Spanish-Style Apartment
8614 W Olympic Blvd, Los Angeles, CA 90035
For Sale
New
$1,895,000
Residential Income, Spanish, Los Angeles, CA
Property Size4,934 SF
Lot Size0.16 Acres
Price / SF$384.07
Days on Market3
Property Features for 8614 W Olympic Blvd
General Information
Property type
Property subtype
Zoning
Bedrooms
Bathrooms
Full bathrooms
Rooms
Parking
Parking features
Directions
Subdivision
Standard status
APN
Size
Lot size
Utilities
Heating system
Amenities
dedicated laundry area
landscaped courtyard
balconies
Building Details
Year built
Floors in Building
Number of units
Architectural style
Buildings
Listing Agency:
Equity Union
(818) 989-2000
Listed By:
Eliyahu Appel · License CA #01918652
(818) 390-4181
Added: Nov 11
Last Checked: Nov 13 at 4:06AM
MLS# 26106721
Copyright © 2026 The MLS/CLAW. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
Built in 1932, this Spanish-style apartment property contains five residences: three one-bedroom, one-bathroom units, one two-bedroom, one-bathroom unit, and one two-bedroom, one-and-a-half-bathroom unit. The building encompasses 4,934 square feet on a 7,000-square-foot lot. Interior details include hardwood flooring, arched shelving, and individual laundry areas. Spanish-influenced exterior elements include a tiled roof, decorative accents, and balconies. Five covered parking spaces serve the property, and forced-air furnaces replaced the original gravity systems in 2017.
The property is on Olympic Boulevard near Robertson and La Cienega. Nearby destinations named include La Cienega Park, Beverly Center, Cedars-Sinai Medical Center, and the Miracle Mile. The site is zoned LAR3, and its reported Walk Score is 84.
The property is on Olympic Boulevard near Robertson and La Cienega. Nearby destinations named include La Cienega Park, Beverly Center, Cedars-Sinai Medical Center, and the Miracle Mile. The site is zoned LAR3, and its reported Walk Score is 84.
Key Highlights
- Five apartments: three 1‑bedroom/1‑bath units, one 2‑bedroom/1‑bath unit, and one 2‑bedroom/1.5‑bath unit
- 4,934 square feet on a 7,000‑square‑foot lot
- Five covered parking spaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$79,392
Cap Rate
4.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,587,840
$1.6M
Cap Rate 7%
$1,134,171
$1.1M
Cap Rate 9%
$882,133
$882.1K
Market Conditions
NOI Build-Up for 4,934 SF
Gross rent
$156.9K $31.80/SF
− Vacancy
−$12.6K −$2.54/SF
EGI
$144.3K $29.26/SF
− OpEx
−$65.0K −$13.17/SF
NOI
$79.4K $16.09/SF
Area
Los Angeles County, CA
Vacancy
8.00%
Lease Rate
$31.80 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,587,840
Cap Rate 7%
$1,134,171
Cap Rate 9%
$882,133
Alternative Uses
Best Use
Apartment 5plus
$1.13M
$992.4K – $1.32M
NOI $79,392 @ 7.0% cap · market cap 4.19%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.06M
$1.80M – $2.40M
NOI $144,200 @ 7.0% cap · market cap 7.61%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
5
Residential units
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
7,417
Businesses Nearby
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Business Placement
Demographics for 90035, CA
30,294
Population
13,795
Households
2.2
Avg Household Size
37
Median Age
68%
College-Educated
95%
High-School Grad
2.3 sq mi
ZIP Area
13,171
Density / Sq Mi
$108,224
Median Household Income
$67,202
Median Earnings
$2,486
Median Rent
$1,844,000
Median Home Value
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Market
Average Price Trend$/SF for Apartment buildings in Los Angeles, CA
Properties on Market for Apartment buildings in Los Angeles
Vacancy Rate% for Multifamily in West region
Frequently Asked Questions
What type of property is this?
Apartment building - Five residences offer a mix of one- and two-bedroom floor plans, with covered parking and forced-air heating.
Where is this apartment building located?
The property is located at 8614 W Olympic Blvd Los Angeles, CA.
What is the asking price?
The asking price for this property is $1,895,000.
What are key features of this property?
This property features: Five apartments: three 1‑bedroom/1‑bath units, one 2‑bedroom/1‑bath unit, and one 2‑bedroom/1.5‑bath unit; 4,934 square feet on a 7,000‑square‑foot lot; Five covered parking spaces
