8686 W Olympic Boulevard
Los Angeles, CA 90035 • 3 Bed • 2 Bath • 6,213 sq.ft.

Property summary

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.

Days on market: 11

Listing updated: June 14, 2025 - 03:05:06

Property details

Property ID
25546199
Size
6213 sq.ft.
Home Type
Residential Income
Year Built
1926
Property Size
0.1706 acre
Garage
Levels
2
Spa
No
Patio
No
Basement
No
View
No
Pool
No

Listed by: Elliot Hassan DRE #01481211 949-717-5200, NorthMarq Realty Services, Inc. - CLAW

Source: CLAW, MLS#: CLW-X83311 Originating MLS: CRMLS

Interior information

Rooms
Bathrooms
2
Kitchen
N/A
Cooling
N/A
Heating
Wall Furnace
Flooring
N/A
Laundry
N/A
$2,200,000
Property price
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The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional. Based on information from California Regional Multiple Listing Service, Inc. as of 2025-06-18 00:28:45 PST and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

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