5525 W Olympic Boulevard 402, Los Angeles, California 90036, Los Angeles, 90036 - 2 bed, 2 bath
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5525 W Olympic Boulevard 402
Los Angeles, California 90036
ACTIVE
CONDITION: GOOD
2Beds
2Baths
1,340Sq Ft
7,996Lot Size
Property Price
LIST PRICE$779,000
EST. MARKET VALUE
$807,651
3% BelowMARKET VALUE
SUMMARY
This Top-Floor Penthouse Residence is a Strong Value Opportunity, listed at $779,000—positioned well below the $807,651 Fair Market Value by 3%. This valuation gap offers $28,651 in Instant Equity for the buyer. Featuring a Good Condition Rating, this unit offers City Lights views, high ceilings, and a private corner layout. Located in the vibrant Miracle Mile, it provides an urban lifestyle near top-rated schools like Third Street Elementary. This is an ideal acquisition for Owner-Occupants or first-time buyers seeking modern, move-in ready convenience.
Estimated Market Value
$807,651+$28,651 Equity Potential
Based on Realkey algorithm analyzing recent comparable sales in Los Angeles.
Comparable Sales Map
Comparables within 1 miles sold in recently
Map unavailable.
| Address | Sold Price | Beds | Baths | Sq Ft | $/Sqft | Distance |
|---|---|---|---|---|---|---|
★ 5525 W Olympic Boulevard 402 Subject 2 bd · 2 ba · 1,340 sqft · $603 | $779,000* List Price | 2 | 2 | 1,340 | $603 | - |
A 600 S Ridgeley 113 Sold 2 bd · 3 ba · 1,220 sqft · $750 · 0.5 mi | $915,000 | 2 | 3 | 1,220 | $750 | 0.5 mi |
B 749 S Cloverdale Avenue 102 Sold 2 bd · 3 ba · 1,610 sqft · $624 · 0.3 mi | $1,005,000 | 2 | 3 | 1,610 | $624 | 0.3 mi |
C 5525 W Olympic Boulevard 302 Sold 2 bd · 2 ba · 1,340 sqft · $544 | $729,000 | 2 | 2 | 1,340 | $544 | - |
D 750 S Spaulding Avenue 332 Sold 2 bd · 2 ba · 1,323 sqft · $635 · 0.5 mi | $840,000 | 2 | 2 | 1,323 | $635 | 0.5 mi |
E 750 S Spaulding Avenue 214 Sold 2 bd · 2 ba · 1,433 sqft · $590 · 0.5 mi | $845,000 | 2 | 2 | 1,433 | $590 | 0.5 mi |
F 927 S Sycamore Avenue Sold 2 bd · 2 ba · 1,313 sqft · $685 · 0.3 mi | $900,000 | 2 | 2 | 1,313 | $685 | 0.3 mi |
G 931 1/2 S Sycamore Avenue Sold 3 bd · 3 ba · 1,600 sqft · $622 · 0.3 mi | $995,000 | 3 | 3 | 1,600 | $622 | 0.3 mi |
H 5601 W Olympic Boulevard 301 Active Under Contract 3 bd · 2 ba · 1,470 sqft · $646 · 0.1 mi | $950,000 List Price | 3 | 2 | 1,470 | $646 | 0.1 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Built in 2008 (16-18 years old), this property falls within the 10-20 year range for 'Good' condition. The unit is well-maintained and move-in ready, featuring updated wood flooring, a functional kitchen with stainless steel appliances, and modern bathrooms that appear original to the construction but in great shape.
PROSSTRENGTHS & OPPORTUNITIES
- Superior Privacy and Layout
As a top-floor corner penthouse with no shared walls, this unit offers a rare level of quiet and privacy that is highly coveted in Los Angeles condo living.
- Prime Miracle Mile Location
The property is situated in a highly walkable, central neighborhood, providing immediate access to world-class museums, trendy dining, and major entertainment hubs.
- Modern Construction and Natural Light
Built in 2008, the residence features high ceilings, dual-pane noise-canceling windows, and expansive city views that create a bright, airy, and contemporary atmosphere.
CONSRISKS & DEFICIENCIES
- MLS Listing Discrepancy
Lot size discrepancy between mls listing and other public or private record. mls listing lot size in square feet =7996, other record lot size in square feet = 7934. Living area discrepancy between mls listing and other public or private record. mls listing living area = 1340, other record living area = 1170.
- High Monthly HOA Fees
The association fee of $744 per month is relatively high for this price point, which may impact the debt-to-income ratio and overall affordability for some buyers.
- Inconsistent Local School Ratings
While the area offers some high-performing schools, the immediate assigned elementary school has a low rating, which could be a deterrent for families prioritizing public education.
About 5525 W Olympic Boulevard 402
Light-Filled Top-Floor Corner Condo in the Heart of Miracle Mile! Enjoy modern city living in this beautiful penthouse residence featuring 2 bedrooms and 2 bathrooms, high ceilings, and an abundance of natural light. With no shared walls, this desirable layout adds privacy and tranquility. Updated wood flooring enhances the main living areas, while plush carpeting in both bedrooms creates a comfortable retreat. City views from the numerous windows add to the open, airy feel, creating an inviting space to relax. In-unit stacked laundry is located in the spacious kitchen. Both bedrooms are closed off from the noise with dual-pane noise-canceling windows. Complete with two-car parking and a convenient location in the sought-after Miracle Mile area, this residence offers the perfect blend of style, comfort, and urban convenience, just moments from popular shopping, dining, entertainment, and cultural destinations.
Property Details
Public Facts
- Property Type
- Condominium
- Year Built
- 2008
- Lot Size
- 7,996 Sq. Ft.
Interior
- Total Bedrooms
- 2
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $744.0 / Month
Neighborhood Insights
Los Angeles Unified Schools
Wilshire Crest Elementary School
Grades K-5 • 0.3 mi
2/10
Hancock Park Elementary School
Grades K-5 • 1.1 mi
7/10
Carthay Center Elementary
Grades K-5 • 1.1 mi
5/10
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 2.0 | 2.0 |
| Baths | 2.0 | 2.0 |
| Square foot | 1,340 | 1,252.996 |
| Lot Size | 7,996 | 26,029.603 |
| Price | $779.0K | $778.5K |
| Price per sq ft | $581 | $629 |
| Built year | 2008 | 1981 |
| HOA | $744.0 | $676 |
| Days on market | 16 | 74 |
Pricing History
Listed for Sale
Oct 24, 2026
$779,000
Initial Listing
Sold
Oct 14, 2015
$630,000
Public Record
Sold
Dec 17, 2010
$511,000
Public Record