Residential Income
6121 E Olympic, Los Angeles, CA 90022
For Sale
$659,000
Pending
The property dates to 1949 and is situated between Hendricks and Westside Drive.
Property Size1,093 SF
Days on Market102
Property Features for 6121 E Olympic
General Information
Standard status
Size
Total Parking Spaces
Property subtype
Site & Location
Neighborhood
Amenities
Sidewalks
Building Details
Building Size
Year Built
Buildings
Stories
Listing Agency:
CENTURY 21 REALTY MASTERS
Listed By:
Edwin Blanco · License CA #02054714
(323) 695-1868
Source:
Evrealestate
Added: Jul 31
Changed: Nov 7
Last Checked: Nov 8 at 6:27AM
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 CENTURY 21 REALTY MASTERS
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Investment Insights
Based on property information with market context.
This residential income property, built in 1949, is located at 6121 E Olympic in Los Angeles, California. Its stated position is between Hendricks and Westside Drive.
Key Highlights
- Built in 1949
- Located between Hendricks and Westside Drive in Los Angeles
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$22,851
Cap Rate
3.47%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,020
$457.0K
Cap Rate 7%
$326,443
$326.4K
Cap Rate 9%
$253,900
$253.9K
Market Conditions
NOI Build-Up for 1,093 SF
Gross rent
$41.8K $38.28/SF
− Vacancy
−$293 −$0.27/SF
EGI
$41.5K $38.01/SF
− OpEx
−$18.7K −$17.11/SF
NOI
$22.9K $20.91/SF
Area
ZIP 90022
Vacancy
0.70%
Lease Rate
$38.28 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$457,020
Cap Rate 7%
$326,443
Cap Rate 9%
$253,900
Alternative Uses
Best Use
Apartment 5plus
$326.4K
$285.6K – $380.9K
NOI $22,851 @ 7.0% cap · market cap 3.47%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$445.3K
$389.7K – $519.6K
NOI $31,173 @ 7.0% cap · market cap 4.73%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
6,114
Businesses Nearby
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Business Placement
Demographics for 90022, CA
64,517
Population
17,845
Households
3.6
Avg Household Size
34
Median Age
10%
College-Educated
56%
High-School Grad
4.4 sq mi
ZIP Area
14,663
Density / Sq Mi
$67,829
Median Household Income
$32,304
Median Earnings
$1,407
Median Rent
$603,500
Median Home Value
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Market
Average Price Trend$/SF for Residential income properties in Los Angeles, CA
Properties on Market for Residential income properties in Los Angeles
Frequently Asked Questions
What type of property is this?
Residential income property - The property dates to 1949 and is situated between Hendricks and Westside Drive.
Where is this residential income property located?
The property is located at 6121 E Olympic Los Angeles, CA.
What is the asking price?
The asking price for this property is $659,000.
What are key features of this property?
This property features: Built in 1949; Located between Hendricks and Westside Drive in Los Angeles
