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5815 W Olympic Boulevard, Los Angeles, CA 90036

Los Angeles
Local realty services provided by:CENTURY 21 Sierra Properties
5815 W Olympic Boulevard,Los Angeles, CA 90036
$2,200,000
  • 3 Beds
  • - Baths
  • 3,173 sq. ft.
  • Multi-family
  • Active
Listed by: taylor avakian
Office: lyon stahl investment real estate, inc.
MLS#:CL26649031
Source:Bay East, CCAR, bridgeMLS

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 #:CL26649031
  • Added:98 day(s) ago
  • Updated:June 21, 2026 at 02:38 PM

Rooms and interior

  • Bedrooms:3
  • Living area:3,173 sq. ft.

Heating and cooling

  • Cooling:Wall/Window Unit(s)
  • Heating:Wall Furnace

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
MLS LogoBay East 2026. CCAR 2026 bridgeMLS 2026. Information Deemed Reliable But Not Guaranteed. This information is being provided by the Bay East MLS, or CCAR MLS, or bridgeMLS. The listings presented here may or may not be listed by the Broker/Agent operating this website. This information is intended for the personal use of consumers and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data last updated at June 21, 2026 CA_BRIDGEMLS Member Broker: Jesse Gibbs

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