5856 S Olive, Los Angeles, California 90003, Los Angeles, 90003 - 3 bed, 2 bath
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5856 S Olive
Los Angeles, California 90003
ACTIVE UNDER CONTRACT
CONDITION: GOOD
3Beds
2Baths
1,424Sq Ft
5,041Lot Size
Property Price
LIST PRICE$648,999
EST. MARKET VALUE
$666,333
SUMMARY
This Duplex Residential Income property represents a High-Potential Investment Opportunity, listed at a List Price of $648,999—positioned well below the $666,333 Fair Market Value by 2%. This valuation gap offers $17,334 in Instant Equity. Featuring a Condition Rating of 3, the units are move-in ready with recent renovations. Located on a LAR-2 Lot near the 110 freeway and USC, this asset is ideal for Buy-and-Hold Investors or Owner-Occupants seeking immediate rental income potential.
Estimated Market Value
$666,333
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 |
|---|---|---|---|---|---|---|
★ 5856 S Olive Subject 3 bd · 2 ba · 1,424 sqft · $468 | $648,999* List Price | 3 | 2 | 1,424 | $468 | - |
A 314 W 66th Sold 0 bd · 0 ba · 1,632 sqft · $438 · 0.6 mi | $715,000 | 0 | 0 | 1,632 | $438 | 0.6 mi |
* Subject property listed price vs sold prices of comps.
Condition Analysis
See Full ReportOVERALL CONDITION SCORE
Good
TeardownExcellent
Property is move-in ready.
Although built in 1925, the property has undergone recent renovations including updated kitchens with modern shaker cabinets and stainless steel appliances, new flooring, and new windows. The interior is move-in ready and functional; however, the exterior siding and basic bathroom finishes prevent an 'excellent' rating as they show standard age-related character rather than a total mint-condition overhaul.
PROSSTRENGTHS & OPPORTUNITIES
- Turnkey Renovations
Both units feature extensive recent upgrades including new windows, flooring, and modernized kitchens and bathrooms, providing a move-in ready asset with minimal immediate capital expenditure required.
- Immediate Rental Control
The property is delivered vacant, allowing an investor to immediately secure tenants at current market-rate rents or an owner-occupant to move in without the legal complexities of tenant relocation.
- Strategic Transit-Oriented Location
Proximity to the 110 freeway, MTA Transit Line, USC, and the LA Coliseum ensures high rental demand and convenience for commuters and students alike.
CONSRISKS & DEFICIENCIES
- Limited On-Site Parking
The property only provides one parking space per unit, which may be a significant drawback for tenants in a high-density area where street parking is often competitive.
- Public Record Discrepancies
The discrepancy between the property profile (3 bedrooms) and the actual layout (4 bedrooms) could present challenges during the appraisal or financing process if the additional room is not permitted.
About 5856 S Olive
Investor opportunity in the heart of South Los Angeles. Welcome to 5856 & 5856 1/2 So Olive Street, this Duplex features two 2-bedroom / 1- bath Units on a LAR-2 Lot. The Property Profile Indicated that the property has a total of 3 bedrooms / 2 baths, but it shows as a total of 4 beds / 2 baths. Both Units have new windows, flooring and updated kitchens & Bathrooms. The Units have their own electric and gas meters; they share the water meters. This property offers an opportunity for both investors and owners-occupants. Buyers will have the option to live in one and rent the other, or lease both for excellent rental income potential. There is tenant parking for one can each in the back of the property. The property is located near the 110 freeway, MTA Transit Line, the LA Coliseum and USC. Each unit has been recently upgraded and are move-in ready. Both units will be delivered vacant. Don't miss this rare chance to own a fully upgrade,
Property Details
Public Facts
- Property Type
- Duplex
- Year Built
- 1925
- Lot Size
- 5,041 Sq. Ft.
Interior
- Total Bedrooms
- 3
- Total Bathrooms
- 2 (2 Full, 0 Half)
Exterior & Parking
No exterior & parking available.
Utilities & Misc
- HOA Fee
- $0 / Month
Neighborhood Insights
Sensitive Facilities
No sensitive facilities data found.
Neighborhood Comparison
| Feature | Subject | Average Home |
|---|---|---|
| Beds | 3.0 | 4.5 |
| Baths | 2.0 | 2.9 |
| Square foot | 1,424 | 2,090.331 |
| Lot Size | 5,041 | 5,852.908 |
| Price | $649.0K | $830.9K |
| Price per sq ft | $456 | $394 |
| Built year | 1925 | 1928 |
| HOA | $0 | $0 |
| Days on market | 20 | 87 |
Pricing History
Listed for Sale
Oct 20, 2026
$648,999
Initial Listing