9 months on rocket

5506 W Olympic Blvd, Los Angeles, CA, 90036

$1,099,000

Home List Price

$10,000*

Closing Credit

2 Bedrooms
3 Full Baths
1,474 SqFt
$746/SqFt
House
Schools Nearby

Location

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5506 W Olympic Blvd, Los Angeles$1,099,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingAttached Carport, Covered
Attached GarageYes
Year Built2023
HeatingCentral
CoolingCentral Air
FireplaceNone
ViewCity Lights
MLS #23288512
Lot Size0.04 Acres
StatusActive

About 5506 W Olympic Blvd

Investment opportunity to purchase a newly constructed tri-level home. Tenant is on a month-to-month on a leased for $5,500.00/ per month. Property can be delivered vacant at close of escrow. Welcome to Maison 5, an exquisite collection of five brand new, individually titled Single Family Homes, each with its own APN, located in the heart of Los Angeles. Unit 5506 W Olympic is the 4th of the 5 with 2 bedrooms, 2.5 baths, and 1474 interior square feet. The home is currently occupied 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.

Property Details

Property Features

Property Information:

  • Architectural Style: Contemporary
  • Year Built: 2023
  • Stories: 3
  • Living Area: 1,474 SqFt

Listing Office:

  • Office Name: Compass
  • Office Phone: (310) 230-5478
  • Listing Agent: Stephany Chen

Interior Features

Interior Information:

  • Appliances: Dishwasher, Disposal, Microwave, Dryer
  • Fireplace: None

Bedroom and Bathroom Information:

  • Full Bathrooms: 3
  • Total Bedroom Count: 2

Exterior Features

Exterior Information:

  • Private Pool: No
  • View: City Lights

Parking Information:

  • Attached Garage: Yes
  • Parking: Attached Carport, Covered

Lot Features

Lot Information:

  • Lot Size: 0.04 Acres

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

School Info

Assigned Schools Information:

  • Fairfax Senior High School, Public Magnet Grades 9-12
  • Math, Science, & Technology Magnet Academy at Roosevelt High School, Public Magnet Grades 9-12
  • Daniel Pearl Journalism & Communications Magnet, Public Magnet Grades 9-12
  • John Burroughs Middle School, Public Magnet Grades 6-8
  • Studio, Public District Grades 6-8
  • Wilshire Crest Elementary School, Public District Grades KG-5
  • Melrose Avenue Elementary School, Public Magnet Grades KG-6
  • Academy For Enriched Sciences, Public Magnet Grades 1-5

Other

Directions Information:

  • Directions: Corner of Cochran Ave and West Olympic Blvd

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,099,000
  • Price Per SqFt: $746/SqFt

HOA Fees:

  • Amount: $142
  • Frequency: Monthly

Tax Information:

  • Annual Amount: $7,285
  • Tax Year: 2021
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Housing Market Comparison

See how this home compares to others in Los Angeles, CA.

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Los Angeles, CA

City

Med. Sold Price

$975.9K

Med. Price/SqFt

$628

Avg. Days On Market

34

# of Sold Homes

1403

5506 W Olympic Blvd vs Los Angeles

292 DAYS ON ROCKET

+258 Days

$1,099,000

+$123K More

$746/SqFt

+$118 More

KEY TAKEAWAY

This property is $123K more than the Median Sold Price and $118/SqFt more than other homes in Los Angeles, CA.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: CRMLS
  • MLS Number: #23288512

Listing Office:

  • Office Name: Compass
  • Office Phone: (310) 230-5478
  • Listing Agent: Stephany Chen

IDX Based on information from California Regional Multiple Listing Service, Inc. 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. The data contained herein is copyrighted by CRMLS and is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited.

The information being provided by California Regional Multiple Listing Service, Inc. (“CRMLS”) is for your personal, non-commercial use and may not be used for any purpose other than to identify prospective properties you may be interested in purchasing. Any information relating to a property referenced on this web site comes from CRMLS. Properties may or may not be listed by the office/agent presenting the information. Real estate listings held by brokerage firms other than this broker are marked with the Internet Data Exchange logo and detailed information about them includes the names of the listing brokers and listing agents. MLS search engine provided by IHR Technology Services. This data is updated every 2 hours. Some properties appearing for sale on this display may subsequently have sold and may no longer be available.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 4/28/2024, 12:25:20 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2021$7,285$610,236

History based on county public records data.

