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5815 W Olympic Boulevard, Los Angeles, CA 90036

Los Angeles
Local realty services provided by:CENTURY 21 Cornerstone
5815 W Olympic Boulevard,Los Angeles, CA 90036
$2,200,000
  • 4 Beds
  • 4 Baths
  • 3,173 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian
Office: lyon stahl investment real estate, inc.310-425-9838
MLS#:26649031
Source:CRMLS

Price summary

  • Price:$2,200,000
  • Price per sq. ft.:$693.35

About this home

Rare value-add opportunity in prime Mid-City/Miracle Mile. ONE VACANT UNIT FOR OWNER USER. This 4-unit apartment building at 5815 W Olympic Blvd sits on a 6,752 SF LAR3 lot and comes with two RTI (Ready-to-Issue) ADU permits in hand, offering immediate income expansion potential without the permitting wait. Current rents are below market, creating strong upside for investors and owner-users alike. Unit mix: one studio, two 1+1s, one 2+2. Five on-site parking spaces. Current gross income of $115,380 with a pro forma of $127,752 before factoring in ADU rent potential. Centrally located near Beverly Hills, Koreatown, and DTLA with easy freeway access. LAR3 zoning. Ideal for a 1031 exchange, long-term hold, or an owner-user looking to offset their mortgage with rental income.

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Home facts

  • Year built:1927
  • Listing ID #:26649031
  • Added:45 day(s) ago
  • Updated:April 25, 2026 at 10:33 AM

Rooms and interior

  • Bedrooms:4
  • Total bathrooms:4
  • Kitchen Description:Dishwasher, Disposal, Microwave
  • Living area:3,173 sq. ft.

Heating and cooling

  • Cooling:Wall Window Units
  • Heating:Wall Furnance

Structure and exterior

  • Year built:1927
  • Building area:3,173 sq. ft.
  • Lot area:0.16 Acres

Finances and disclosures

  • Price:$2,200,000
  • Price per sq. ft.:$693.35

Features and amenities

  • Appliances:Dishwasher, Disposal

Parking

  • Total parking spaces:5
  • Parking description:Driveway
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