858-525-5007

5815 Olympic, Los Angeles CA 90036 | $2,200,000

  • 0 bedrooms
  • 0 bathrooms
  • 0 Sq Ft
  • 6823 Lot Sq Ft
  • Type:
  • Stories: 0
  • Year Built: 1927
  • MLS#: 26649031
  • Community: C19 - Beverly Center-Miracle Mile

Listing provided courtesy of Taylor Avakian of Lyon Stahl Investment Real Estate, Inc.. Last updated 2026-04-21 08:11:31.000000. Listing information © 2025 SANDICOR.

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.

More Details

0.16 Acres

David Piper​

Call or Text: 858-525-5007

DRE# 02021985