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8686 W Olympic Boulevard

Los Angeles, CA 90035

– beds
– baths
– sqft
7,432 sqft lot
1926 build
– on site

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.

Listed By CRMLS_CA / Elliot Hassan / NorthMarq Realty Services, Inc.

Last checked: Checking… • Last updated May 31, 2025 •

MLS# 25546199 —

The Building

Year Built:

1926
New Construction:

No
Building Area Total:

6213.00
Total Number Of Units:

8
# of Buildings:

2

Interior

Levels:

Two

Location

Directions:

8686 West Olympic is ideally situated on the western edge of Pico-Robertson, adjacent to Beverly Hills and surrounded by high-end single-family homes. The property is minutes from top employment hubs in Beverly Hills and Century City,
Latitude:

34.05904300
Longitude:

-118.38121200

The Property

Property Type:

Residential Income
Zoning:

LAR3
Lot Size Area:

7432.0000
Lot Size Acres:

0.1706
Lot Size SqFt:

7432.00

Listing Agent

Contact info:

The Listing

Special Listing Conditions:

Standard
Parcel Number:

4332020001

Heating & Cooling

Heating:

1
Heating:

Wall Furnace

Appliances

Included:

Yes

The Community

Association:

No
Senior Community:

No
Assessments:

No

Parking

Parking:

Yes
Parking:

Carport

Explore the Area

My Commute

From

Walk Score®

Provided by WalkScore® Inc.

Bike Score®

Provided by WalkScore® Inc.

Transit Score®

Provided by WalkScore® Inc.

Soundscore™

Provided by HowLoud

Sale history

Date	Event	Source	Price	% Change
5/31/25 May 31, 2025	Listed / Active	CRMLS_CA	$2,200,000

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This multifamily located in West Los Angeles, Los Angeles, CA 90035 is currently for sale for $2,200,000. 8686 W Olympic Boulevard is a – square foot multifamily with – beds and – baths that has been on Estately for 4 days. 8686 W Olympic Boulevard is in the West Los Angeles neighborhood of Los Angeles and has a WalkScore® of 87, making it very walkable. This multifamily is in the attendance area of Fairfax Senior High School, Emerson Community Charter School, and Carthay Elementary Of Environmental Studies Magnet School.

Listing Courtesy of: CRMLS_CA and NorthMarq Realty Services, Inc.. Based on information from California Regional Multiple Listing Service, Inc. as of 13:18 on Jun 04.

This information 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. Display of MLS data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Agent may have been included in the MLS data. Unless otherwise specified in writing, Broker/Agent has not and will not verify any information obtained from other sources. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent.