3900 Olmsted Avenue

Los Angeles, CA 90008

$855,000
Last Sold Price
5
Beds
4
Baths
2,650 Sq. Ft.
$323 / Sq. Ft.
2,650
Sq. Ft.
$323
per Sq. Ft.

Description

Amazing Investment Income Opportunity! This is a 5 bd 3 ba home with a Huge bonus being used for a Successful 24 hr Child Care which has it's own address. All of the safety requirements are in place, health and safety inspections are all A+, and several of the child care furnishings and supplies can be negotiated. The home includes a newly upgraded kitchen with massive storage and a large island. The drop down tv stand helps maximize room space. A bedroom and bathroom downstairs gives family options...Amazing Investment Income Opportunity! This is a 5 bd 3 ba home with a Huge bonus being used for a Successful 24 hr Child Care which has it's own address. All of the safety requirements are in place, health and safety inspections are all A+, and several of the child care furnishings and supplies can be negotiated. The home includes a newly upgraded kitchen with massive storage and a large island. The drop down tv stand helps maximize room space. A bedroom and bathroom downstairs gives family options on space. The upstairs layout provides plenty of rooms for the family. 20 Minutes to LAX and LA Beaches. Tons of shopping and services within walking distance. The garage has been converted to Brand New permitted ADU studio/bath/kitchen with a separate entrance and with it's own address per the City of LA. This Studio unit can pull top end lease rate for the area - leases range from $1300-$1450. Tons of off street parking spaces and a very large backyard area maximize this lot. This is a MUST tour even if your client is not easily excited.
  1. Listed by Caro Evans • DRE #01439630 • Brokerage DRE #01439630 • Caro Evans, Broker

Property Details for 3900 Olmsted Avenue

Architectural Style
Traditional
View
Neighborhood
Parking Spaces Total
0
Private Pool
No
Cooling Type
Central Forced Air
Total Units
2.0
Building Type
Attached
Lot Size Source
Assessor

Location

Listing Courtesy of Caro Evans, Broker, Caro Evans, DRE #01439630

Sold By Caro Evans, Broker, Caro Evans, DRE #01439630

Add your commute
LISTING UPDATED: 04/21/2021 05:48 AM

Property Details for 3900 Olmsted Avenue

StatusClosed
MLS #PW21035802
Days on Market16
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1941
Lot Size0.14 AC / 6,006 SF
CountyLos Angeles County

