8639 Olin Street

Los Angeles, CA 90034

$2,100,000
Last Sold Price
6
Beds
6
Baths
3,600 Sq. Ft.
$583 / Sq. Ft.
3,600
Sq. Ft.
$583
per Sq. Ft.

Description

Opportunity to purchase a pride of ownership 6 unit building adjacent to Culver City. 8639 Olin St. Los Angeles is a very-well maintained and low-maintenance six-unit apartment building in an area booming with new construction. The unit mix consists of: (Six) 1 Bed + 1 Bath units which have all been recently updated and remodeled with newer kitchens, bathrooms, flooring, dishwashers, and in-unit washer/dryer hookups. This pride of ownership property has low-water landscaping, has been recently painted,...Opportunity to purchase a pride of ownership 6 unit building adjacent to Culver City. 8639 Olin St. Los Angeles is a very-well maintained and low-maintenance six-unit apartment building in an area booming with new construction. The unit mix consists of: (Six) 1 Bed + 1 Bath units which have all been recently updated and remodeled with newer kitchens, bathrooms, flooring, dishwashers, and in-unit washer/dryer hookups. This pride of ownership property has low-water landscaping, has been recently painted, has 6 open parking spaces, and all units have outside patio or balcony area. The building is 3600SF and sits on a 7251SF lot. Minutes to Culver City's popular restaurants, fitness centers, theaters, Helms Bakery and Home Furnishing Shopping District, and the Expo Line. Lots of open space for ADU potential. Call for additional information.
  1. Listed by Linda Light • DRE #00786737 • Brokerage DRE #01464847 • Coldwell Banker Residential Brokerage
  2. Listed by Taylor Light • DRE #02084441 • Brokerage DRE #01464847 • Coldwell Banker Residential Brokerage

Property Details for 8639 Olin Street

Zoning
LAR3
Parcel Number
5065009007
Total Units
6.0
Living Area
3600
Source Living Area
Vendor Enhanced
Area
Beverlywood Vicinity (C09)
Vacancy Rate
0
Lot Size Area
7251

Location

Listing Courtesy of Coldwell Banker Residential Brokerage, Linda Light, DRE #00786737; Coldwell Banker Residential Brokerage, Taylor Light, DRE #02084441

Sold By Shahin Kahroba, Shahin Kahroba, DRE #01970345

Add your commute
LISTING UPDATED: 07/13/2023 08:52 AM

Property Details for 8639 Olin Street

StatusSold
MLS #23-259635
Days on Market46
Taxes-
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income
Year Built1949
Lot Size0.17 AC / 7,251 SF
CountyLos Angeles County

Location

Listing Courtesy of Coldwell Banker Residential Brokerage, Linda Light, DRE #00786737; Coldwell Banker Residential Brokerage, Taylor Light, DRE #02084441

Sold By Shahin Kahroba, Shahin Kahroba, DRE #01970345

Add your commute

Building Information for 8639 Olin Street

Stories2Residences-Year Built1949Building Size-Lot Size0.17 AC / 7,251 SF

Payment Calculator

$12,703 per month

30 year fixed, 7.25% Interest

Principal and Interest

$11,461

Property Taxes

$1,242

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 8639 Olin Street

Community / Development
Community / Development
  • Number Of Units: 6
  • Senior Community: No
Structure Info
Structure Info
  • Year Built Source: Vendor Enhanced
  • Number Of Stories: 2
  • Number Of Buildings: 1
  • Type Of Units: Apartments
Contract Info
Contract Info
  • Disclosures: As Is
  • Listing Type: Exclusive Right To Sell
  • Service Level: Full Service
Income & Expenses Information
Income & Expenses Information
  • Scheduled Actual: Actual
  • Gross Operating Income: $144,156
  • Net Operating Income: $96,114.00
  • Gross Income: $144,156
  • Cap Rate: 4.20%
  • Gross Rent Multiplier: $15.94
  • Total Annual Expense: 48042
Land / Lot Info
Land / Lot Info
  • Lot Acreage: 0.1665
  • Lot Size Square Feet: 7251
  • Lot Size Dimensions: 50x145
  • Source Lot Size Dimensions: Vendor Enhanced
Parking Details
Parking Details
  • Parking Garage: Uncovered
  • Total Parking: 6
  • Parking Features: Uncovered
Interior Features
Interior Features
  • Cooling Type: Ceiling Fan, Wall Unit(s)
  • Heating: Wall Furnace
  • Heating Type: Wall
  • Equipment: Ceiling Fan, Dishwasher, Stackable W/D Hookup, Garbage Disposal
  • Interior Features: Ceiling Fan(s)
  • Laundry: Stackable
Exterior Features
Exterior Features
  • New Construction: No
  • Other Structures: None
Lease Terms
Lease Terms
  • Entry Date: 04-25-2023
Unit Details
Unit 1 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,985.00
  • Unit Actual Rent: $1,985.00
  • Unit Projected Rent: $1,985.00
  • Like Units: 1
Unit 2 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,175.00
  • Unit Actual Rent: $2,175.00
  • Unit Projected Rent: $2,175.00
  • Like Units: 1
Unit 3 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $2,175.00
  • Unit Actual Rent: $2,175.00
  • Unit Projected Rent: $2,175.00
  • Like Units: 1
Unit 4 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,708.00
  • Unit Actual Rent: $1,708.00
  • Unit Projected Rent: $1,708.00
  • Like Units: 1
Unit 5 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,985.00
  • Unit Actual Rent: $1,985.00
  • Unit Projected Rent: $1,985.00
  • Like Units: 1
Unit 6 Information
  • Unit Beds: 1
  • Unit Baths: 1
  • Unit Furnished: No
  • Unit Rent: $1,985.00
  • Unit Actual Rent: $1,985.00
  • Unit Projected Rent: $1,985.00
  • Like Units: 1
Unit Details
  • Unit Type Type: 2106, 2107, 2108, 2109, 2110, 2111
Tax and Assessed Info
Tax and Assessed Info
  • Assessed Improvement Value: $232,078.00
  • Assessed Improvement Percent: 20.41
  • Assessed Land Value: $905,110.00
  • Assessed Land Percent: 79.59
  • Assessed Total Value: $1,137,188.00

Property History for 8639 Olin Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

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

Public Records for 8639 Olin Street

Taxable ValueLand$923,212Additions$236,719Total$1,159,931
Tax Record2023$14,907 ($1,242 / month)
Home Facts
Total Finished SqFt3,600 SqFtAbove Grade Finished SqFt3,600 SqFtLot Size7,251 SqFtStyleMulti-Family Res (5+ Units)Year Built1949ZoningLAR3CountyLOS ANGELESAPN5065-009-007

Schools near 8639 Olin Street

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

Alexander Hamilton Senior High School
Public9 to 12

Cheviot Hills Continuation School
Public9 to 12

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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Listing Courtesy of Coldwell Banker Residential Brokerage, Linda Light, DRE #00786737; Coldwell Banker Residential Brokerage, Taylor Light, DRE #02084441

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.