $1,775,000

Selected Comparable

6306 W 6th St, Los Angeles, CA 90048

Sale Price: $1,865,000

Selected Comparable

1141 S Hayworth Ave, Los Angeles, CA 90035

Sale Price: $2,025,800

Selected Comparable

6261 W Olympic Blvd, Los Angeles, CA 90048

List Price: $2,195,000

Subject Property

6216 W 6th St, Los Angeles, CA 90048

Sale Price: $2,250,000

Selected Comparable

Neighborhood Comps

Subject Property

SUBJECT
6261 W Olympic Blvd, Los Angeles, CA 90048

6261 W Olympic Blvd, Los Angeles, CA 90048

List: $2,195,000

Listed: 1/10/2025

Area:3,990 sqft
Price/sqft:$550
Beds:7
Baths:4
Year Built:
Lot Size:5,228

Comparable Properties

COMPARABLE
Choose comps
1141 S Hayworth Ave, Los Angeles, CA 90035

1141 S Hayworth Ave, Los Angeles, CA 90035

Sale: $2,025,800

6/20/20250.28 mi

Area:3,633 sqft
Price/sqft:$558
Beds:6
Baths:4
Year Built:
Weight:21.4%
6216 Orange St, Los Angeles, CA 90048

6216 Orange St, Los Angeles, CA 90048

Sale: $1,625,000

5/28/20250.40 mi

Area:4,681 sqft
Price/sqft:$347
Beds:7
Baths:5
Year Built:
Weight:20.8%
6306 W 6th St, Los Angeles, CA 90048

6306 W 6th St, Los Angeles, CA 90048

Sale: $1,865,000

4/8/20250.44 mi

Area:4,319 sqft
Price/sqft:$432
Beds:6
Baths:4
Year Built:
Weight:20.0%
6216 W 6th St, Los Angeles, CA 90048

6216 W 6th St, Los Angeles, CA 90048

Sale: $2,250,000

12/30/20240.46 mi

Area:4,339 sqft
Price/sqft:$519
Beds:6
Baths:4
Year Built:
Weight:19.0%
1112 S Point View St, Los Angeles, CA 90035

1112 S Point View St, Los Angeles, CA 90035

Sale: $1,775,000

2/5/20250.22 mi

Area:3,334 sqft
Price/sqft:$532
Beds:6
Baths:4
Year Built:
Weight:18.8%

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