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8686 W Olympic Blvd
Off-Market Call for Pricing
Call for Pricing
- 8 Units
- 6,213 Sq Ft
- 7,432 Sq Ft
- Unknown Cap Rate
Description
Offered for sale on the open market for the first time in over 60 years, 8686 West Olympic presents a rare opportunity for investors to reposition a well-maintained asset in one of Los Angeles' most supply-constrained and desirable rental markets. Current ownership has maintained the building over the years, making selective upgrades as needed, but much of the property remains in original condition giving the next owner a clear path to unlock significant value through targeted interior and exterior renovations. With a ~22% loss-to-lease on in-place rents, new ownership can capitalize on substantial upside by aligning units with the luxury expectations of a tenant base drawn to the property's proximity to Beverly Hills. The surrounding submarket is dominated by vintage, unrenovated character buildings, creating a unique opportunity to deliver a boutique product that stands out in the local rental landscape. Originally constructed in 1926, the property sits on a 7,430 SF corner lot and consists of two separate two-story walk up structures with a total of 7 (seven) on-site parking spaces. The unit mix includes one (1) Single and seven (7) 1-bedroom, 1-bath units. The building offers excellent frontage on Olympic Boulevard, lush landscaping, and underutilized common areas that could be reimagined to enhance resident experience and overall value.
Owner
Do you own or manage this property?
This is My PropertyAmenities
Garage
Pool
Garden
Security System
Internet
Telephone
Heating
Fireplace
Balcony & Patio
TV / Cable
Laundry
Hardwood Floors
Spa
Air Conditioning
Solar Power
Floor Plan
Great Views
Natural Light
Quiet
Water View
Elevator
Guest Unit(s)
Furnished
220 Volt
Property Details
| List Price | $2,200,000 |
| Property Type | Multi-Family |
| Usable Sqft | 6,213 |
| Number of Stories | 0 stories |
| Parking Spots | 0 spots |
| Year Built | 1926 |
| Last Sold | August 08, 2025 |
| Sold Price | 1,950,000 |
| APN # | 4332020001 |
| MLS # | 25546199 |
| Property ID | 293104332 |
| Lot Sqft | 7,432 |
| Zoning | LAR3 |
| Total Units | 8 |
| Date Updated | August 20, 2025 |
| Date Created | May 31, 2025 |
| Unit # | Beds | Baths | Current Rent | Proforma Rent |
| Unit #1 | 0 | 1.00 | $1,233 | $1,900 |
| Unit #2 | 1 | 1.00 | $1,983 | $2,500 |
| Gross Income (Yr) | $ 175,925 |
| Operating Expenses | $ 59,160 |
| Net Income (Yr) | $ 116,765 |
| Cap Rate | 5.31% |
Listing Provided By
Elliot Hassan an agent of . Lic #01481211
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Robert Crawford
REAL ESTATE AGENT