Updated
For Sale
$648,999
5856 S Olive, Los Angeles, CA 90003
Separate electric and gas meters serve each residence, while water service is shared.
Property Size1,424 SF
Days on Market10
Property Features for 5856 S Olive
General Information
Standard status
Active
Size
1,424 SF
Total Parking Spaces
2
Property subtype
MULTI_FAMILY
Zoning
LAR-2
Site & Location
Neighborhood
Florence
Highway Access
Yes
Public Transit
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
electricity, gas
Building Details
Building Size
1,424 SF
Year Built
1925
Listing Agency:
Pellego, Inc.
Listed By:
Sylvester Wilson Jr. · License #01875393
(310) 710-8266
Source:
Milsteinestates
Added: Oct 20
Changed: Oct 27
Last Checked: Oct 28 at 4:14PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pellego, Inc.
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Investment Insights
Based on property information with market context.
This 1925 duplex contains two residences with refreshed kitchens, bathrooms, flooring, and windows. Each unit has its own electric and gas meter; the water meter is shared. The property is zoned LAR-2, and both units are to be delivered vacant.
The property is near the 110 freeway, an MTA Transit Line, the LA Coliseum, and USC. Rear parking accommodates one car per unit.
The property is near the 110 freeway, an MTA Transit Line, the LA Coliseum, and USC. Rear parking accommodates one car per unit.
Key Highlights
- Two units, each with its own electric and gas meter
- LAR‑2 lot
- Built in 1925
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,237
Cap Rate
4.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,740
$644.7K
Cap Rate 7%
$460,529
$460.5K
Cap Rate 9%
$358,189
$358.2K
Market Conditions
NOI Build-Up for 1,424 SF
Gross rent
$47.0K $33.00/SF
− Vacancy
−$940 −$0.66/SF
EGI
$46.1K $32.34/SF
− OpEx
−$13.8K −$9.70/SF
NOI
$32.2K $22.64/SF
Area
ZIP 90003
Vacancy
2.00%
Lease Rate
$33.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$644,740
Cap Rate 7%
$460,529
Cap Rate 9%
$358,189
Alternative Uses
Best Use
Apartment 5plus
$25.18M
$22.03M – $29.37M
NOI $1,762,277 @ 7.0% cap · market cap 271.54%
Second Best
Multifamily LT 5
$460.5K
$403.0K – $537.3K
NOI $32,237 @ 7.0% cap · market cap 4.97%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,887
Businesses Nearby
Explore this area
Business Placement
Demographics for 90003, CA
72,764
Population
18,349
Households
4
Avg Household Size
30
Median Age
7%
College-Educated
53%
High-School Grad
3.6 sq mi
ZIP Area
20,212
Density / Sq Mi
$54,781
Median Household Income
$30,132
Median Earnings
$1,515
Median Rent
$547,600
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Duplex - Separate electric and gas meters serve each residence, while water service is shared.
Where is this duplex located?
The property is located at 5856 S Olive Los Angeles, CA.
What is the asking price?
The asking price for this property is $648,999.
What are key features of this property?
This property features: Two units, each with its own electric and gas meter; LAR‑2 lot; Built in 1925
