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.
Property Details
Price:
$2,200,000
MLS #:
26649031
Status:
Active
Beds:
4
Baths:
4
Address:
5815 W Olympic BL
Type:
Single Family
Neighborhood:
c19beverlycentermiraclemile
City:
Los Angeles
Listed Date:
Mar 10, 2026
State:
CA
Finished Sq Ft:
3,173
Total Sq Ft:
3,173
ZIP:
90036
Lot Size:
6,823 sqft / 0.16 acres (approx)
Year Built:
1927
Schools
Interior
Appliances
D W, G D, M W
Cooling
W W
Heating
W L
Exterior
Other Structures
S H
Parking Spots
5
Financial
Map
Contact Us
Mortgage Calculator
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Courtesy of Lyon Stahl Investment Real Estate, Inc.. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the California Regional Multiple Listing Service. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. California Regional Multiple Listing Service. All rights reserved. 5815 W Olympic BL
Los Angeles, CA
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