6261 W Olympic Boulevard

Los Angeles, CA 90048

PRICE REDUCED

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-$100,000 (-4.36%)

$2,195,000

List Price

7

bed Beds

4

shower Baths

3,990 sqft

straighten / sqft

1924

calendar_month Built

Property Description

Located just blocks from Beverly Hills, West Hollywood, La Cienega Park, and LACMA, this well-maintained 4-unit property offers the perfect blend of investment potential and owner-user appeal. One of the two-bedroom units is currently vacant, presenting an incredible opportunity for a buyer to move in and enjoy the benefits of homeownership while generating passive income from the other three rented unitsessentially having tenants help cover the mortgage. If you're an investor, you have the flexibility to lease the vacant unit to a tenant of your choice and maximize rental income. For investors seeking additional upside, the rear of the property may offer potential for ADU development, creating an opportunity to increase rental income and enhance the property's overall value.The property features three (3) updated two-bedroom/one-bath units and one (1) one-bedroom/one-bath unit. The remodeled two-bedroom units boast new flooring, modern kitchens, stylish bathrooms, and recessed lighting.Ideally situated between Beverly Hills and Carthay Circle, this vibrant neighborhood is known for its energy, walkability, and access to some of LA's best dining, shopping, and entertainment. Just minutes from the hottest restaurants in West Hollywood and luxury retail in Beverly Hills, this is an excellent first home purchase with built-in rental income or a strong long-term investment opportunity.Don't miss this rare chance to own in a prime location with multiple income-generating possibilities!

Listing Information

List Price $2,195,000
Status Active
MLS 25478719
Type Residential Income
Year Built 1924
Lot Size 5,228
Structure Size 3,990
DOM 82
Courtesy Of Douglas Elliman of California, Inc.
Listing Agent Sasha Rahban DRE#01849286
Co-Listing Agent Joshua Altman DRE#01764587

Interior Features

Total Bedroom
Bedrooms 7
Total Bathroom
Bathrooms 4
Cooling Type
Cooling Type None
Heating Type
Heating Type Wall Furnace

Exterior Information

Other Structures
Views City Lights

Maps

home_work Nearby Properties

Listing information courtesy of: Sasha Rahban, Joshua Altman, Douglas Elliman of California, Inc. 310-963-9680. *Based on information from the Association of REALTORS/Multiple Listing as of Apr 3rd, 2025 at 12:02 AM and/or other sources. Display of MLS data is deemed reliable but is not guaranteed accurate by the MLS. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.