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$1,099,000   Price Analysis
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5506 W Olympic Blvd
Los Angeles, CA 90036
2 bed 3 bath 1,474 SqFt ($745/SqFt)
1,543SqFt lot. Built 2023
Listed 2023-07-10, HOA $142, Taxes $10,905
Ⓧ USDA Ineligible
due to price & location

near Los Angeles

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 smething to offer everyone.


Presented by Stephany Chen at
COMPASS.
Listing Agent Photo

Property MLS #23-288512 from TheMLSCLAW

Bedrooms: 2

Total Bathrooms: 3
Full Bathrooms: 3

2nd Story Family Room
Family Room Description: 1

Laundry Facilities: In Carport
Laundry Features: In Carport

Cooling Features: Air Conditioning, Central
Heating Features: Central

Furnished Description: Furnished Or Unfurnished
Flooring: Ceramic Tile, Wood Laminate

Lot Description: 5 + Lots
Lot Size Acres: 0.0354224
Lot Size Source: Vendor Enhanced
Lot Size Square Feet: 1543

Garage Description: Covered Parking, Carport Attached
Parking Total: 2

View: City, City Lights
Other Equipment: Alarm System, Dryer, Electric Dryer Hookup, Gas Or Electric Dryer Hookup, Microwave, Garbage Disposal, Dishwasher, Range/Oven
Security Features: Carbon Monoxide Detector(s)

Association: Yes
Association Fee: 142
Association Fee Frequency: Monthly
Calculated Total Monthly Association Fees: 142

Source Listing Status: Active
County: Los Angeles
Directions: Corner of Cochran Ave and West Olympic Blvd
Source Property Type: Residential
Area: Beverly Center-Miracle Mile
Source Neighborhood: Beverly Center-Miracle Mile
Parcel Number: 5085-010-026
Postal Code Plus 4: 4718
Zoning: LAR3
Property Subtype: Single Family Residence
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$646,611 + $277,119
$923,730
$10,905
2021$368,198 + $242,038
$610,236
$7,285

Price Changed 2023-10-03
$1,099,000
TheMLSCLAW
Listing removed 2023-09-07
$0
AppfolioUnits
Listing removed 2023-09-05
$0
TheMLSCLAW
Price Changed for rent 2023-08-15
$4,980
TheMLSCLAW
Listed for rent 2023-08-14
$5,200
AppfolioUnits
Listed for rent 2023-08-08
$5,200
TheMLSCLAW
Listed 2023-07-10
$1,118,000
TheMLSCLAW
Listing removed 2023-03-02
$0
CRMLS
Listed 2022-08-10
$1,118,000
CRMLS

Total Square Feet Living: 1474
Year Built: 2023
Common Walls: Detached/No Common Walls
Levels: Multi Levels, Three Or More Levels
Living Area Source: Vendor Enhanced
New Construction: Yes
Property Age: 1
Levels or Stories: 3
Building Total Stories: 3
Structure Type: Detached
House Style: Contemporary
Year Built Source: Assessor
Architectural Style: Contemporary

Wilshire Crest Elementary School is a public elementary school located approximately 0.3 miles away.
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John Burroughs Middle School is a public middle school located approximately 0.9 miles away.
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Fairfax Senior High School is a public high school located approximately 1.9 miles away.
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Bnos Devorah High School is a private high school located approximately 0 miles away.
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.