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4669 W Olympic Boulevard, Los Angeles, California 90019, Los Angeles, 90019 - 6 bed, 4 bath

4669 W Olympic Boulevard, Los Angeles, California 90019 home-pic-0
ACTIVE$2,750,000
4669 W Olympic Boulevard, Los Angeles, California 90019
6Beds
4Baths
2,709Sqft
9,657Lot

Price Vs. Estimate

The estimated value ($2,104,230.815) is $645,769.185 (23%) lower than the list price ($2,750,000). This property may be overpriced.

Key pros and cons

Top Pros:
Exceptional Versatility & Investment Potential: The property offers unique flexibility for use as a spacious single-family home, a multi-family investment (dividable into two units), or a fully equipped and licensed Residential Care Facility for the Elderly (RCFE).
Top Cons:
Significant Overpricing Relative to Market Value: The current listing price of $2.75 million is 23% higher than the estimated property value of approximately $2.1 million, suggesting a potential overvaluation in the current market.

Compared to the nearby listings

Price:$2.75M vs avg $1.42M (+$1,335,000)95%
Size:2,709 sqft vs avg 1,781.5 sqft89%
Price/sqft:$1.0K vs avg $80179%

More Insights

Built in 1950 (75 years old).
Condition: Built in 1950, this property has undergone extensive renovations to be move-in ready and ADA compliant, likely within the last 5-15 years. The main kitchen features modern, top-of-the-line Samsung stainless steel appliances, white shaker cabinets, and dark countertops. Bathrooms are clean, functional, and updated with new vanities, toilets, and shower stalls, though basic in style. Flooring is a mix of modern LVP/laminate and tile throughout, and the property benefits from central HVAC. While the overall condition is very good with significant updates, some lighting fixtures (fluorescent tubes) are functional but not modern, and the underlying older structure prevents an 'Excellent' rating.
Year Built
1950
Close
-
List price
$2.75M
Original List price
$2.88M
Price/Sqft
$1,015
HOA
-
Days on market
-
Sold On
-
MLS number
CV25124597
Home ConditionGood
Features
Good View: City Lights, Neighborhood
Patio
ViewCity Lights,Neighborhood

About this home

Discover endless possibilities at 4669 Olympic Blvd, offering exceptional flexibility in the heart of the vibrant Longwood Highlands neighborhood of Los Angeles. Whether you’re searching for a spacious residence, a multifamily investment by dividing into two separate units, or a fully equipped Residential Care Facility for the Elderly (RCFE), this property delivers unmatched potential. Previously operated as a fully licensed RCFE, this move-in ready property features 6 bedrooms, 4 bathrooms, and 2 kitchens, providing ample space for various configurations. The home is fully ADA compliant, equipped with central HVAC, energy-efficient Title 24 lighting, and top-of-the-line Samsung appliances, including washer and dryer, ensuring comfort and convenience for both residents and staff. Additional highlights include a detached garage, perfectly suited for training, administrative use, or extra storage, plus generous onsite parking. The property is ideally located minutes from Miracle Mile, Mid-Wilshire, and Koreatown, placing you near major healthcare centers, premier shopping, dining, and entertainment options. Don’t miss your chance to invest in this centrally located, turnkey assisted living facility—with capacity to accommodate up to 12 residents. This is a rare opportunity for those seeking a ready-to-operate care facility, a flexible income property, or a spacious home in a desirable Los Angeles neighborhood. Schedule your tour today and explore all the ways 4669 Olympic Blvd can achieve your vision!

Price History

Date
Event
Price
04/07/22
Sold
$2,189,000
07/28/20
Sold
$1,590,000
03/03/20
Sold
$1,450,000
12/18/19
Sold
$1,000,000
Condition Rating
Good
Built in 1950, this property has undergone extensive renovations to be move-in ready and ADA compliant, likely within the last 5-15 years. The main kitchen features modern, top-of-the-line Samsung stainless steel appliances, white shaker cabinets, and dark countertops. Bathrooms are clean, functional, and updated with new vanities, toilets, and shower stalls, though basic in style. Flooring is a mix of modern LVP/laminate and tile throughout, and the property benefits from central HVAC. While the overall condition is very good with significant updates, some lighting fixtures (fluorescent tubes) are functional but not modern, and the underlying older structure prevents an 'Excellent' rating.
Pros & Cons

Pros

Exceptional Versatility & Investment Potential: The property offers unique flexibility for use as a spacious single-family home, a multi-family investment (dividable into two units), or a fully equipped and licensed Residential Care Facility for the Elderly (RCFE).
Turnkey & ADA Compliant RCFE: Previously operated as a fully licensed RCFE, this property is move-in ready with 6 bedrooms, 4 bathrooms, 2 kitchens, and is fully ADA compliant, making it ideal for immediate operation as a care facility.
Prime Central Los Angeles Location: Situated in the vibrant Longwood Highlands neighborhood, it's minutes from major hubs like Miracle Mile, Mid-Wilshire, and Koreatown, providing convenient access to healthcare centers, premier shopping, dining, and entertainment.
Modern Upgrades & Amenities: The home features central HVAC, energy-efficient Title 24 lighting, and top-of-the-line Samsung appliances (including washer and dryer), ensuring comfort and convenience.
Ample Space & Practical Features: With 2,709 sqft on a generous 9,657 sqft lot, the property includes a detached garage suitable for administrative use or storage, and generous onsite parking, adding significant practical value.

Cons

Significant Overpricing Relative to Market Value: The current listing price of $2.75 million is 23% higher than the estimated property value of approximately $2.1 million, suggesting a potential overvaluation in the current market.
Niche Market Appeal: While highly versatile, the property's previous use and current setup as a fully licensed RCFE, including ADA compliance and multiple kitchens, may appeal to a more specialized buyer pool, potentially limiting interest from traditional single-family home purchasers.
Age of Structure: Built in 1950, the property is over 70 years old. Despite recent upgrades, an older foundation and infrastructure may present unforeseen maintenance challenges or require more significant capital expenditures over time compared to newer constructions.

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