$2,200,000

5815 W Olympic Boulevard, Los Angeles, CA 90036

4 beds |
4 baths |
3,173 sqft

Multi-Family Home
Built in 1927
6,821sqft lot
—— car garage
$693/sqft
Listed 1 day ago

Property Description

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.

Listing Status:: Active
Date Added:: March 9, 2026
Data Last Updated:: March 11, 2026 at 3:16AM
Listing Office:: Lyon Stahl Investment Real Estate, Inc. : 310-425-9838
Listing Agent:: Taylor Avakian : 916-996-4421
MLS ID:: 26649031

Appliances: DishwasherDisposalMicrowave
A/C: Wall/Window Unit(s)
Heating: Wall Furnace

General: Shed(s)
Other Structures: Shed(s)
Parking: DrivewayParking spaces: 5

General: 0

Originating MLS: CRMLS_CL
County: Los Angeles

Zoning: LAR35089016023

Source: CRMLS_CL

This listing courtesy of Taylor Avakian , Lyon Stahl Investment Real Estate, Inc.

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Wilshire Crest Elementary

5241 W Olympic Blvd, Los Angeles, CA, 90036

Grades KG-5

0.71 miles away

John Burroughs Middle School

600 S McCadden Pl, Los Angeles, CA, 90005

Grades 6-8

1.21 miles away

Los Angeles Center for Enriched Studies

5931 W 18th St, Los Angeles, CA, 90035

Grades 6-12

1.27 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.