Location

Listing Courtesy of Caro Evans, Broker, Caro Evans, DRE #01439630

Sold By Caro Evans, Broker, Caro Evans, DRE #01439630

Add your commute

Building Information for 3900 Olmsted Avenue

Stories2Residences-Year Built1941Building Size-Lot Size0.14 AC / 6,006 SF

Payment Calculator

$6,092 per month

30 year fixed, 7.25% Interest

Principal and Interest

$4,666

Property Taxes

$1,426

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 3900 Olmsted Avenue

Rental Info
Rental Info
  • Tenant Pays: All Utilities, Insurance
Income / Expense / Tax Details
Income Details
  • Gross Income: $111,600
  • Gross Scheduled Income: $111,600
  • Net Operating Income: $93,700
  • Other Income 1: $96,000
  • Other Income 2: $15,600
  • Financing: Cash
Expense Details
  • Operating Expense: $17,900
  • New Taxes Expense: $10,000
  • Fuel Expense: $1,200
  • Electric Expense: $3,000
  • Insurance Expense: $1,900
  • Trash Expense: $1,560
  • Water Sewer Expense: $240
  • Total Expenses: $17,900
Tax / Assessment Info
  • Tax Tract Number: 11193
  • Tax Census Tract: 2342.00
  • Tax Lot: 80
Community / Development
Community / Development
  • Accessibility Features: None
  • Disability Access: None
  • Assessments YN: No
  • Assessments: None
  • Community Features: Sidewalks
Property / Structure Info
Interior Features
  • Appliances: Gas Oven, Gas Cooktop, Self Cleaning Oven, Water Heater
  • Equipment: Inside
  • Interior Features: Block Walls, Built-in Features, Open Floorplan, Recessed Lighting, Stone Counters
  • Room Type: Converted Bedroom, Laundry, Main Floor Bedroom
  • Bedroom Features: Converted Bedroom, Main Floor Bedroom
  • Laundry: Yes
  • Laundry Features: Inside
  • Fireplace Features: None
  • Fireplace Rooms: None
  • Cooling: Central Air
  • Heating: Central
  • Flooring: Wood
Exterior Features
  • Security Features: Carbon Monoxide Detector(s), Security System, Smoke Detector(s)
  • Construction Materials: Stucco
  • Exterior Construction: Stucco
  • Exterior: Stucco
  • Roof: Shingle
  • Fence: Yes
  • Fence: Vinyl
  • Fencing: Block, Vinyl
  • Foundation Details: Slab
  • Pool Features: None
  • Pool Description: None
  • Pool: N/K
  • Spa Features: None
Land/Lot Info
  • Lot Features: 2-5 Units/Acre, Back Yard, Corner Lot, Front Yard, Level with Street
  • Number Of Units: 2
  • Land Lease: No
  • Land Lease Type: Fee
  • Topography: Level
  • Road Surface Type: Maintained
  • Road Frontage Type: City Street
  • Levels: Two
  • Sewer: Public Sewer
  • Utilities: Cable Connected, Electricity Connected, Natural Gas Connected, Phone Connected, Sewer Connected, Water Connected
  • Electric: 220 Volts in Laundry
  • Water Source: Public
Parking Info
  • Garage Spaces: 0
  • Parking: Yes
  • Parking Garage: Driveway, Gated, Oversized
  • Parking Garage Spaces: 0
  • Carport Spaces: 0
  • Parking Features: Driveway, Concrete, Driveway Level, Gated, Off Street, Oversized
Unit Information
Unit 1
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 5
  • Unit Type Baths Total: 3
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $5,200
  • Unit Type Pro Forma: 5200
  • Unit Type Type: 1
Unit 2
  • Unit Type Units Total: 1
  • Unit Type Beds Total: 0
  • Unit Type Baths Total: 1
  • Unit Type Furnished: Unfurnished
  • Unit Type Garage Spaces: 0
  • Unit Type Garage Attached: No
  • Unit Type Actual Rent: $0
  • Unit Type Total Rent: $1,450
  • Unit Type Pro Forma: 1450
  • Unit Type Type: 2
Unit Information
  • Number Of Units Leased: 0
  • Rent Controlled: No
  • Number Of Buildings: 1
  • Number Of Separate Electric Meters: 2
  • Number Of Separate Gas Meters: 2
  • Number Of Separate Water Meters: 2
  • Number With Dishwasher: 0
  • Number With Range: 2
  • Number With Refrigerator: 2
  • Number With Carpet: 0
  • Number Wall AC: 1

Property History for 3900 Olmsted Avenue

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 3900 Olmsted Avenue

Taxable ValueLand$969,000Additions$418,200Total$1,387,200
Tax Record2023$17,107 ($1,426 / month)
Home Facts
Beds5Total Finished SqFt3,070 SqFtAbove Grade Finished SqFt3,070 SqFtStories2Lot Size6,006 SqFtStyleSingle Family ResidenceYear Built1941ZoningLAR1CountyLOS ANGELESAPN5033-020-025

Schools near 3900 Olmsted Avenue

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Charter - K to 8
Public - 9 to 12
Charter - 9 to 12
Rating
School
Distance
Tom Bradley Global Awareness Magnet School
PublicK to 5

New Heights Charter School
CharterK to 8

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

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Similar Sold Homes

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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Caro Evans, Broker, Caro Evans, DRE #01439630

Based on information from one of the following Multiple Listing Services: CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by CRMLS, CLAW, I-Tech, ROWMLS, GPSMLS, SDMLS, VCRDS/PFAR, Idyllwild Association of Realtors, Ojai Valley Board of REALTORS and/or AVMLS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.