5506 W Olympic Boulevard, Los Angeles, CA 90036

$1,099,000 Asking Price

2 beds
3 baths
1,474  sqft
Built in 2023

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.

Features & Amenities

Interior

Appliances:
Dishwasher, Disposal, Microwave
Laundry:
Dryer, Other
A/C:
true, Central Air
Heating:
true, Central
Fireplace:
None

Exterior

Style:
Contemporary
Pool:
None
Parking:
Attached, Covered, Other

Construction

General:
Three or More Stories

Location

HOA Amenities:
142.0, Monthly
County:
Los Angeles

Lot

Zoning:
LAR3, 5085010026
View:
City Lights

This listing courtesy of:
Compass, Stephany Chen

About Los Angeles, CA

Housing

Number of Units
906,276
Median Home Value
$764,749
Median Rent
$1,399

71.58% of housing units are renter occupied.

6.82% are vacant.

Commute

Car
56.67%
Public Transportation
8.41%
Walk to Work
3.27%
Work from Home
29.71%
Other
1.00%

The median travel time to work is 25 minutes.

People

Population
2,373,885
Median Age
35.80
Median Household Size
2.78

Education

High School
18.57%
Associate’s Degree
5.55%
Bachelor’s Degree
22.72%
Graduate Degree
12.23%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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