Check Availability
Los Angeles 90019 PICO
5502 W Olympic Blvd
$1,298,000
House - For Sale

5502 W Olympic Blvd

Los Angeles, CA 90036
bedrooms
3 Beds
bathrooms
3 Baths
square feet
2135 Sqft
$6,516
Estimated Monthly
$142
HOA / Fees
4.72%
Cap Rate

About This Property

Tenant occupied, on month to month., Can be delivered vacant. Limited showing due to occupancy. Welcome to Maison 5, an exquisite collection of five newly constructed, individually titled Single Family Homes, each with its own APN, located in the heart of Los Angeles. 5502 W. Olympic is the largest of the five with 3 bedrooms, 4 baths and 2135 interior square feet.  These modern-style homes are designed across tri and quad levels, offering a luxurious living experience. The ground floor features a convenient 2-car garage with direct foyer access. As you ascend to the second level, you'll be captivated by the open-concept living area, including a spacious and stylish kitchen that's perfect for entertaining. Abundant natural light fills the living room, complementing the sleek contemporary design, creating an ideal space for relaxation. The bedrooms, all located on the upper floors, offer private bathrooms and ample closet space. The primary suite is a tranquil retreat, providing a private oasis to unwind after a long day. Conveniently situated in the vibrant and diverse Mid-Wilshire neighborhood, known for its central location, beautiful architecture, and rich cultural history, Maison 5 offers a coveted living experience. The area boasts iconic landmarks such as the art-deco-style Wilshire Ebell Theatre and the renowned Los Angeles County Museum of Art (LACMA), featuring a vast collection of art and artifacts from around the world. Mid-Wilshire is also a haven for food and shopping enthusiasts, with its plethora of restaurants, cafes, and boutiques catering to diverse tastes. From classic LA diners to trendy eateries and cozy coffee shops, Mid-Wilshire has something to offer everyone.

The manager has listed the unit size as 2135 square feet.
Unit Size
2,135Ft²
Days on Market
41 days
Land Size
0.03 acres
Price per sqft
$608
Property Type
House
Property Taxes
-
HOA Dues
$142
Year Built
2019
Last updated: 2 months ago (CLAWCA #361519)

Price History

Date / Event Date Event Price
Mar 15, 2024 Listed by Compass $1,298,000
Listed by Compass
Apr 22, 2023 No longer available -
No longer available
Apr 19, 2023 Price Decreased $1,350,000
↓ $91K (6.3%)
Price Decreased
Apr 13, 2023 Relisted $1,441,125
Relisted
Apr 11, 2023 No longer available -
No longer available
Show More

Property Highlights

Air Conditioning

Building Info

Overview

    General

  • Year Built: 2019
  • Effective Year Built: 2019
  • Building Count: 1
  • Bedroom Count: 3
  • Bathroom Count: 3
  • Full Bathrooms: 3
  • Partial Bathrooms: 3
  • Basement Area: 0
  • Parking Space Count: 0

    Dimensions

  • Lot Size Square Feet: 1,265
  • Total Building Area: 2,135
  • Building Area: 2,135
  • Building Area Measurement: unknown

    Heating and Cooling

  • Air Conditioning: unknown
  • Heating: unknown
  • Heated Square Feet: 2,135
  • Heating Fuel Type: unknown

    Utilities

  • Sewer System: unknown
  • Water Service: unknown

Building

  • Property Class: unknown
  • Subdivision: TRACT NO. 73723
  • Land Acres: 0.029
  • Legal Description 1: TR=73723 LOT 2

Ownership

  • Current Owner Is a Corporation Indicator: Yes

Neighborhood

  • School District Name: Los Angeles Unified School District
  • Census Tract: 216202

Zoning

  • Zoning: LAR3

Geography

  • Subdivision Tract Number: 73723
  • Parcel: 5085-010-024
  • Lot: 2
  • Municipality: WEST /PARK LABREA
  • Latitude: 34.0572
  • Longitude: -118.35

    Address

  • Full Address: 5502 W Olympic Blvd
  • Address - House Number: 5502
  • Street Direction: W
  • Address - Street Name: Olympic
  • Address - Suffix Type: Blvd
  • State: CA
  • City Name: Los Angeles
  • Carrier Code: C024
  • 4-Digit Zip Code: 4718
  • Zip Code: 90036

Valuation

    Tax

  • Tax Year: 2022
  • Tax Amount: $16,359
  • Tax Rate Code Area: 00-067

    Appraisal Valuation

  • Standard Deviation: 0.0676
  • Valuation Date: Mar 13, 2024
  • Confidence Score: 96
  • Final Value: 1,361,122
  • High Value: 1,453,200
  • Low Value: 1,269,045

    Open Liens

  • Total Open Liens: 1
  • Total Open Liens Amount: $625,000
  • First Open Lien Mortgage Lender: EAST WEST BANK
  • First Open Lien Mortgage Recording Date: Sep 18, 2023
  • First Open Lien Mortgage Financing Type: unknown
  • First Open Lien Mortgage Loan Amount: $625,000
  • First Open Lien Mortgage Term: 360
  • First Open Lien Mortgage Position: 1
  • First Open Lien Mortgage Loan Type: unknown
  • First Open Lien Mortgage Loan Due Date: Oct 01, 2053

    Assessments Valuation

  • Assessed Year: 2023
  • Assessed Total Value: $1,415,728
  • Assessed Land Value: $424,718
  • Assessed Improvements Value: $991,010

Comparables

Unit
Status
Type
Beds
Baths
ft²
Price/ft²
Asking Price
Listed On
Closing Price
Sold On
HOA + Taxes
House
3 Beds
2 Baths
2,021 ft²
$693/ft²
$1,399,999 Jan 15, 2024
-
-
House
3 Beds
2 Baths
1,617 ft²
$927/ft²
$1,499,000 Feb 29, 2024
-
-
House
3 Beds
2 Baths
1,779 ft²
$601/ft²
$1,069,000 Feb 26, 2024
-
-
Multifamily
3 Beds
4 Baths
2,559 ft²
$508/ft²
$1,300,000 May 9, 2020
-
-
House
2 Beds
3 Baths
1,474 ft²
$746/ft²
$1,099,000 Jul 10, 2023
-
$142/mo
Condo
3 Beds
3 Baths
1,440 ft²
$833/ft²
$1,200,000 Feb 29, 2024
-
$654/mo
House
2 Beds
1 Bath
1,369 ft²
$1,092/ft²
$1,495,000 Mar 6, 2024
-
-
Other
Loft
-
3,138 ft²
$478/ft²
$1,499,000 Nov 27, 2023
-
-

About Central LA


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Frequently Asked Questions

When was property at 5502 West Olympic Boulevard built and last sold?
The property at 5502 West Olympic Boulevard was built in 2019 and last sold on Jan 1, 1970 for $0.
How much is this home worth?
The estimated value of the home located at 5502 West Olympic Boulevard is $1,339,344.
What are some comparable homes to 5502 West Olympic Boulevard?
Homes that are comparable to 5502 West Olympic Boulevard include a house property at 1116 South Curson Avenue, 5506 West Olympic Boulevard, 600 South Ridgeley Drive.

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