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5840 S Olive Street, Los Angeles, California 90003, Los Angeles, 90003 - bed, bath

5840 S Olive Street, Los Angeles, California 90003 home-pic-0
ACTIVE$750,000
5840 S Olive Street, Los Angeles, California 90003
0Bed
0Bath
1,856Sqft
5,041Lot
Year Built
1923
Close
-
List price
$750K
Original List price
$799K
Price/Sqft
$404
HOA
-
Days on market
-
Sold On
-
MLS number
PW25140354
Home ConditionFair
Features
View-

About this home

We found 3 Cons,5 Pros. Rank: price - $750.0K(50th), sqft - 1856(50th), beds - undefined(50th), baths - undefined(50th).

This property is Back on the market : Buyer could not perform. Great Investment or Live-In Opportunity! This fully gated duplex features a spacious front unit with 5 bedrooms, 1 full bath, and 1 half bath, offering plenty of space for a large household or co-living arrangement. The rear unit includes 2 bedrooms and 1 bath, perfect for rental income or extended family living. The property is entirely fenced with an exterior gate, providing privacy and security. Off-street parking available in the rear. A rare opportunity to live in one unit and rent out the other — ideal for owner-occupants or investors seeking strong rental potential. Don’t miss this versatile and income-generating property!

Price History

Date
Event
Price
10/30/25
Price Change
$750,000
06/30/25
Listing
$799,000
03/03/98
Sold
$110,000
Condition Rating
Fair
Built in 1923, this property shows recent cosmetic updates like new laminate flooring, fresh paint, and new kitchen cabinets in the visible areas. However, the kitchen appears incomplete with no visible appliances, and no images of the bathrooms are provided, which is a significant concern. The advanced age of the property strongly suggests that major systems (electrical, plumbing, HVAC) are likely outdated and may require substantial repairs or upgrades, despite the superficial improvements. It's aged but has received some recent upkeep, yet major components are likely outdated or unknown.
Pros & Cons

Pros

Income-Generating Duplex: The property is a duplex, offering strong rental potential for investors or the opportunity for owner-occupants to live in one unit and rent out the other, providing a significant income stream.
Versatile Living Arrangement: Features a spacious 5-bedroom, 1.5-bath front unit and a separate 2-bedroom, 1-bath rear unit, accommodating large households, co-living, or multi-generational families.
Enhanced Security and Privacy: The property is fully gated and entirely fenced with an exterior gate, providing a secure and private environment.
Off-Street Parking: Availability of off-street parking in the rear is a valuable amenity, especially in a dense urban area like Los Angeles.
Recent Price Adjustment: The property has seen a recent price reduction from $799,000 to $750,000, potentially indicating increased value for buyers and seller motivation.

Cons

Previous Transaction Failure: The property is back on the market because a previous buyer 'could not perform,' which may signal underlying issues with the property, financing, or appraisal that warrant further investigation.
Advanced Age of Property: Built in 1923, the property is nearly a century old, suggesting potential for outdated systems (plumbing, electrical), deferred maintenance, and the need for significant capital expenditures for modernization.
Unspecified Interior Condition: The description lacks details on recent renovations or interior updates, which for a property of this age, implies potential for substantial cosmetic and functional upgrades to meet modern living standards.

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