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!
Property Details
Price:
$2,195,000
MLS #:
25478719
Status:
Active
Baths:
0
Address:
6261 W Olympic Boulevard
Type:
Residential Income
Neighborhood:
c19beverlycentermiraclemile
City:
Los Angeles
Listed Date:
Jan 10, 2025
State:
CA
ZIP:
90048
Lot Size:
5,228 sqft / 0.12 acres (approx)
Year Built:
1924
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Schools
Interior
Appliances
Dishwasher, Disposal, Refrigerator
Cooling
None
Heating
Wall Furnace
Exterior
Lot Features
Front Yard
Parking Features
Assigned, Covered
Parking Spots
4.00
Stories Total
2
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Map
Community
- Address6261 W Olympic Boulevard Los Angeles CA
- AreaC19 – Beverly Center-Miracle Mile
- CityLos Angeles
- CountyLos Angeles
- Zip Code90048
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6261 W Olympic Boulevard
Los Angeles, CA
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