Payment Calculator

$5,695

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,361

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NMLS#3030

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Elementary School

school-card-donut-2251571
4
/10

  • Wilshire Crest Elementary School

  • 5241 W Olympic Blvd

  • 0.35 miles

  • Public District Grades KG-5

school-card-donut-2251572
8
/10

  • Melrose Avenue Elementary School

  • 731 N Detroit St

  • 1.89 miles

  • Public Magnet Grades KG-6

school-card-donut-2251573
9
/10

  • Academy For Enriched Sciences

  • 6170 Lockhurst Dr

  • 19.11 miles

  • Public Magnet Grades 1-5

Middle School

school-card-donut-2251574
8
/10

  • John Burroughs Middle School

  • 600 S Mccadden Pl

  • 0.88 miles

  • Public Magnet Grades 6-8

school-card-donut-2251575
4
/10

  • Studio

  • 2211 W Avenue 30

  • 7.25 miles

  • Public District Grades 6-8

High School

school-card-donut-2251576
4
/10

  • Fairfax Senior High School

  • 7850 Melrose Ave

  • 1.91 miles

  • Public Magnet Grades 9-12

school-card-donut-2251577
8
/10

  • Math, Science, & Technology Magnet Academy at Roosevelt High School

  • 456 S Mathews St

  • 7.99 miles

  • Public Magnet Grades 9-12

school-card-donut-2251578
8
/10

  • Daniel Pearl Journalism & Communications Magnet

  • 6649 Balboa Blvd

  • 12.72 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $57,182. Residents of Los Angeles, CA typically earn between $35k-100k each year. Residents typically live in single, no kids family. Residents of this area typically have post secondary degree education.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5506 W Olympic Blvd

What is the listing price of this property?

The listing price of 5506 W Olympic Blvd property is $1,099,000.

What type of property is this?

The property 5506 W Olympic Blvd is a house located in Los Angeles, California, 90036.

Is this property for sale now?

Active Listing: 5506 W Olympic Blvd is For Sale (Active/New) which means the seller is accepting offers.

What are the assigned schools for this property?

The assigned schools for 5506 W Olympic Blvd are:
Wilshire Crest Elementary School: GreatSchools Rating 4/10
Melrose Avenue Elementary School: GreatSchools Rating 8/10
Academy For Enriched Sciences: GreatSchools Rating 9/10
John Burroughs Middle School: GreatSchools Rating 8/10
Studio: GreatSchools Rating 4/10
Fairfax Senior High School: GreatSchools Rating 4/10
Math, Science, & Technology Magnet Academy at Roosevelt High School: GreatSchools Rating 8/10
Daniel Pearl Journalism & Communications Magnet: GreatSchools Rating 8/10

What is the annual property tax for this property?

According to the records, the last property tax for 2021 is $7,285 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5506 W Olympic Blvd has 2 bedrooms and 3 bathrooms.

What is the square footage of this property?

The property 5506 W Olympic Blvd is 1,474 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5506 W Olympic Blvd is 2023.

Rocket Homes›California›Los Angeles County›Los Angeles›90036›5506 W Olympic Blvd

This home is located at 5506 W Olympic Blvd in Los Angeles, CA and zip code 90036 in the Central LA neighborhood. This 1,474 square foot home, which was built in 2023, sits on a 0.04 acre lot. Features: 2 bedrooms, 3 bathrooms. It has been listed on Rocket Homes since July 10, 2023 and is currently priced at $1,099,000.

In March 2024, from all listings sold in Los Angeles, CA there were more than 628 sold above asking price, over 579 sold below and more than 196 were sold right at the asked price. The number of listings in Los Angeles, CA increased by 10.8% between February 2024 and March 2024. In March 2024 median list price was $975,970 and the average listing age was 34 days.

From Rocket Homes Real Estate and based on county public records data.

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