5506 West Olympic Boulevard

Los Angeles, CA 90019

$1,099,000
Price
2
Beds
3
Baths
1,474 Sq. Ft.
$746 / Sq. Ft.
1,474
Sq. Ft.
$746
per Sq. Ft.

Description

Investment opportunity to purchase a newly constructed tri-level home. Tenant is on a month-to-month on a leased for $5,500.00/ per month. Property can be delivered vacant at close of escrow. Welcome to Maison 5, an exquisite collection of five brand new, individually titled Single Family Homes, each with its own APN, located in the heart of Los Angeles. Unit 5506 W Olympic is the 4th of the 5 with 2 bedrooms, 2.5 baths, and 1474 interior square feet. The home is currently occupied The area boasts...Investment opportunity to purchase a newly constructed tri-level home. Tenant is on a month-to-month on a leased for $5,500.00/ per month. Property can be delivered vacant at close of escrow. Welcome to Maison 5, an exquisite collection of five brand new, individually titled Single Family Homes, each with its own APN, located in the heart of Los Angeles. Unit 5506 W Olympic is the 4th of the 5 with 2 bedrooms, 2.5 baths, and 1474 interior square feet. The home is currently occupied The area boasts iconic landmarks such as the art-deco-style Wilshire Ebell Theatre and the renowned Los Angeles County Museum of Art (LACMA), featuring a vast collection of art and artifacts from around the world. Mid-Wilshire is also a haven for food and shopping enthusiasts, with its plethora of restaurants, cafes, and boutiques catering to diverse tastes. From classic LA diners to trendy eateries and cozy coffee shops, Mid-Wilshire has something to offer everyone.

Listing Agent

  1. Stephany Chen

    Stephany Chen

    Listing Agent

    Compass

    DRE #01939248

Property Details for 5506 West Olympic Boulevard

Zoning
LAR3
Style
Contemporary
Living Area
1474
Source Living Area
Vendor Enhanced
Area
Beverly Center-Miracle Mile (C19)
Lot Size Area
1543
Source Lot Size Area
Vendor Enhanced
Home owner Dues
$142

Location

Listing Courtesy of Compass, Stephany Chen, DRE #01939248
Add your commute
LISTING UPDATED: 05/04/2024 05:31 PM

Property Details for 5506 West Olympic Boulevard

StatusActive
MLS #23-288512
Days on Market344
Taxes-
HOA Fees$142 / month
Condo/Co-op Fees-
Compass TypeSingle Family
MLS TypeResidential / Single Family Residence
Year Built2023
Lot Size0.04 AC / 1,543 SF
CountyLos Angeles County

Location

Listing Courtesy of Compass, Stephany Chen, DRE #01939248
Add your commute

Virtual Tour

Building Information for 5506 West Olympic Boulevard

Stories3Year Built2023Building Size-Lot Size0.04 AC / 1,543 SF

Payment Calculator

$7,093 per month

30 year fixed, 7.25% Interest

Principal and Interest

$5,998

Property Taxes

$953

HOA Dues

$142

The Payment Calculator is for illustrative purposes only.

Property Information for 5506 West Olympic Boulevard

Community / Development
Community / Development
  • HOA Amount: $142
  • HOA: Yes
Structure Info
Structure Info
  • Building Type: Detached
  • Year Built Source: Assessor
  • Number Of Stories: 3
  • View: Yes
  • View Description: City, City Lights
  • Guest House: None
  • Planned Urban Dev: 1
  • Security Features: Carbon Monoxide Detector(s)
Contract Info
Contract Info
  • Disclosures: CC and R, As Is
  • Listing Type: Exclusive Agency
  • Service Level: Full Service
Land / Lot Info
Land / Lot Info
  • Land Lease Purchase: No
  • Horse: No
  • Additional Parcel Number: No
  • Lot Acreage: 0.0354
  • Lot Description: 5 + Lots
Parking Details
Parking Details
  • Parking Garage: Covered Parking, Carport Attached
  • Total Parking: 2
Interior Features
Interior Features
  • Rooms: 2nd Story Family Room
  • Levels: Multi/Split, Three Or More
  • Fireplace Rooms: None
  • Den: No
  • Family Room: 1
  • Dining Room: 0
  • Furnished: Furnished Or Unfurnished
  • Cooling Type: Air Conditioning, Central
  • Heating Type: Central
  • Flooring: Ceramic Tile, Wood Laminate
  • Equipment: Alarm System, Dryer, Electric Dryer Hookup, Gas Or Electric Dryer Hookup, Microwave, Garbage Disposal, Dishwasher, Range/Oven
  • Common Walls: Detached/No Common Walls
  • Laundry: In Carport
Exterior Features
Exterior Features
  • Pool: No
  • Pool Description: None
  • Spa: No
  • Spa: None
  • Other Structures: None

Property History for 5506 West Olympic Boulevard

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 5506 West Olympic Boulevard

Taxable ValueLand$282,661Additions$659,543Total$942,204
Tax Record2023$11,441 ($953 / month)
Home Facts
Beds2Total Finished SqFt1,474 SqFtAbove Grade Finished SqFt1,474 SqFtLot Size1,544 SqFtStyleSingle Family ResidenceYear Built2019ZoningLAR3CountyLOS ANGELESAPN5085-010-026

Schools near 5506 West Olympic Boulevard

This home is within Los Angeles Unified School District.
Rating
School
Type
Grades
Distance
Public - K to 5
Public - 6 to 12
Public - 9 to 12
Charter - 6 to 8
Rating
School
Distance
Wilshire Crest Elementary School
PublicK to 5

Fairfax Senior High School
Public9 to 12

New Los Angeles Charter School
Charter6 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.

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5506 West Olympic Boulevard is a single family home for sale in Los Angeles, CA 90019. This property was listed for sale on July 10, 2023 by Compass, it's currently listed at $1,099,000. This listing's school district is Los Angeles Unified School District. Nearby schools include Wilshire Crest Elementary School, Girls Academic Leadership Academy, Dr. Michelle King School For Sci, Tech, Eng And Math and Fairfax Senior High School. 5506 West Olympic Boulevard is a 2-bed, 3-bath, 1,474 sqft single family home built in 2023.

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 Compass, Stephany Chen, DRE #01939248

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.