CA > Los Angeles
Los Angeles, CA 90035,8686 W Olympic Blvd
Los Angeles, CA 90035,8686 W Olympic Blvd
Los Angeles, CA 90035,8686 W Olympic Blvd
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Kirshner Elkin Properties

Kirshner Elkin Properties

+1(424) 214-0133
$2,200,000
Est. payment /mo
3 Beds
2 Baths
6,213 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 6,213 sqft

Price per Sqft $354

MLS Listing ID 25546199

Bedrooms 3

Year Built 1926

Lot Size 7,432 Sqft

Acres 0.1706

Property Sub-Type Multi-Family

Property 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.

Location

State CA

County Los Angeles

Area Beverly Center-Miracle Mile

Zoning LAR3

Rooms

Other Rooms None

Interior

Heating Wall

Cooling Wall Unit(s)

Equipment None

Exterior

Parking Features Carport

Building

Level or Stories Two

Others

Special Listing Condition Standard

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TheMLS (CLAW)
The multiple listings information is provided by The MLSTM/CLAW from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2025 The MLSTM/CLAW. All Rights Reserved.

The information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified.

Listed by NorthMarq Realty Services, Inc.

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Kirshner Elkin Properties

+1(424) 214-0133

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